475 Hamilton Street, Albany, NY 12203

Local realty services provided by:HUNT Real Estate ERA
475 Hamilton Street,Albany, NY 12203
$269,900
  • 6 Beds
  • 2 Baths
  • 3,320 sq. ft.
  • Multi-family
  • Active
Listed by:lucy ann sokaris
Office:miranda real estate group inc
MLS#:202525498
Source:Global MLS

Price summary

  • Price:$269,900
  • Price per sq. ft.:$81.3

About this home

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!

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Home facts

  • Year built:1890
  • Listing ID #:202525498
  • Added:6 day(s) ago
  • Updated:September 16, 2025 at 02:25 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:3,320 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1890
  • Building area:3,320 sq. ft.
  • Lot area:0.09 Acres

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$269,900
  • Price per sq. ft.:$81.3
  • Tax amount:$8,831
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