211 Quail St · Albany, NY 12203

$259,900

6 bd · 2.0 ba · 2,378 sqft · MultiFamily public records · 62 Days on market

Built 1899 1,742 sqft lot $109/sqft · 42% below area Est $449k · 42% under

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Why this score? — see what drove the B+ 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
• Livability +4.0/5.0
• Schools +3.2/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Classic multifamily offering in desirable area with strong rental history & separate utilities. Two generously sized units with a total of 6 bedrooms and 2 full bathrooms combining original character with practical layouts. Each unit offers large living areas, separate dining rooms, hardwood floors, and spacious bedrooms. Recent updates include renovated kitchens with stainless steel appliances, updated bathrooms, and fresh finishes throughout, while still maintaining the charm and warmth of a classic Albany property. Conveniently located near downtown Albany, hospitals, colleges, bus routes, highways, restaurants, and neighborhood amenities, this property is ideal for owner-occupants looking to offset expenses with rental income or investors seeking a solid multifamily asset in a high-demand rental area. Quail Street sits within Albany's desirable Pine Hills neighborhood, known for its walkability, rental demand, and proximity to local conveniences. A great opportunity to own a classic Albany multifamily with strong upside and long-term value. See P&L.

Key facts

• Separate utilities
• Renovated kitchens
• Large living areas

Tags

• STRONG RENTAL HISTORY
• SEPARATE UTILITIES
• LARGE LIVING AREAS
• SEPARATE DINING ROOMS
• HARDWOOD FLOORS
• RENOVATED KITCHENS

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $260k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $260k).
• Recommended offer: $244k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 5.7% 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: Rents rising (+1.9%/yr); 124 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
• At $3,888/mo this rent would consume 56% of the median local household income ($83k/yr) (locally 1704% of renters already pay >50% of income on rent) — 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 $2k of loan paydown is wiped out by about $8k 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 + 1.9% rent growth), your $73k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($244k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 21y ago; this cycle's ask has dropped $40k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $168k; list at $260k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1899 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $244,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1899 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.50% ✓
• Cap rate: 11.16%
• Cash-on-cash: 17.40%
• DSCR: 1.77
• GRM: 5.6

CMA / ARV

• ARV (median comp): $449,140
• List price: $259,900
• Delta: -42.13%
• 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
189-B Quail St	0.06mi	6/2.0	2,512 (+6%)	3mo	$185,000	$74	86
380-382 Morris St	0.30mi	6/2.0	2,344 (-1%)	3mo	$300,000	$128	81
459 Hudson Ave	0.05mi	6/2.0	2,584 (+9%)	3mo	$235,000	$91	80
24 Kent St	0.36mi	6/2.0	2,364 (-1%)	4mo	$210,000	$89	79
466 Hudson Ave	0.08mi	6/2.0	2,712 (+14%)	3mo	$235,000	$87	70
534 1st St	0.54mi	6/2.0	2,464 (+4%)	0mo	$175,000	$71	69
558 Washington Ave	0.21mi	7/3.0 (+1)	2,562 (+8%)	3mo	$325,000	$127	66
538 Myrtle Ave	0.36mi	5/5.0 (-1)	2,216 (-7%)	2mo	$410,000	$185	53
113 S Lake Ave	0.33mi	5/4.5 (-1)	2,608 (+10%)	4mo	$525,000	$201	50
676 Providence St	0.56mi	5/2.0 (-1)	2,118 (-11%)	2mo	$250,000	$118	49
351 2nd St	0.69mi	6/2.0	2,056 (-14%)	3mo	$184,002	$89	42
337 3rd St	0.75mi	6/2.0	2,058 (-14%)	1mo	$160,000	$78	42

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 · 1.85% rent growth · sell at horizon

5-year hold

• IRR: 7.4%
• Equity multiple: 1.29×
• Total profit: $20,823
• Equity at exit: $38,752

10-year hold

• IRR: 15.7%
• Equity multiple: 2.20×
• Total profit: $87,607
• Equity at exit: $22,471

Cash invested: $72,772 (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

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12203

• Home prices YoY: -31.0%
• Rents YoY: 1.9%
• Active inventory: 124
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $3,888 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$545 /mo · $6,544/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$816
• Net cashflow: $1,055

Break-even live

Break-even rent $2,553

Max offer price $259,900

Occupancy floor 68%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,888
Total (2 units)			$3,888

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
69 Winthrop Ave Albany, NY	6.0	2.0	2800	$2,795	$1.00	23d	1	1.05mi

