Building Details

Year Built 1920

Listing Agency: Coldwell Banker Prime Properties

Listed By: Brian Walters · License #30WA0832219 Show Phone

Source: Albanyprimeproperties

Added: Aug 26 Changed: Oct 16 Last Checked: Oct 16 at 9:08AM

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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.

This two-unit duplex contains 2,070 square feet with two updated apartments and a low-maintenance exterior. Built in 1920, the property includes separate utilities and off-street parking options.

Located in Albany, the property offers access to local transit, UAlbany, St. Peter's Health, downtown state offices, and nearby dining. Its two-apartment configuration supports both investment ownership and an owner-occupant arrangement, subject to applicable requirements.

Key Highlights

• Two‑unit duplex with two updated apartments
• 2,070 square feet of building area
• Separate utilities for each apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,145

Cap Rate

8.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,900 $422.9K

Cap Rate 7%

$302,071 $302.1K

Cap Rate 9%

$234,944 $234.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,070 SF

Gross rent

$41.0K $19.80/SF

− Vacancy

−$2.5K −$1.23/SF

EGI

$38.4K $18.57/SF

− OpEx

−$17.3K −$8.36/SF

NOI

$21.1K $10.21/SF

Area

Albany, NY

Vacancy

6.20%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,900

Cap Rate 7%

$302,071

Cap Rate 9%

$234,944

Alternative Uses

Best Use

Multifamily LT 5

$336.8K

$294.7K – $392.9K (±1% cap)

NOI $23,574 @ 7.0% cap · market cap 9.43%

Second Best

Apartment 5plus

$302.1K

$264.3K – $352.4K (±1% cap)

NOI $21,145 @ 7.0% cap · market cap 8.46%

Theoretical Best

Office A

$546.1K

$477.9K – $637.2K (±1% cap)

NOI $38,229 @ 7.0% cap · market cap 15.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Accounting Firm Acupuncture Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,441

Businesses Nearby

Explore this area Business Placement

Demographics for 12206, NY

17,219

Population

8,641

Households

2

Avg Household Size

32

Median Age

26%

College-Educated

84%

High-School Grad

2.1 sq mi

ZIP Area

8,200

Density / Sq Mi

$38,931

Median Household Income

$28,087

Median Earnings

$1,189

Median Rent

$162,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two apartments feature separate utilities and updated interiors.

Where is this duplex located?

The property is located at 762 Clinton Ave Albany, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Two‑unit duplex with two updated apartments; 2,070 square feet of building area; Separate utilities for each apartment