Fourplex
138 Lancaster St · Albany, NY
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 4/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 3/10 · Minor
- Chance of severe wind over 30 yrs
- 6.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +4.5/10.0
- Livability +4.0/5.0
- Rent growth +2.5/5.0
- Condition / age +2.2/5.0
- Appreciation +2.0/10.0
$435,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed
Listing remarks MLS
Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.
Key facts
- 2,178 sq ft lot
- Built 1861
- Listed 128 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4 × 2-bed/1-bath units multifamily listed at $435k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $4k ($46k/yr) — positive. Per door: $950/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($9k rent vs $435k).
- Recommended offer: $383k (12.0% below list) — sets the bar for market timing.
- Cap rate 16.8% vs local median 6.0% in Albany — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 79/100 on livability (#129 in NY, #2,083 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: employment C-, crime F.
- Albany City School District (urban): math 37% / reading 40% proficiency, ranked #543 of 590 in NY (top 92%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: 91 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
- At $2,200/mo per unit this rent would consume 47% of the median local household income ($56k/yr) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
- Albany County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $122k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 129 days — a 12% lower offer ($383k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $367k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1861 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1861 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 2.02% ✓
- Cap rate
- 16.77%
- Cash-on-cash
- 37.42%
- DSCR
- 2.67
- GRM
- 4.1
CMA / ARV
- ARV (median comp)
- $576,657
- List price
- $435,000
- Delta
- -24.57%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 151 Jefferson St | 0.22mi | 4/3.0 | 2,492 (-1%) | 2mo | $380,000 | $152 | 87 |
| 285.5 Hudson Ave | 0.07mi | 4/4.0 | 2,478 (-1%) | 6mo | $430,000 | $174 | 86 |
| 208 Elm St | 0.28mi | 4/3.0 | 2,508 (-0%) | 5mo | $420,000 | $167 | 83 |
| 82 Dove St | 0.11mi | 5/4.0 (+1) | 2,688 (+7%) | 0mo | $455,000 | $169 | 74 |
| 184 Elm St | 0.28mi | 4/2.0 | 2,394 (-5%) | 9mo | $375,000 | $157 | 68 |
| 369 Madison Ave | 0.18mi | 3/2.0 (-1) | 2,280 (-9%) | 5mo | $230,000 | $101 | 63 |
| 321 Washington Ave | 0.52mi | 3/3.0 (-1) | 2,376 (-5%) | 2mo | $350,000 | $147 | 60 |
| 211 Clinton Ave | 0.47mi | 5/3.0 (+1) | 2,640 (+5%) | 6mo | $250,000 | $95 | 60 |
| 149 Dove St | 0.35mi | 4/3.5 | 2,200 (-12%) | 2mo | $350,000 | $159 | 59 |
| 193 Livingston Ave | 0.72mi | 4/2.0 | 2,244 (-11%) | 3mo | $194,000 | $86 | 42 |
