Duplex with Two-Car
For Sale
$449,900
54 McNutt Avenue, Albany, NY 12205
MultiFamily, Albany, NY
Property Size1,296 SF
Lot Size0.32 Acres
Price / SF$347.15
Days on Market51
Property Features for 54 McNutt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
8
Parking features
Garage, Driveway
Interior features
Solid Surface Counters
Basement
Full
Lot features
Level
High school
Colonie Central HS
Elementary school district
South Colonie
Middle school district
South Colonie
High school district
South Colonie
Directions
Central Av to McNutt Av
Standard status
Active
APN
012689 53.6-4-32
Size
1,296 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
4796
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1948
Number of units
2
Flooring type
Hardwood
Building materials
Clapboard
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Added: Aug 27
Changed: Oct 2
Last Checked: Oct 16 at 9:06AM
MLS# 202624922
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex, built in 1948, contains two single-level residences. Each unit has two bedrooms, one full bathroom, a kitchen, and a living room, with hardwood flooring throughout. The property also includes solid surface counters, clapboard construction, forced-air natural gas heat, public water and sewer, and an asphalt roof. Pella vinyl replacement windows and a new roof are among the recent improvements.
At 0.32 acres, the property provides a clean asphalt driveway, paved walking paths, front parking, and a detached two-car garage. Separate utility service serves each unit. Both residences are currently leased, and the building is located in Albany, NY, near highways, shopping, restaurants, and everyday amenities.
At 0.32 acres, the property provides a clean asphalt driveway, paved walking paths, front parking, and a detached two-car garage. Separate utility service serves each unit. Both residences are currently leased, and the building is located in Albany, NY, near highways, shopping, restaurants, and everyday amenities.
Key Highlights
- 1,296 SF duplex on a 0.32‑acre lot
- Two units, each with 2 bedrooms and 1 full bathroom
- Large 2‑car garage plus driveway and paved parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.1K $16.27/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$14.8K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Multifamily LT 5
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-level units feature hardwood floors, separate utilities, and individual kitchens and living rooms.
Where is this duplex located?
The property is located at 54 McNutt Avenue Albany, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,296 SF duplex on a 0.32‑acre lot; Two units, each with 2 bedrooms and 1 full bathroom; Large 2‑car garage plus driveway and paved parking area