Listing history 50 events

1. 2026-06-18
   days on market $259,900 Active 62 DOM
2. 2026-06-17
   days on market $259,900 Active 61 DOM
3. 2026-06-16
   days on market $259,900 Active 60 DOM
4. 2026-06-15
   days on market $259,900 Active 59 DOM
5. 2026-06-14
   days on market $259,900 Active 57 DOM
6. 2026-06-10
   days on market $259,900 Active 54 DOM
7. 2026-06-08
   days on market $259,900 Active 52 DOM
8. 2026-06-07
   days on market $259,900 Active 51 DOM
9. 2026-06-03
   pricedays on market $259,900 Active 47 DOM
10. 2026-06-02
    days on market $279,900 Active 46 DOM
11. 2026-06-01
    days on market $279,900 Active 45 DOM
12. 2026-05-31
    days on market $279,900 Active 44 DOM
13. 2026-05-31
    days on market $279,900 Active 43 DOM
14. 2026-05-06
    price $279,900 1088-char remark

    Show marketing remark (1088 chars)

    Classic multifamily offering in desirable area with strong rental history & separate utilities. Two generously sized units with a total of 6 bedrooms and 2 full bathrooms combining original character with practical layouts. Each unit offers large living areas, separate dining rooms, hardwood floors, and spacious bedrooms. Recent updates include renovated kitchens with stainless steel appliances, updated bathrooms, and fresh finishes throughout, while still maintaining the charm and warmth of a classic Albany property. Conveniently located near downtown Albany, hospitals, colleges, bus routes, highways, restaurants, and neighborhood amenities, this property is ideal for owner-occupants looking to offset expenses with rental income or investors seeking a solid multifamily asset in a high-demand rental area. Quail Street sits within Albany's desirable Pine Hills neighborhood, known for its walkability, rental demand, and proximity to local conveniences. A great opportunity to own a classic Albany multifamily with strong upside and long-term value. See P&L.

15. 2026-04-17
    listed $299,900 Active 1088-char remark

    Show marketing remark (1088 chars)

    Classic multifamily offering in desirable area with strong rental history & separate utilities. Two generously sized units with a total of 6 bedrooms and 2 full bathrooms combining original character with practical layouts. Each unit offers large living areas, separate dining rooms, hardwood floors, and spacious bedrooms. Recent updates include renovated kitchens with stainless steel appliances, updated bathrooms, and fresh finishes throughout, while still maintaining the charm and warmth of a classic Albany property. Conveniently located near downtown Albany, hospitals, colleges, bus routes, highways, restaurants, and neighborhood amenities, this property is ideal for owner-occupants looking to offset expenses with rental income or investors seeking a solid multifamily asset in a high-demand rental area. Quail Street sits within Albany's desirable Pine Hills neighborhood, known for its walkability, rental demand, and proximity to local conveniences. A great opportunity to own a classic Albany multifamily with strong upside and long-term value. See P&L.

16. 2024-11-12
    historical $1,350
17. 2024-11-08
    listed $1,350
18. 2024-11-04
    historical $1,350
19. 2024-11-02
    listed $1,350
20. 2024-10-23
    historical $1,550
21. 2024-10-11
    listed $1,550
22. 2018-09-21
    soldstatus $168,500 Closed (Final Sale) 172-char remark

    Show marketing remark (172 chars)

    Great Rental area between St Rose & SUNY Albany, downtown campus. Always rented - looks much better on the inside than the outside. Excellent rents. Very Good Condition

23. 2018-03-12
    status Pend (Under Cntr) 172-char remark

    Show marketing remark (172 chars)

    Great Rental area between St Rose & SUNY Albany, downtown campus. Always rented - looks much better on the inside than the outside. Excellent rents. Very Good Condition

24. 2018-02-07
    price $174,900 172-char remark

    Show marketing remark (172 chars)

    Great Rental area between St Rose & SUNY Albany, downtown campus. Always rented - looks much better on the inside than the outside. Excellent rents. Very Good Condition

25. 2018-01-02
    listed $180,000 New 172-char remark

    Show marketing remark (172 chars)

    Great Rental area between St Rose & SUNY Albany, downtown campus. Always rented - looks much better on the inside than the outside. Excellent rents. Very Good Condition