| 221 Livingston Ave | 0.72mi | 5/2.0 (+1) | 2,665 (+6%) | 8mo | $124,900 | $47 | 40 |
| 274 Livingston Ave | 0.74mi | 5/2.0 (+1) | 2,800 (+12%) | 1mo | $298,700 | $107 | 37 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 33.4%
- Equity multiple
- 2.41×
- Total profit
- $171,653
- Equity at exit
- $64,860
- IRR
- 40.4%
- Equity multiple
- 4.79×
- Total profit
- $461,888
- Equity at exit
- $37,611
Cash invested: $121,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 15 Strongly Tenant-Friendly
- State New York
- 15 Strongly Tenant-Friendly · D+10
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 7 active · 13 under contract
- Months of supply
- 2.5 mo (40%/mo absorbed)
- Median asking
- $245,000 ($115/sqft)
- Median days on market
- 42 d
- This list price
- 100% of active listings are priced below it
- ARV vs active asking
- +99.1% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 12210
- Home prices YoY
- -2.3%
- Active inventory
- 91
- Price-to-rent
- 16.5×
Monthly cashflow live
- Estimated rent
- $8,800 high interval (Pro) →
- Mortgage (P&I)
- −$2,281
- Tax from tax record
- −$691 /mo · $8,295/yr
- Insurance
- −$181
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,848
- Net cashflow
- $3,798
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 4× units | 2 | 1 | $8,800 |
| #1 | 2 | 1 | $2,200 |
| #2 | 2 | 1 | $2,200 |
| #3 | 2 | 1 | $2,200 |
| #4 | 2 | 1 | $2,200 |
| Total (4 units) | $8,800 | ||
Break-even live
Sensitivity live
| Price | -10% $4,045 | -5% $3,921 | +0% $3,798 | +5% $3,675 | +10% $3,552 |
|---|---|---|---|---|---|
| Rent | -10% $3,103 | -5% $3,451 | +0% $3,798 | +5% $4,146 | +10% $4,494 |
| Rate | -1.0pp $4,017 | -0.5pp $3,909 | base $3,798 | +0.5pp $3,686 | +1.0pp $3,571 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $108,750
- Closing costs
- $13,050
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 154 Lancaster St Unit 1 Albany, NY | 2.0 | 1.5 | 1500 | $2,200 | $1.47 | 72d | 1 | 0.05mi |
| 366 Hamilton St #2 Albany, NY | 1.0 | 1.0 | 1400 | $1,695 | $1.21 | 16d | 1 | 0.19mi |
| 148 S Swan St Unit 1 Albany, NY | 2.0 | 1.0 | 1536 | $2,500 | $1.63 | 16d | 1 | 0.19mi |
| 227 Jay St Albany, NY | 2.0 | 2.0 | 1710 | $2,150 | $1.26 | 93d | 1 | 0.20mi |
| 346 Madison Ave Albany, NY | 3.0 | 2.0 | 1500 | $2,495 | $1.66 | 72d | 1 | 0.22mi |
| 346 Madison Ave Unit 3 Albany, NY | 3.0 | 2.0 | 1110 | $2,725 | $2.45 | 93d | 1 | 0.22mi |
| 364 Madison Ave Albany, NY | 2.0 | 2.0 | 1150 | $1,850 | $1.61 | 70d | 1 | 0.22mi |
| 352 State St Albany, NY | 2.0 | 2.0 | 1143 | $2,195 | $1.92 | 16d | 1 | 0.23mi |
| 409 Madison Ave Albany, NY | 2.0 | 2.0 | 1050 | $1,994 | $1.90 | 16d | 1 | 0.26mi |
| 292 Lark St Albany, NY | 2.0 | 1.0 | 1100 | $1,500 | $1.36 | 93d | 1 | 0.26mi |
| 38 Willett St Unit 2 Albany, NY | 3.0 | 3.0 | 1200 | $2,200 | $1.83 | 16d | 1 | 0.27mi |
| 88 Willett St Albany, NY | 3.0 | 1.0 | 850 | $1,772 | $2.08 | 16d | 10 | 0.31mi |
| 240 Washington Ave Albany, NY | 2.0 | 2.0 | 1560 | $2,450 | $1.57 | 93d | 1 | 0.33mi |
