Duplex with Garage
For Sale
$499,000
6778 State Route 158, Altamont, NY 12009
Two residential units include private rear decks, and owned solar panels transfer with the property.
Property Size3,632 SF
Lot Size0.49 Acres
Price / SF$137.39
Days on Market16
Property Features for 6778 State Route 158
General Information
Standard status
Active
Size
3,632 SF
Total Parking Spaces
3
Lot size
0.49 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
private back deck
solar panels
seasonal fruit trees
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Joshua Wolin · License #10301221449
(914) 980-9309
Source:
Signatureonerealtygroup
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 14 at 11:45PM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
Built in 1951, this duplex contains two units of more than 1,600 square feet each. Each has potential for three bedrooms, along with a full bath, kitchen, living room, in-unit laundry, and a private rear deck. The attached three-bay garage has loft space above it. Additional space behind the garage includes a half bath; any conversion or added use is subject to municipal approval, and the garage bays may be retained.
The property occupies 0.49 acres in the Guilderland School District and backs to forever-wild land. Seasonal fruit trees are present in the backyard. Owned solar panels transfer with the sale.
Recent work includes a driveway and two garage doors installed in 2026, a replacement oil tank in 2025, an electrical panel update in 2024, and hot water tanks installed in 2023 and 2024. Flooring and sheetrock have also been updated.
The property occupies 0.49 acres in the Guilderland School District and backs to forever-wild land. Seasonal fruit trees are present in the backyard. Owned solar panels transfer with the sale.
Recent work includes a driveway and two garage doors installed in 2026, a replacement oil tank in 2025, an electrical panel update in 2024, and hot water tanks installed in 2023 and 2024. Flooring and sheetrock have also been updated.
Key Highlights
- Two residential units, each over 1,600 square feet with potential for three bedrooms
- Attached three‑bay garage with loft, plus bonus space and a half bath
- 0.49‑acre lot backing to forever‑wild land in the Guilderland School District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,937
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,740
$838.7K
Cap Rate 7%
$599,100
$599.1K
Cap Rate 9%
$465,967
$466.0K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$63.2K $17.40/SF
− Vacancy
−$3.3K −$0.90/SF
EGI
$59.9K $16.50/SF
− OpEx
−$18.0K −$4.95/SF
NOI
$41.9K $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%
$838,740
Cap Rate 7%
$599,100
Cap Rate 9%
$465,967
Alternative Uses
Best Use
Multifamily LT 5
$599.1K
$524.2K – $699.0K
NOI $41,937 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$554.2K
$484.9K – $646.6K
NOI $38,795 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.13M
$991.7K – $1.32M
NOI $79,334 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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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
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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 include private rear decks, and owned solar panels transfer with the property.
Where is this duplex located?
The property is located at 6778 State Route 158 Altamont, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residential units, each over 1,600 square feet with potential for three bedrooms; Attached three‑bay garage with loft, plus bonus space and a half bath; 0.49‑acre lot backing to forever‑wild land in the Guilderland School District
