Updated Two-Unit
For Sale
$249,900
Pending
762 Clinton Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,070 SF
Lot Size0.04 Acres
Days on Market54
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, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
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
Pending
APN
010100 65.37-2-35
Size
2,070 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3359
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
Vinyl, Laminate
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: Oct 8
Last Checked: Oct 16 at 10:06AM
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.
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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 / 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
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
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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