26. 2018-01-01
    historical
27. 2017-06-22
    price $180,000
28. 2017-01-03
    listed $230,000 New
29. 2017-01-01
    historical
30. 2016-01-04
    listed $205,000 New
31. 2016-01-01
    historical
32. 2015-11-21
    price $205,000
33. 2015-11-21
    status Active
34. 2015-11-16
    historical
35. 2015-09-10
    listed $220,000 Active
36. 2014-12-31
    historical
37. 2014-01-02
    listed $220,000
38. 2014-01-02
    historical
39. 2013-01-02
    listed $230,000
40. 2012-12-31
    historical
41. 2011-06-02
    listed $230,000
42. 2008-07-09
    soldstatus $172,000
43. 2008-05-03
    soldstatus $172,000
44. 2008-04-29
    historical
45. 2007-11-15
    listed $179,900
46. 2006-03-10
    soldstatus $138,500
47. 2006-02-03
    soldstatus $138,298
48. 2005-12-30
    historical
49. 2005-11-11
    listed $139,900
50. 2002-04-12
    soldstatus $93,000

ⓘ 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: $6,544 · $545/mo
• Projected year-2 tax: $6,544 · $545/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 16 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

Taxation est. · year 1

• Rental income: $46,656
• − Mortgage interest: −$14,558
• − Property taxes: −$6,544
• − Insurance: −$1,300
• − Repairs & maintenance: −$3,732
• − Management: −$3,732
• − Depreciation: −$7,561
• Taxable income: $9,229
• Est. tax owed @ 24.0%: −$2,215
• After-tax cash flow: $10,445/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.

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

Amenities A+ Commute A+ Cost of living C+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albany, NY
• County: Albany County · 196,626 people
• City population: 116,921
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 30,771
• Household income: $83,147
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 1704.0

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: Predominantly White (69%)
• Race & ethnicity: White 69% Black 10% Asian 8% Hispanic / Latino 7% Two or more races 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 16% · Canada, China, South Korea
• Languages at home: 82% English-only · Other Indo-European 6% Spanish 3% Russian/Polish/Slavic 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: ▼ -133.05%
• Current HPI: 296.0467
• Rent YoY: ▲ 1.85%
• Metro: Albany-Schenectady-Troy, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+201.0% since first listed

37 events — show timeline

• 2026-05-06 Price Changed $279,900 Global MLS
• 2026-04-17 Listed $299,900 Global MLS
• 2024-11-12 Rental Removed $1,350 LEASESTAR
• 2024-11-08 Listed for Rent $1,350 LEASESTAR
• 2024-11-04 Rental Removed $1,350 LEASESTAR
• 2024-11-02 Listed for Rent $1,350 LEASESTAR
• 2024-10-23 Rental Removed $1,550 LEASESTAR
• 2024-10-11 Listed for Rent $1,550 LEASESTAR
• 2018-09-21 Sold (MLS) $168,500 Global MLS
• 2018-03-12 Pending — Global MLS
• 2018-02-07 Price Changed $174,900 Global MLS
• 2018-01-02 Listed $180,000 Global MLS
• 2018-01-01 Listing Removed — Global MLS
• 2017-06-22 Price Changed $180,000 Global MLS
• 2017-01-03 Listed $230,000 Global MLS
• 2017-01-01 Listing Removed — Global MLS
• 2016-01-04 Listed $205,000 Global MLS
• 2016-01-01 Listing Removed — Global MLS
• 2015-11-21 Price Changed $205,000 Global MLS
• 2015-11-21 Relisted — Global MLS
• 2015-11-16 Listing Removed — Global MLS
• 2015-09-10 Listed $220,000 Global MLS
• 2014-12-31 Listing Removed — Global MLS
• 2014-01-02 Listing Removed — Global MLS
• 2014-01-02 Listed $220,000 Global MLS
• 2013-01-02 Listed $230,000 Global MLS
• 2012-12-31 Listing Removed — Global MLS
• 2011-06-02 Listed $230,000 Global MLS
• 2008-07-09 Sold (Public Records) $172,000 Public Records
• 2008-05-03 Sold (MLS) $172,000 Global MLS
• 2008-04-29 Listing Removed — Global MLS
• 2007-11-15 Listed $179,900 Global MLS
• 2006-03-10 Sold (Public Records) $138,500 Public Records
• 2006-02-03 Sold (MLS) $138,298 Global MLS
• 2005-12-30 Listing Removed — Global MLS
• 2005-11-11 Listed $139,900 Global MLS
• 2002-04-12 Sold (Public Records) $93,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $6,544 · -0.7% YoY. Source: county tax records.