| 254 Sheridan Ave Albany, NY | 3.0 | 1.0 | 1558 | $1,400 | $0.90 | 16d | 1 | 0.38mi |
| 201 Park Ave Unit 10 Albany, NY | 3.0 | 2.0 | 1600 | $2,100 | $1.31 | 93d | 1 | 0.40mi |
| 520 Madison Ave Unit 1 Albany, NY | 3.0 | 1.0 | 1080 | $1,695 | $1.57 | 16d | 1 | 0.46mi |
| 85 Dana Ave Albany, NY | 1.0 | 1.0 | 993 | $1,850 | $1.86 | 16d | 3 | 0.49mi |
| 90 State St Albany, NY | 2.0 | 1.0–2.0 | 771 | $2,941 | $3.81 | 15d | 16 | 0.50mi |
| 164 Madison Ave Albany, NY | 2.0 | 1.0 | 1200 | $1,500 | $1.25 | 93d | 1 | 0.51mi |
| 95 Henry Johnson Blvd Albany, NY | 3.0 | 1.0 | 1320 | $2,000 | $1.52 | 16d | 1 | 0.51mi |
| 48 N Pearl St Albany, NY | 2.0 | 1.0–2.5 | 1251 | $3,500 | $2.80 | 15d | 11 | 0.51mi |
| 25 Bleecker Pl #1 Albany, NY | 2.0 | 1.0 | 1150 | $1,350 | $1.17 | 93d | 1 | 0.53mi |
| 69 2nd St Albany, NY | 2.0 | 1.0 | 1100 | $1,650 | $1.50 | 16d | 1 | 0.58mi |
| 15 Ten Broeck St Albany, NY | 2.0 | 1.5 | 1900 | $1,750 | $0.92 | 70d | 1 | 0.59mi |
| 111 Pine St Unit 4E Albany, NY | 1.0 | 1.0 | 1200 | $1,850 | $1.54 | 93d | 1 | 0.60mi |
| 33 New Scotland Ave Albany, NY | 1.0–2.0 | 1.0–2.0 | 912 | $2,785 | $3.05 | 16d | 5 | 0.62mi |
| 119 Grand St Albany, NY | 3.0 | 1.0 | 1600 | $1,300 | $0.81 | 93d | 1 | 0.62mi |
| 151 S Pearl St Albany, NY | 2.0 | 1.0 | 1748 | $1,600 | $0.92 | 16d | 1 | 0.63mi |
| 418 Sheridan Ave Albany, NY | 3.0 | 2.0 | 1200 | $1,100 | $0.92 | 16d | 1 | 0.69mi |
| 193 Livingston Ave Albany, NY | 2.0 | 1.0 | 1122 | $1,700 | $1.52 | 16d | 1 | 0.70mi |
| 282 Livingston Ave Albany, NY | 3.0 | 1.5 | 1464 | $2,400 | $1.64 | 72d | 1 | 0.72mi |
| 205 Delaware Ave Unit 2nd floor Albany, NY | 3.0 | 1.0 | 1330 | $1,700 | $1.28 | 16d | 1 | 0.79mi |
| 147 Western Ave Albany, NY | 3.0 | 1.0 | 1428 | $1,800 | $1.26 | 63d | 1 | 0.85mi |
| 152 Western Ave Unit 1 Albany, NY | 3.0 | 1.0 | 1100 | $2,000 | $1.82 | 16d | 1 | 0.86mi |
| 178 Western Ave Unit 3 Albany, NY | 3.0 | 1.0 | 1500 | $1,725 | $1.15 | 63d | 1 | 0.91mi |
| 223 Western Ave #1 Albany, NY | 3.0 | 1.0 | 1100 | $2,000 | $1.82 | 16d | 1 | 1.01mi |
| 883 Broadway Apt 103 Albany, NY | 2.0 | 1.0 | 1155 | $1,785 | $1.55 | 72d | 1 | 1.02mi |
| 690 State St Unit 1 Albany, NY | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 16d | 1 | 1.04mi |
| 546 Mercer St Unit 1 Albany, NY | 3.0 | 1.0 | 1400 | $1,800 | $1.29 | 72d | 1 | 1.07mi |
| 445 Morris St Albany, NY | 3.0 | 1.0 | 1300 | $1,905 | $1.47 | 16d | 1 | 1.09mi |
Listing history 50 events
-
2026-08-08days on market $435,000 Active 129 DOM
-
2026-08-07days on market $435,000 Active 128 DOM
-
2026-08-06days on market $435,000 Active 127 DOM
-
2026-08-05days on market $435,000 Active 126 DOM
-
2026-08-04days on market $435,000 Active 125 DOM
-
2026-08-03days on market $435,000 Active 124 DOM
-
2026-07-31days on market $435,000 Active 121 DOM
-
2026-07-29days on market $435,000 Active 119 DOM
-
2026-07-27days on market $435,000 Active 117 DOM
-
