Updated Two-Unit
For Sale
$269,900
233 S Swan Street, Albany, NY 12202
Updated two-unit duplex with modern kitchens, updated bathrooms, two new boilers, two new hot water tanks, and a newer roof.
Property Size2,016 SF
Price / SF$133.88
Days on Market171
Property Features for 233 S Swan Street
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Realty One Group Key
Listed By:
Md Hoq · License #10401376747
(347) 574-0471
Source:
Signatureonerealtygroup
Added: May 13
Changed: Oct 29
Last Checked: Oct 28 at 8:52AM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
Updated two-unit duplex offering versatile use for investors or owner-occupants. Each unit features spacious layouts, modern kitchens, updated bathrooms, bright living spaces, and comfortable bedrooms. Recent improvements are aimed at practical day-to-day livability, including two new boilers, two new hot water tanks, and a newer roof.
Located on S Swan Street in Downtown Albany, the property is near Albany Medical Center, Empire State Plaza, public transportation, parks, and major highways.
Built in 1900, the duplex totals 2,016 SF, with well-prepared interiors and upgrades that support move-in-ready convenience.
Located on S Swan Street in Downtown Albany, the property is near Albany Medical Center, Empire State Plaza, public transportation, parks, and major highways.
Built in 1900, the duplex totals 2,016 SF, with well-prepared interiors and upgrades that support move-in-ready convenience.
Key Highlights
- 2,016 SF two‑unit duplex
- Built in 1900
- Each unit includes modern kitchens and updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,959
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,180
$459.2K
Cap Rate 7%
$327,986
$328.0K
Cap Rate 9%
$255,100
$255.1K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$35.1K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.8K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$23.0K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,180
Cap Rate 7%
$327,986
Cap Rate 9%
$255,100
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,959 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,231 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex with modern kitchens, updated bathrooms, two new boilers, two new hot water tanks, and a newer roof.
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 $269,900.
What are key features of this property?
This property features: 2,016 SF two‑unit duplex; Built in 1900; Each unit includes modern kitchens and updated bathrooms
