$275,000
Albany, NY 12203
MLS# 202525498
Status: Closed
6 beds
1 / 28
Property Description
Great opportunity for either an investor or an owner-occupant! This Albany duplex is ideally situated and has a strong rental history, particularly with student housing, making it a reliable income-producing property. The property remained occupied until the end of June 2025. The first-floor unit features 4 bedrooms and 1 full bath, most recently rented for $2,200 per month plus $600 in water fees. The second-floor unit offers 3 bedrooms and 1 full bath, with a history of $1,800 per month plus $450 in water fees. Both units offer spacious layouts and strong rental appeal, ensuring continued demand. With a projected cap rate of approximately 10%, this property offers excellent cash flow potential. Its prime location and solid rental history, make it perfect for those looking to generate immediate income or occupy one unit while collecting rent from the other. A smart addition to any portfolio! Buyer backed out right before the closing, no explanation. Some tlc and this money maker will bring in even more cash flow. Priced to Sell!
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Duplex
Original List Price: 269900
Sold Price: $275,000
Current Price: $275,000
Listing Contract Date: 2025-09-10
List Price/SqFt: 81.3
Location
Street Number: 475
Street Name: Hamilton
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Postal Code +4: 1335
City/Town (Mail): Albany
Geo Lat: 42.660996
Geo Lon: -73.779992
Property Detail
Rooms Total: 12
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1890
Above Grade Finished Area: 3320
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 3320
Lot Size Dimensions: 33X115.2
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-01-26
Under Contract Date: 2025-12-15
Sold Date: 2026-01-23
Sold Price: $275,000
Sold Price/SqFt: 82.83
Financial Details
General Taxes: 3596.57
General Taxes Description: Estimated
School Taxes: 5234.84
School Taxes Description: Estimated
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 4000
Rental Income Description: Monthly
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Flr
Monthly Rent MF Unit 1: 2200
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 3
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd Flr
Monthly Rent MF Unit 2: 1800
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Unit 1 Detail
Rent: 2200
Total Rooms Unit 1: 6
Total Bedrooms: 3
Bedrooms on 1st Floor: 3
Total Full Baths: 1
Full Baths 1st Floor: 1
Unit 2 Detail
Rent: 1800
Total Rooms Unit 2: 6
Total Bedrooms: 3
Bedrooms on 2nd Floor: 3
Total Full Baths: 1
Full Baths 2nd Floor: 1
Property Features
Architectural Style: Traditional
Attic Features: Full; Hatch
Basement: Full
Construction Materials: Wood Siding
Duplex Type: Up And Down
Exterior Features: Other
Flooring: Ceramic Tile; Hardwood; Vinyl
Heating: Hot Water; Natural Gas
Laundry Features: In Basement
Levels: Two
Owner Pays: Sewer; Trash Collection; Water
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Appliances: Range; Refrigerator
Unit 2 Includes: Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Appliances: Range; Refrigerator
Listing Courtesy of Miranda Real Estate Group Inc
Listing Agent: Lucy Ann Sokaris
518-428-3469 | lucysells4u@gmail.com
518-428-3469 | lucysells4u@gmail.com
