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Two-Unit Duplex with Separate Utilities
For Sale
$230,000

318 1st Street, Albany, NY 12206

MultiFamily, Albany, NY

Property Size2,100 SF
Lot Size0.05 Acres
Price / SF$109.52
Days on Market111

Property Features for 318 1st Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Basement Apartment
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions Henry Johnson Blvd to 2nd st to Judson st to 1st st
Standard status Active
APN 010100 65.64-1-10
Size 2,100 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 3401

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Baseboard
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1920
Number of units 2
Flooring type Laminate, Vinyl
Building materials Brick, Wood Siding
Roof type Rubber
Listing Agency: Tailored Real Estate Group
Listed By: Karen Heath · License #10301222604
Added: May 28 Changed: Sep 12 Last Checked: Sep 15 at 9:06PM
MLS# 202618219

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 two-unit duplex contains approximately 2,100 square feet on a 0.05-acre lot. The basement apartment includes one bedroom and one bathroom. The second apartment spans two stories, with one bedroom and one bathroom on the first floor and three bedrooms with two bathrooms upstairs. Separate utilities serve the units.

Built in 1920, the property features brick and wood siding, laminate and vinyl flooring, natural-gas baseboard heat, wall-unit cooling, a rubber roof, public water, and public sewer. The property is located at 318 1st Street in Albany, New York.

Key Highlights

  • Two‑unit duplex with 2,100 square feet of property size
  • Basement apartment with 1 bedroom and 1 bathroom
  • Two‑story apartment with 4 bedrooms and 3 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Acupuncture Carpet & Flooring Store Skin Care Clinic Catering Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,554
Businesses Nearby

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with a basement apartment and a larger two-story apartment, each served by separate utilities.
Where is this duplex located?
The property is located at 318 1st Street Albany, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,100 square feet of property size; Basement apartment with 1 bedroom and 1 bathroom; Two‑story apartment with 4 bedrooms and 3 bathrooms
More about this property
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