$285,000

431 Morris Street, Albany, NY 12208

6 beds |
2 baths |
1,820 sqft

Duplex
Built in 1900
2,614sqft lot
—— car garage
$157/sqft
Listed 27 days ago

Property Description

Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is currently rented at $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.

Listing Status:: Active
Date Added:: March 5, 2026
Data Last Updated:: April 2, 2026 at 5:39AM
Listing Office:: Gendron's Property Management : 518-360-8492
Listing Agent:: Ellen Evans : 518-312-7116
MLS ID:: 202612862

Basement: Full
Flooring: Vinyl
A/C: None
Heating: Hot Water

General: None
Style: Traditional
Parking: Parking spaces: 0

General: Vinyl Siding

Originating MLS: Global MLS
School District: Albany
County: Albany

Zoning: 010100 65.69-3-21

Water: Public
Sewer: Public Sewer

Source: Global MLS

This listing courtesy of Ellen Evans , Gendron's Property Management

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

New Scotland Elementary School

385 New Scotland Ave, Albany, NY, 12208

Grades PK-5

0.65 miles away

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

0.84 miles away

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.