$269,900

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475 Hamilton Street Albany, NY, United States 12203

HIGHEST & BEST DUE WED. 9/17 @ 10 AM. 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!

Amenities

  • Bedrooms: 6
  • Full Bathrooms: 2
  • Partial Bathrooms: 0
  • Property Type: Residential Multi Family
  • Architectural Style: Other
  • Year Built: 1890
  • Built in 1890
  • Home size: 3,320 ft2 / 308.44 m2
  • MLS: 202525498
  • Status: Pending
Copyright © 2025 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Miranda Real Estate Group, Inc.

(518) 348-2060

Get more listing details on brokerage site

Presented by Lucy Ann Sokaris

  • (518) 356-1701 (Office Phone)

Contact Lucy Ann Sokaris

Contact Agent

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