$269,900

475 Hamilton Street, Albany, NY 12203

  • 6 beds |
  • 2 baths |
  • 3,320 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $81/sqft
  • Property List Date Icon Listed 3 months ago

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!

Listing Status:
Pending
Date Added:
December 12, 2025 at 06:00AM
Listing Office:
Miranda Real Estate Group Inc : 518-356-1701
Listing Agent:
Lucy Ann Sokaris : 518-428-3469
MLS ID:
202525498
  • Laundry: In Basement
  • Basement: Full
  • Flooring: Ceramic TileHardwoodVinyl
  • Heating: Hot Water
  • General: Other
  • Style: Traditional
  • Roofing: Asphalt
  • General: Wood Siding
  • HOA Amenities: Sewer
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 65.61-3-47
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Lucy Ann Sokaris, Miranda Real Estate Group Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sheridan Preparatory Academy

400 Sheridan Ave, Albany, NY, 12206

Grades PK-5

0.68 miles away

W

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

0.92 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.40 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.