Duplex with Private
New
For Sale
$350,000
831 Washington Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,368 SF
Lot Size0.07 Acres
Price / SF$147.80
Days on Market3
Property Features for 831 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5
Patio and Porch features
Porch
Interior features
Paddle Fan, Built-in Features
Fencing
Fenced
Basement
Full
Lot features
Level
Elementary school
Pine Hills
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Ave between N Allen and N Main
Standard status
Active
APN
010100 64.44-1-40
Size
2,368 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6724
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1930
Number of units
2
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Coty L Demers · License #10301223940
(518) 526-5265
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 9:06PM
MLS# 202628916
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 2,368-square-foot duplex in Albany contains two residences, with the first-floor unit occupied and the larger second-floor unit vacant. The upper residence has a front balcony and a private balcony at the rear. Hardwood and laminate flooring are present, and the second-floor bathroom has been renovated. The property also includes a fenced yard, basement, and walk-up attic.
Built in 1930, the home has vinyl siding and hot water heating. Public water and sewer serve the property. Shops, restaurants, and public transportation are nearby.
Built in 1930, the home has vinyl siding and hot water heating. Public water and sewer serve the property. Shops, restaurants, and public transportation are nearby.
Key Highlights
- 2,368‑square‑foot duplex on a 0.07‑acre lot
- Two residences; first‑floor unit is occupied and second‑floor unit is vacant
- Upper unit includes front and rear private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,967
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,340
$539.3K
Cap Rate 7%
$385,243
$385.2K
Cap Rate 9%
$299,633
$299.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$41.2K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$38.5K $16.27/SF
− OpEx
−$11.6K −$4.88/SF
NOI
$27.0K $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%
$539,340
Cap Rate 7%
$385,243
Cap Rate 9%
$299,633
Alternative Uses
Best Use
Multifamily LT 5
$385.2K
$337.1K – $449.5K
NOI $26,967 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$345.6K
$302.4K – $403.2K
NOI $24,189 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$624.7K
$546.7K – $728.9K
NOI $43,732 @ 7.0% cap · market cap 12.49%
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
1,137
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other is occupied, offering a clear distinction between the two units.
Where is this duplex located?
The property is located at 831 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,368‑square‑foot duplex on a 0.07‑acre lot; Two residences; first‑floor unit is occupied and second‑floor unit is vacant; Upper unit includes front and rear private balconies
