$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
Original List Price: 269900
List Price/SqFt: 81.3
Status: Closed
Property Sub Type: Duplex
Sold Price: $275,000
Current Price: $275,000
Listing Contract Date: 2025-09-10
Location
Postal Code +4: 1335
City/Town (Mail): Albany
Street Number: 475
Street Name: Hamilton
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.660996
Geo Lon: -73.779992
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 3320
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
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
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1890
Status Change Info
Sold Price/SqFt: 82.83
Status Change Date: 2026-01-26
Under Contract Date: 2025-12-15
Sold Date: 2026-01-23
Sold Price: $275,000
Parcel, Tax, HOA
Parcel Number: 010100 65.61-3-47
Tax Annual Amount: 8831.41
Tax Section: 33X115
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 47.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Western Ave traveling east take right onto Ontario St,, left onto Hamilton St. Two blocks east of College of St Rose.
Public Remarks: 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!
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Financial Details
General Taxes: 3596.57
General Taxes Description: Estimated
School Taxes: 5234.84
School Taxes Description: Estimated
Attic Features
Full: 1
Hatch: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Construction Materials
Wood Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Other: 1
Duplex Type
Up And Down: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Vinyl: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Public: 1
Heating
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 4000
Rental Income Description: Monthly
Laundry Features
In Basement: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Levels
Two: 1
Separate Utilities
Electric: 1
Gas: 1
Tenant Pays
Electricity: 1
Gas: 1
Hot Water: 1
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
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 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 2 Includes
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 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
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 2 Appliances
Range: 1
Refrigerator: 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
