Duplex with
New
For Sale
$430,000
638 Providence Street, Albany, NY 12208
MultiFamily, Albany, NY
Property Size2,736 SF
Lot Size0.08 Acres
Price / SF$157.16
Days on Market4
Property Features for 638 Providence Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6
Parking
4
Parking features
Off Street
Patio and Porch features
Deck, Porch
Interior features
Built-in Features
Basement
Unfinished, Full
Subdivision
New Scotland
Lot features
Cleared
View
City
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Ave to South Lake to Providence St., #638 on right hand side.
Standard status
Active
APN
010100 64.84-3-62
Size
2,736 SF
Lot size
0.08 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
7469
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Radiant, Hot Water(Heating)
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1938
Number of units
2
Flooring type
Hardwood, Laminate
Building materials
Aluminum Siding
Roof type
Asphalt, Rolled Hot Mop
Architectural style
Other
Buildings
1
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
Rosemarie Durant · License #10401264469
(518) 368-1444
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 26 at 9:06PM
MLS# 202628815
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 2,736-square-foot duplex, built in 1938, contains two residences. The first-floor unit has three bedrooms and two full bathrooms, along with living and dining rooms and an additional rear living area. A deck extends its usable space outdoors. The second-floor unit includes three bedrooms, one full bathroom, living and dining rooms, and an enclosed front porch. A basement provides storage space, and the property has coin-operated laundry and off-street parking.
The 0.08-acre property is near hospitals and the SUNY campus. Public water and sewer service the building, and natural gas heating includes baseboard, radiant, and hot-water systems. Each unit has separate utilities.
The 0.08-acre property is near hospitals and the SUNY campus. Public water and sewer service the building, and natural gas heating includes baseboard, radiant, and hot-water systems. Each unit has separate utilities.
Key Highlights
- Two units with a combined 6 bedrooms
- 2,736 square feet on a 0.08‑acre lot
- First‑floor unit: 3 bedrooms, 2 full bathrooms, and a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,158
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,160
$623.2K
Cap Rate 7%
$445,114
$445.1K
Cap Rate 9%
$346,200
$346.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$47.6K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$44.5K $16.27/SF
− OpEx
−$13.4K −$4.88/SF
NOI
$31.2K $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%
$623,160
Cap Rate 7%
$445,114
Cap Rate 9%
$346,200
Alternative Uses
Best Use
Multifamily LT 5
$445.1K
$389.5K – $519.3K
NOI $31,158 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.8K
NOI $27,948 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$721.8K
$631.6K – $842.1K
NOI $50,528 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,470
Businesses Nearby
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Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have separate utility service, off-street parking, and distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 638 Providence Street Albany, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two units with a combined 6 bedrooms; 2,736 square feet on a 0.08‑acre lot; First‑floor unit: 3 bedrooms, 2 full bathrooms, and a deck
