2-Unit Duplex with Six-Bedroom Upper
For Sale
Under Contract
$339,900
81 N Allen Street, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,166 SF
Lot Size0.09 Acres
Price / SF$156.93
Days on Market85
Property Features for 81 N Allen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
Basement
Unfinished, Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Head west on Washington Avenue. Continue for about 2 miles. Turn right onto North Allen Street. Continue about 0.2 miles. 81 N. Allen Street will be on your left, between Western Avenue and Washington Avenue, near Lancaster Street.
Standard status
Active Under Contract
APN
010100 64.51-3-63
Size
2,166 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
9620
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Radiant, Hot Water(Heating)
Water source
Public
Amenities
laundry room
backyard
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Hardwood, Vinyl, Laminate, Tile - Ceramic
Building materials
Block
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Jeury Lugo · License #10401347643
(518) 335-1032
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 30 at 10:06AM
MLS# 202623558
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 2,166-square-foot duplex contains two residences on a 0.09-acre parcel. The first-floor apartment has two bedrooms, an eat-in kitchen with a center island, and an updated bathroom with travertine tile; it is occupied by student renters. Upstairs, a vacant two-level apartment provides four bedrooms, a den, an eat-in kitchen, a full bath, and storage. Wood, hardwood, vinyl, laminate, and ceramic tile flooring are reported across the property. A basement laundry room has washer and dryer hookups, and the yard includes a porch.
Built in 1900, the building has block construction, natural gas radiant and hot-water heating, an asphalt roof, and public water and sewer. The property is in Albany, with colleges and universities, hospitals, restaurants, shopping, parks, and downtown described as a short drive away.
Built in 1900, the building has block construction, natural gas radiant and hot-water heating, an asphalt roof, and public water and sewer. The property is in Albany, with colleges and universities, hospitals, restaurants, shopping, parks, and downtown described as a short drive away.
Key Highlights
- 2,166‑square‑foot duplex on a 0.09‑acre parcel
- First‑floor two‑bedroom apartment occupied by student renters
- Vacant upper apartment spans two floors and includes four bedrooms and a den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,667
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,340
$493.3K
Cap Rate 7%
$352,386
$352.4K
Cap Rate 9%
$274,078
$274.1K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$35.2K $16.27/SF
− OpEx
−$10.6K −$4.88/SF
NOI
$24.7K $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%
$493,340
Cap Rate 7%
$352,386
Cap Rate 9%
$274,078
Alternative Uses
Best Use
Multifamily LT 5
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$571.5K
$500.0K – $666.7K
NOI $40,002 @ 7.0% cap · market cap 11.77%
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
1,041
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 - The upper residence is vacant and arranged across two floors with four bedrooms and a den.
Where is this duplex located?
The property is located at 81 N Allen Street Albany, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,166‑square‑foot duplex on a 0.09‑acre parcel; First‑floor two‑bedroom apartment occupied by student renters; Vacant upper apartment spans two floors and includes four bedrooms and a den