2026-07-25days on market $435,000 Active 115 DOM
-
2026-07-24days on market $435,000 Active 114 DOM
-
2026-07-23days on market $435,000 Active 113 DOM
-
2026-07-22days on market $435,000 Active 112 DOM
-
2026-07-21days on market $435,000 Active 111 DOM
-
2026-07-18days on market $435,000 Active 108 DOM
-
2026-07-16days on market $435,000 Active 106 DOM
-
2026-07-16days on market $435,000 Active 105 DOM
-
2026-07-14days on market $435,000 Active 104 DOM
-
2026-07-14days on market $435,000 Active 103 DOM
-
2026-07-12days on market $435,000 Active 102 DOM
-
2026-07-11days on market $435,000 Active 101 DOM
-
2026-07-10days on market $435,000 Active 100 DOM
-
2026-07-09days on market $435,000 Active 99 DOM
-
2026-07-07days on market $435,000 Active 97 DOM
-
2026-07-06days on market $435,000 Active 96 DOM
-
2026-07-05days on market $435,000 Active 95 DOM
-
2026-07-04days on market $435,000 Active 94 DOM
-
2026-07-03days on market $435,000 Active 93 DOM
-
2026-07-02days on market $435,000 Active 92 DOM
-
2026-07-01days on market $435,000 Active 91 DOM
-
2026-06-30days on market $435,000 Active 90 DOM
-
2026-06-29days on market $435,000 Active 89 DOM
-
2026-06-28days on market $435,000 Active 88 DOM
-
2026-06-28days on market $435,000 Active 87 DOM
-
2026-06-27days on market $435,000 Active 86 DOM
-
2026-06-25days on market $435,000 Active 84 DOM
-
2026-06-23days on market $435,000 Active 82 DOM
-
2026-06-21days on market $435,000 Active 81 DOM
-
2026-06-18days on market $435,000 Active 78 DOM
-
2026-06-17days on market $435,000 Active 77 DOM
-
2026-06-16days on market $435,000 Active 76 DOM
-
2026-06-15days on market $435,000 Active 75 DOM
-
2026-06-14days on market $435,000 Active 73 DOM
-
2026-06-10days on market $435,000 Active 70 DOM
-
2026-06-08days on market $435,000 Active 68 DOM
-
2026-06-07days on market $435,000 Active 67 DOM
-
2026-06-03days on market $435,000 Active 63 DOM
-
2026-06-02days on market $435,000 Active 62 DOM
-
2026-06-01days on market $435,000 Active 61 DOM
-
2026-05-31days on market $435,000 Active 60 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast NY · Partial reset (capped growth)
- Current annual tax
- $8,295 · $691/mo
- Projected year-2 tax
- $8,295 · $691/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 4/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
- Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
- Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $105,600
- − Mortgage interest
- −$24,367
- − Property taxes
- −$8,295
- − Insurance
- −$2,175
- − Repairs & maintenance
- −$8,448
- − Management
- −$8,448
- − Depreciation
- −$12,655
- Taxable income
- $41,213
- Est. tax owed @ 24.0%
- −$9,891
- After-tax cash flow
- $35,689/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 9 photos
This multi-family property requires moderate repairs and maintenance to improve its condition and value. Painting, updating fixtures, and landscaping can significantly enhance its appeal.
