Duplex with Undeveloped
6161 Depot Road, Guilderland, NY 12009
For Sale
$724,000
Two vacant residences share a building with garage capacity and a separate laundry room, alongside a conservation-easement parcel.
Property Size4,000 SF
Price / SF$181
Days on Market56
Property Features for 6161 Depot Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Flynn Michael J
(518) 272-1122
Listed By:
Linda M Luciano · License #10301208669
(518) 225-2223
Source:
Davalarealestate
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 8 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flynn Michael J
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Investment Insights
Based on property information with market context.
The 4,000-square-foot duplex, built in 1987, contains two residences. The first spans two floors and has four bedrooms, two full baths, a living room, a family room, and an eat-in kitchen. The second residence occupies the upper floor and includes four bedrooms, two living rooms, two kitchens, and two full baths. Four garage stalls and a first-floor laundry room serve the building. Both units are vacant, and appliances are included in as-is condition.
The offering combines the 17.75-acre parcel containing the residence with a separate 96.46-acre undeveloped parcel subject to a conservation easement. The property is zoned Multi Residence.
The offering combines the 17.75-acre parcel containing the residence with a separate 96.46-acre undeveloped parcel subject to a conservation easement. The property is zoned Multi Residence.
Key Highlights
- 4,000‑square‑foot duplex built in 1987
- 17.75‑acre parcel with the residence plus a separate 96.46‑acre parcel under conservation easement
- Each residence has 4 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,187
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$923,740
$923.7K
Cap Rate 7%
$659,814
$659.8K
Cap Rate 9%
$513,189
$513.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$69.6K $17.40/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$66.0K $16.50/SF
− OpEx
−$19.8K −$4.95/SF
NOI
$46.2K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$923,740
Cap Rate 7%
$659,814
Cap Rate 9%
$513,189
Alternative Uses
Best Use
Multifamily LT 5
$659.8K
$577.3K – $769.8K
NOI $46,187 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$610.4K
$534.1K – $712.1K
NOI $42,726 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,372 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 12009, NY
7,874
Population
3,238
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
52.6 sq mi
ZIP Area
150
Density / Sq Mi
$114,352
Median Household Income
$54,128
Median Earnings
$1,282
Median Rent
$321,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Albany County, NY
Properties on Market for Duplexes in Albany County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences share a building with garage capacity and a separate laundry room, alongside a conservation-easement parcel.
Where is this duplex located?
The property is located at 6161 Depot Road Guilderland, NY.
What is the asking price?
The asking price for this property is $724,000.
What are key features of this property?
This property features: 4,000‑square‑foot duplex built in 1987; 17.75‑acre parcel with the residence plus a separate 96.46‑acre parcel under conservation easement; Each residence has 4 bedrooms and 2 full baths
