Six-Bedroom Duplex with
For Sale
$369,500
Pending
816 Park Avenue, Albany, NY 12208
MultiFamily, Albany, NY
Property Size2,472 SF
Lot Size0.10 Acres
Days on Market69
Property Features for 816 Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Parking
1
Parking features
Driveway
Basement
Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
South Main to Park
Standard status
Pending
APN
010100 64.67-3-44
Size
2,472 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7433
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Brokers Network
(518) 470-4877
Listed By:
Dun Zhuo Zheng · License #10401235201
(518) 292-8817
Added: Aug 10
Changed: Oct 14
Last Checked: Oct 17 at 11:06PM
MLS# 202623671
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 1920-built duplex contains 2,472 square feet across two residences, each with three bedrooms, a living room, a formal dining room, and a large kitchen. Hardwood flooring, vinyl siding, natural gas hot-water heat, and an asphalt roof are among the property’s features. A full basement and third-floor storage provide additional space. The parcel measures 0.1 acres and has driveway parking, public water, and public sewer.
Key Highlights
- Two residences with three bedrooms apiece
- 2,472 square feet on a 0.1‑acre lot
- Full basement and third‑floor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$43.0K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$40.2K $16.27/SF
− OpEx
−$12.1K −$4.88/SF
NOI
$28.2K $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%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$360.7K
$315.6K – $420.9K
NOI $25,251 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$652.2K
$570.7K – $760.9K
NOI $45,653 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature formal dining rooms, living rooms, and spacious kitchens.
Where is this duplex located?
The property is located at 816 Park Avenue Albany, NY.
What is the asking price?
The asking price for this property is $369,500.
What are key features of this property?
This property features: Two residences with three bedrooms apiece; 2,472 square feet on a 0.1‑acre lot; Full basement and third‑floor storage
