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Renovated Two-Family Duplex
For Sale
$225,000
Pending

88 Elizabeth Street, Albany, NY 12202

Up-and-down residential income property with updated HVAC, newer windows, and two separately configured apartments.

Property Size2,100 SF
Days on Market40

Property Features for 88 Elizabeth Street

General Information

Standard status Pending
Size 2,100 SF
Property subtype Multi-Family

Financials

Gross Income $37,200
Average Monthly Rent $1,550

Units

Unit Mix 1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,931

Building Details

Year Built 1880
Listing Agency: KW Platform
Listed By: Patrick Dunn · License #10401288889
Source: Capmarkrealty
Added: Jul 24 Changed: Aug 31 Last Checked: Aug 31 at 12:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Platform

Investment Insights

Based on property information with market context.

This up-and-down duplex at 88 Elizabeth Street contains approximately 2,100 square feet arranged as two apartments. The first-floor unit includes 2 bedrooms and 1 full bath, while the second-floor residence provides 4 bedrooms and 1 full bath. The property was renovated throughout and includes a new heat pump, mini-split HVAC equipment, and newer vinyl windows.

Constructed in 1880, the two-family property is located in Albany, minutes from downtown. Its separate residential layouts support continued rental use, with the unit configurations offering different bedroom counts for occupants seeking varied space requirements.

Key Highlights

  • Two‑family duplex with an up‑and‑down layout
  • 2,100 square feet of residential space
  • First‑floor unit has 2 bedrooms and 1 full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Home Appliance Store Garden Center

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

1,135
Businesses Nearby

Demographics for 12202, NY

10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value

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 - Up-and-down residential income property with updated HVAC, newer windows, and two separately configured apartments.
Where is this duplex located?
The property is located at 88 Elizabeth Street Albany, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑family duplex with an up‑and‑down layout; 2,100 square feet of residential space; First‑floor unit has 2 bedrooms and 1 full bath
More about this property
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