Repairs flagged
- Minor Kitchen backsplash — Worn and could benefit from a fresh coat of paint
- Minor Bathroom fixtures — Standard fixtures, could be updated for a fresh look
- Moderate Exterior paint — Some discoloration, could benefit from a fresh coat
- Minor Landscaping — Overgrowth, could be trimmed and pruned
Value-add opportunities
- Both Painting the exterior and interior — Fresh paint can improve curb appeal and interior aesthetics ↑
- Both Updating kitchen backsplash and bathroom fixtures — These updates can enhance the home's appeal and functionality ↑
- Both Landscaping and yard maintenance — A well-maintained yard can improve curb appeal and attract tenants ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Albany City School District
- NCES district ID
- 3602460
- Math proficiency
- 37% ▲ 6.00%
- Reading proficiency
- 40% ▲ 7.00%
- Median HH income
- $40,568
- Composite
- 32.34/100
- National rank
- #5744
- State rank
- #543 of 590 in NY
Livability — Albany
- Score
- 79/100
- State rank
- #129
- US rank
- #2083
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Albany, NY
- County
- Albany County · 320,794 people
- City population
- 116,921
- Metro
- Albany-Schenectady-Troy, NY
- Population (ZIP)
- 10,297
- Household income
- $55,843
- Rent vs Own
- Severe rent burden
- 12% of renters
Population outlook (Albany County) Hauer SSP2
- Today (2025)
- 320,794 people
- By 2030
- 327,401 · +2.1%
- By 2040
- 338,218 · +5.4%
- By 2050
- 348,467 · +8.6%
- By 2075
- 381,693 · +19.0%
- By 2100
- 393,809 · +22.8%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.63)
- Race & ethnicity
- White 44% Black 41% Two or more races 7% Hispanic / Latino 7% Asian 3%
- Hispanic origin (detail)
- Puerto Rican 3% Dominican 2%
- Common ancestry
- Romanian 4% Lithuanian 2% Serbian 2%
- Foreign-born
- 8% · Canada, China, Vietnam
- Languages at home
- 89% English-only · Spanish 3% French/Haitian/Cajun 2% Other Indo-European 2%
Political lean MEDSL · Albany
- 2024 margin
- Strong D (+25.8) · D 62.9% · R 37.1%
- 2008→2024 swing
- -3.6pp toward R · 2008: 29.4pp · 2024: 25.8pp
- All cycles
- 2024: D+25.8 2020: D+31.4 2016: D+24.3 2012: D+31.0 2008: D+29.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -5.92%
- Current HPI
- 252.3084
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 2.60%
- F500 in state
- 92
Industry mix (Fortune 500 HQ in NY)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 10 | $950B |
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| Consumer Goods | 9 | $162B |
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| Insurance | 4 | $225B |
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| Telecommunications | 2 | $144B |
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| Pharmaceuticals | 2 | $112B |
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| Media / Entertainment | 2 | $69B |
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Price history
+190.2% since first listed25 events — show timeline
- 2026-05-18 Price Changed $435,000 Global MLS
- 2026-04-27 Rental Removed $1,050 Avail
- 2026-04-01 Listed $450,000 Global MLS
- 2026-03-26 Listed for Rent $1,050 Avail
- 2025-09-18 Rental Removed $1,150 Avail
- 2025-08-29 Listed for Rent $1,150 Avail
- 2024-11-13 Rental Removed $1,100 Avail
- 2024-10-13 Price Changed $1,100 Avail
- 2024-08-31 Price Changed $1,150 Avail
- 2024-08-05 Listed for Rent $1,300 Avail
- 2024-07-17 Sold (Public Records) $367,000 Public Records
- 2024-06-24 Sold (MLS) $367,000 Global MLS
- 2024-05-30 Listed $369,900 Global MLS
- 2024-05-30 Listing Removed — Global MLS
- 2024-04-06 Contingent — Global MLS
- 2024-04-06 Listing Removed — Global MLS
- 2024-03-23 Listed $359,900 Global MLS
- 2004-02-13 Sold (Public Records) $202,500 Public Records
- 2004-01-16 Sold (MLS) $199,000 Global MLS
- 2003-11-26 Listing Removed — Global MLS
- 2003-11-26 Listed $199,000 Global MLS
- 2001-03-19 Sold (Public Records) $120,000 Public Records
- 2001-03-16 Sold (MLS) $120,000 Global MLS
- 2000-10-30 Listing Removed — Global MLS
- 2000-08-14 Listed $149,900 Global MLS
Property tax history
-1.1%/yrLatest (2025): $8,295 · -0.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…