Two-Unit Duplex with
New
For Sale
$369,000
87 Eileen Street, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,362 SF
Lot Size0.09 Acres
Price / SF$156.22
Days on Market2
Property Features for 87 Eileen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking
4
Parking features
Garage, Off Street, Driveway
Interior features
Ceramic Tile Bath
Basement
Full
Lot features
Level, Landscaped, Cleared
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Avenue to Eileen St, between Hawkings & Melrose.
Standard status
Active
APN
010100 64.34-1-7
Size
2,362 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6500
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
basement laundry hookups
Building Details
Year built
1925
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Howard Hanna Capital Inc
(518) 370-3170
Listed By:
William Coons · License #10301213083
(518) 605-2442
Added: Oct 29
Last Checked: Oct 30 at 7:06AM
MLS# 202629212
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 2,362-square-foot duplex dates to 1925 and contains two apartments, each with two bedrooms, a living room, formal dining room, kitchen, breakfast nook, and full bath. The first-floor apartment has an updated kitchen and bathroom, hardwood flooring, and tile. The upper apartment has hardwood beneath carpeting, with tile in the kitchen and bathroom. Heating and water heaters are gas-fired; basement laundry hookups are present. The property also includes a one-car garage and a semi-private backyard on a 0.09-acre lot.
The property is near Route 85 and the New York State Office Campus. It is served by public water and public sewer and has off-street parking and a driveway. The sale is as-is, and inspections are for informational purposes only. Asbestos-containing insulation is present on basement piping and appears intact; the roof’s age is unknown, with no known leaks.
The property is near Route 85 and the New York State Office Campus. It is served by public water and public sewer and has off-street parking and a driveway. The sale is as-is, and inspections are for informational purposes only. Asbestos-containing insulation is present on basement piping and appears intact; the roof’s age is unknown, with no known leaks.
Key Highlights
- Two apartments, each with two bedrooms and a full bath
- 2,362 square feet on a 0.09‑acre lot
- First‑floor unit features updated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,899
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,980
$538.0K
Cap Rate 7%
$384,271
$384.3K
Cap Rate 9%
$298,878
$298.9K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$41.1K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$38.4K $16.27/SF
− OpEx
−$11.5K −$4.88/SF
NOI
$26.9K $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%
$537,980
Cap Rate 7%
$384,271
Cap Rate 9%
$298,878
Alternative Uses
Best Use
Multifamily LT 5
$384.3K
$336.2K – $448.3K
NOI $26,899 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,127 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$623.2K
$545.3K – $727.0K
NOI $43,621 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
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 - Both apartments offer two bedrooms, a living room, formal dining area, kitchen, breakfast nook, and full bath.
Where is this duplex located?
The property is located at 87 Eileen Street Albany, NY.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and a full bath; 2,362 square feet on a 0.09‑acre lot; First‑floor unit features updated kitchen and bathroom
