Brick Duplex with
For Sale
$425,000
Pending
69 S Lake Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,212 SF
Lot Size0.06 Acres
Days on Market60
Property Features for 69 S Lake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 4
Parking
2
Parking features
Off Street
Patio and Porch features
Deck, Patio, Porch
Interior features
Paddle Fan, Ceramic Tile Bath
Fireplace
1
Basement
Exterior Entry, Full, Unfinished, Interior Entry
Lot features
Landscaped
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Western Ave to South Lake, opposite Washington Park
Standard status
Pending
APN
010100 65.70-2-24
Size
2,212 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8116
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1890
Number of units
2
Flooring type
Wood, Tile, Laminate
Building materials
Brick
Roof type
Asphalt, Rubber
Buildings
1
Listing Agency:
Staged Nest Real Estate LLC
(518) 369-8441
Listed By:
Frances P Callahan · License #30CA0949290
(518) 265-9295
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 30 at 11:06AM
MLS# 202625510
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 2,212-square-foot brick duplex occupies a 0.06-acre lot and contains two townhome-style units. Built in 1890, the property includes wood, laminate, and tile flooring, ceramic tile baths, ductless cooling and heating, hot-water heating, natural gas service, and a fireplace. Outdoor features include a patio, deck, porch, rear fencing, and two off-street parking spaces. The layout may also be converted to a single-family residence.
Located opposite Washington Park, the property benefits from a park-facing setting in Albany. Albert W. Fuller is identified as the architect. Capital improvements include a 200-amp electrical service installed in 2018, Anderson windows replacing all but three windows, mini-splits, a 2020 patio installation, 2023 plumbing work serving the water heater and boiler, and a new roof installed across all sections in 2024/2025.
Located opposite Washington Park, the property benefits from a park-facing setting in Albany. Albert W. Fuller is identified as the architect. Capital improvements include a 200-amp electrical service installed in 2018, Anderson windows replacing all but three windows, mini-splits, a 2020 patio installation, 2023 plumbing work serving the water heater and boiler, and a new roof installed across all sections in 2024/2025.
Key Highlights
- Two‑unit duplex with 2,212 square feet on a 0.06‑acre lot
- Brick construction dating to 1890
- Opposite Washington Park in Albany
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,191
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,820
$503.8K
Cap Rate 7%
$359,871
$359.9K
Cap Rate 9%
$279,900
$279.9K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$38.5K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.0K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.2K $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%
$503,820
Cap Rate 7%
$359,871
Cap Rate 9%
$279,900
Alternative Uses
Best Use
Multifamily LT 5
$359.9K
$314.9K – $419.9K
NOI $25,191 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$322.8K
$282.4K – $376.6K
NOI $22,595 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$583.6K
$510.6K – $680.9K
NOI $40,851 @ 7.0% cap · market cap 9.61%
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
3,487
Businesses Nearby
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Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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 - Townhome-style property with separate units, recent building improvements, and access to two off-street parking spaces.
Where is this duplex located?
The property is located at 69 S Lake Avenue Albany, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,212 square feet on a 0.06‑acre lot; Brick construction dating to 1890; Opposite Washington Park in Albany
