Updated Two-Unit
For Sale
$249,900
762 Clinton Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,070 SF
Lot Size0.04 Acres
Price / SF$120.72
Days on Market8
Property Features for 762 Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4
Window features
Insulated Windows
Basement
Apartment, Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
North Manning, Right on Clinton or Central Ave to Clinton Ave
Standard status
Active
APN
010100 65.37-2-35
Size
2,070 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3321
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Vinyl Siding
Roof type
Flat
Architectural style
Other
Listing Agency:
Gabler Realty LLC
(518) 935-4800
Listed By:
Thomas Ferrigan · License #10401233118
(518) 495-3683
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 31 at 11:06PM
MLS# 202624678
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.
This two-unit duplex at 762 Clinton Avenue contains 2,070 square feet arranged as two updated apartments. The 1920 property has a vinyl-sided exterior, flat roof, laminate and vinyl flooring, and forced-air heating powered by natural gas. Each apartment includes its own utility metering, while public water and public sewer serve the building.
The property occupies 0.04 acres in Albany, with access to local transit and proximity to UAlbany, St. Peter's Health, downtown state offices, and local dining. The layout includes six bedrooms and two bathrooms across the two residences, providing a clear residential income configuration for an investor or an owner-occupant.
The property occupies 0.04 acres in Albany, with access to local transit and proximity to UAlbany, St. Peter's Health, downtown state offices, and local dining. The layout includes six bedrooms and two bathrooms across the two residences, providing a clear residential income configuration for an investor or an owner-occupant.
Key Highlights
- Two updated apartments within a 2,070‑square‑foot duplex
- Six bedrooms and two bathrooms across the property
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,900
$422.9K
Cap Rate 7%
$302,071
$302.1K
Cap Rate 9%
$234,944
$234.9K
Market Conditions
NOI Build-Up for 2,070 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $23,574 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$302.1K
$264.3K – $352.4K
NOI $21,145 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$546.1K
$477.9K – $637.2K
NOI $38,229 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed apartments offer separate utilities, public services, and a low-maintenance vinyl-sided exterior.
Where is this duplex located?
The property is located at 762 Clinton Avenue 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 updated apartments within a 2,070‑square‑foot duplex; Six bedrooms and two bathrooms across the property; Separate utilities for the two residences
