Duplex with Three-Bay
New
For Sale
$499,000
6778 State Route 158, Altamont, NY 12009
MultiFamily, Altamont, NY
Property Size3,632 SF
Lot Size0.49 Acres
Price / SF$137.39
Days on Market1
Property Features for 6778 State Route 158
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Parking
12
Parking features
Off Street, Open, Driveway, Garage
Patio and Porch features
Patio
Interior features
Paddle Fan, High Speed Internet, Built-in Features, Crown Molding, Dry Bar
Fireplace
1
Basement
Unfinished
Lot features
Level, Landscaped, Road Frontage, Views, Wooded, Cleared
High school
Guilderland
Elementary school district
Guilderland
Middle school district
Guilderland
High school district
Guilderland
Directions
West on Route 20, South on Route 158 3/4 of a mile on your left hand side. House with 3 garage bays.
Standard status
Active
APN
013089 26.00-4-12
Size
3,632 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
11118
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Wood, Hot Water(Heating), Oil, Wood Stove
Cooling system
Window Unit(s)
Water source
Public, Well
Amenities
private back deck
in-unit laundry
owned solar panels
seasonal fruit trees
Building Details
Year built
1951
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 439-9600
Listed By:
Joshua Wolin · License #10301221449
(914) 980-9309
Added: Oct 7
Last Checked: Oct 7 at 5:06PM
MLS# 202627740
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.
Investment Insights
Based on property information with market context.
Built in 1951, this 3,632-square-foot duplex contains two residential units, each measuring more than 1,600 square feet and offering potential for three bedrooms, a full bath, kitchen, living room, laundry, and a private rear deck. An attached three-bay garage has loft space above, while a separate area behind it includes a half bath. Further use of that bonus space is subject to municipal approvals. The property includes owned solar panels, a 0.49-acre lot, and a backyard adjoining forever-wild land.
Recent work includes a new driveway and two garage doors in 2026, a new oil tank in 2025, an electrical panel in 2024, and hot water tanks in 2023 and 2024. Flooring and sheetrock have also been updated.
Recent work includes a new driveway and two garage doors in 2026, a new oil tank in 2025, an electrical panel in 2024, and hot water tanks 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 space above
- Bonus area behind the garage includes a half bath; additional use subject to municipal approvals
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by owned solar panels and additional space above and behind the garage.
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 space above; Bonus area behind the garage includes a half bath; additional use subject to municipal approvals
