$315,000
26 Daytona Ave, Albany, New York 12203, United States
Income-producing duplex with updated interiors and off-street parking
4
Beds
2
Baths
1,445
Sq Ft
1947
Built
0.11 acres
Lot
This brick duplex on Daytona Avenue delivers a clear blend of solid bones and contemporary updates — and it's positioned for steady rental demand a short walk from the University at Albany. Built in 1947 and thoughtfully maintained, 26 Daytona Ave offers two mirror units (each with 2 bedrooms and 1 bath) across 1,445 finished square feet. Hardwood floors and updated interiors in both units give the property an inviting, upbeat character while minimizing near-term maintenance for a new owner.
During a walk-through you notice practical systems: 200+ amp electrical service, natural gas hot-water baseboard heat, window air conditioning, and an asphalt roof — details that support comfortable, year-round tenancy. The full basement, accessible from interior and exterior points, opens possibilities for storage, laundry, or future value-add improvements. Off-street parking is handled with a paved driveway that accommodates two vehicles — a rare convenience in this pocket of the University District.
Location is an asset here. The property sits roughly 0.5 miles from the University at Albany, a steady source of renters and lease turnover. Shopping and services are close by too: Stuyvesant Plaza is about 1.2 miles away, Crossgates Mall 2.5 miles, and Washington Park about 2.0 miles — all within a short drive and some within bicycle range. Zoned R-2 for two-family residential use, this duplex works well for an investor seeking predictable cash flow or an owner-occupant who wants to offset housing costs by leasing the second unit.
Current tenancy produces immediate income: the units bring in established rents (unit rents shown in records), giving an estimated gross monthly rental of about $2,700 and a gross rental yield around 10.3%. Recent comparable sales in the neighborhood support a valuation range of $300,000–$330,000, and the property is competitively priced at $315,000. Buyers should verify roof and mechanical conditions, review leases and tenant history, and confirm lot boundaries as part of standard due diligence. With updated interiors, a strategic location, and strong local rental demand, 26 Daytona Ave is positioned as a pragmatic, income-ready opportunity in the University District.
The University District blends established residential blocks with academic energy and convenient retail. Residents enjoy short trips to the University at Albany, easy access to Stuyvesant Plaza for groceries and restaurants, and larger shopping at Crossgates Mall. Tree-lined streets and neighborhood parks create a practical, community-oriented environment that appeals to students, faculty, and long-term renters. With steady rental demand and quick turnover for well-maintained units, this pocket of Albany offers both lifestyle convenience and investment resiliency.
The University District around Daytona Avenue is operating as a clear seller's market right now. Inventory is tight — roughly 1.5 months of supply — and homes in this corridor average about 11 days on market, which favors sellers and investors who price competitively. Median sale prices in the area sit near $312,000 with year-over-year appreciation of about 5% and roughly 15% over five years, signaling steady, long-term upward pressure. Recent comparable sales within a half-mile span from $275K to $365K underscore active pricing movement and buyer interest.
Multi-family properties in this micro-market perform especially well because of the proximity to the University at Albany and supporting tenants (students, staff, and young professionals). Lease comparables and present in-place rents indicate low vacancy and healthy rent-per-square-foot figures; the property’s current gross rental yield (~10.3%) and estimated monthly income (~$2,700) make this duplex attractive for investors seeking immediate cash flow. Given limited inventory and persistent demand, now is a favorable time to consider acquiring an income property here, provided buyers complete standard inspections and thoroughly review existing leases.
Eagle Point Elementary School
Elementary
William S Hackett Middle School
Middle
Albany High School
High
Very good access to parks and shopping: Washington Park (~2.0 miles), nearby neighborhood green spaces, Stuyvesant Plaza (1.2 miles) and Crossgates Mall (2.5 miles) for recreation and errands.
26 Daytona Avenue is a 4-bedroom, 2-bathroom duplex built in 1947, offering 1,445 square feet of living space on a 0.11-acre lot in Albany's University District. Each unit features 2 bedrooms and 1 bathroom, with hardwood floors and updated interiors, providing bright and comfortable living spaces. The property includes a paved driveway with off-street parking for two vehicles and a full basement accessible from both the interior and exterior.
From a valuation perspective, comparable sales in the area suggest a current fair market value of $300,000–$330,000, with a midpoint estimate of $315,000 ($218/SF). The property was last sold in 2014 for $160,000, indicating significant appreciation over the past decade. The current assessed value of $204,000 appears below market, which is common in rapidly appreciating neighborhoods.
The University District is a desirable area with strong rental demand, primarily due to its proximity to the University at Albany (0.5 miles) and major shopping centers like Stuyvesant Plaza (1.2 miles) and Crossgates Mall (2.5 miles). The neighborhood offers a mix of residential and educational uses, with nearby parks and recreational areas enhancing its appeal. The area has a Walkability Rating estimate of 60/100, indicating moderate walkability.
Overall, this property represents a solid investment opportunity in a strong location with updated interiors that reduce near-term maintenance risk. The duplex configuration provides flexibility for owner-occupants to live in one unit while renting the other or for investors seeking a reliable income-producing property. Key due diligence items include verifying the condition of the roof and mechanical systems, confirming any zoning restrictions, and reviewing current lease agreements.
Well-maintained duplex in a high-demand rental area near University at Albany. Updated interiors and strong market conditions suggest solid investment potential with minimal immediate maintenance needs.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$300K
Midpoint
$315K
High
$330K
$218/SF estimated price per square foot
Sales comparison approach using recent sales of similar duplex properties in the area. Income approach supports valuation based on current rental income.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable population with consistent demand for rental properties due to proximity to educational institutions. Walkability Rating estimate: 60/100.
Proximity to University at Albany and major shopping centers enhances rental demand. Nearby parks and recreational areas add to the neighborhood's appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$111/SF
Standard sale
$99/SF
Standard sale
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