Updated Two-Family Residential
233 S Swan Street Albany, NY 12202
233 S Swan Street, Albany, NY, 12202
$289,900
For Sale
$289,900
MULTI_FAMILY - Albany, NY
Property Size2,016 SF
Lot Size0.04 Acres
Price / SF$143.80
Days on Market28
Property Features for 233 S Swan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Basement
- Walk-Out Access
- Standard status
- Active
- APN
- 010100 76.55-2-32
- Size
- 2,016 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3426
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Flat
Listing agency
Realty One Group Key
(518) 630-5360
Listed by
Md Hoq · License #10401376747
(347) 574-0471
Added: Jun 25 Updated: Jul 17 at 2:30PM Checked: Jul 22 at 10:06AM
MLS# 202620639
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This updated two-family property offers two separate residential units with spacious layouts, modern kitchens, updated bathrooms, bright living spaces, and comfortable bedrooms. Recent improvements are intended to reduce near-term maintenance concerns, including two new boilers, two new hot water tanks, and a newer roof.
Located in Downtown Albany at 233 S Swan Street (12202), the property is described as convenient to Albany Medical Center, Empire State Plaza, public transportation, parks, and major highways.
The configuration suits tenants seeking self-contained units and buyers looking for either an investment setup or owner-occupancy with rental income from the second unit. With the recent system and exterior updates noted in the listing remarks, the home is positioned as a practical option for those who want a turn-key feel while retaining flexibility to live in one unit and rent the other.
Located in Downtown Albany at 233 S Swan Street (12202), the property is described as convenient to Albany Medical Center, Empire State Plaza, public transportation, parks, and major highways.
The configuration suits tenants seeking self-contained units and buyers looking for either an investment setup or owner-occupancy with rental income from the second unit. With the recent system and exterior updates noted in the listing remarks, the home is positioned as a practical option for those who want a turn-key feel while retaining flexibility to live in one unit and rent the other.
Key Highlights
- Two‑family property built in 1900 with spacious unit layouts, comfortable bedrooms, and bright living spaces.
- Recent updates include two new boilers, two new hot water tanks, and a newer roof.
- Vinyl siding exterior with a flat roof.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $32.8k | $16.27 |
| − OpEx | −$9.8k | −$4.88 |
| NOI | $23.0k | $11.39 |
2,016 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,959 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,231 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in-ready two-family home with modern interiors and recent boiler, hot water, and roof updates.
Where is this duplex located?
The property is located at 233 S Swan Street Albany, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑family property built in 1900 with spacious unit layouts, comfortable bedrooms, and bright living spaces.; Recent updates include two new boilers, two new hot water tanks, and a newer roof.; Vinyl siding exterior with a flat roof.
