Two-Unit Duplex with
For Sale
$259,000
Pending
8 Delaware Terrace, Albany, NY 12209
MultiFamily, Albany, NY
Property Size2,056 SF
Lot Size0.07 Acres
Days on Market59
Property Features for 8 Delaware Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Patio and Porch features
Porch
Exterior features
Garden
Basement
Full
Lot features
Level
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
From downtown Albany, Lark St continuing on Delaware Ave toward Delmar. Delaware Terr is on the right hand side.
Standard status
Pending
APN
010100 76.46-3-53
Size
2,056 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4991
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Tile - Ceramic
Building materials
Aluminum Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Re Max Capital · RE/MAX International
(518) 724-6800
Listed By:
Carmen Rau · License #10401282342
(518) 810-9403
Added: Aug 8
Changed: Sep 12
Last Checked: Oct 5 at 2:06PM
MLS# 202623608
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-family duplex contains 2,056 square feet and was built in 1900. The layout provides three bedrooms on each floor, with three bathrooms overall. Interior finishes include wood and ceramic tile flooring, while aluminum siding, a rubber roof, and a porch complete the improvements. Natural gas hot-water heating serves the property, and the lot measures 0.07 acres.
The property is currently owner occupied, with the second floor vacant and available for showing. It is located a few blocks from downtown Albany, hospitals, and schools. Public water and public sewer are in place, and the property is zoned Multi Residence.
The property is currently owner occupied, with the second floor vacant and available for showing. It is located a few blocks from downtown Albany, hospitals, and schools. Public water and public sewer are in place, and the property is zoned Multi Residence.
Key Highlights
- Two‑family duplex with three bedrooms on each floor
- 2,056 square feet on a 0.07‑acre lot
- Three bathrooms overall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,414
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,280
$468.3K
Cap Rate 7%
$334,486
$334.5K
Cap Rate 9%
$260,156
$260.2K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$35.8K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$33.4K $16.27/SF
− OpEx
−$10.0K −$4.88/SF
NOI
$23.4K $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%
$468,280
Cap Rate 7%
$334,486
Cap Rate 9%
$260,156
Alternative Uses
Best Use
Multifamily LT 5
$334.5K
$292.7K – $390.2K
NOI $23,414 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $21,002 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,970 @ 7.0% cap · market cap 14.66%
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
2,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-family property with multi-residence zoning, public utilities, and a classic porch entry.
Where is this duplex located?
The property is located at 8 Delaware Terrace Albany, NY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑family duplex with three bedrooms on each floor; 2,056 square feet on a 0.07‑acre lot; Three bathrooms overall
