Updated Two-Unit
For Sale
$275,000
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$136.41
Days on Market35
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
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 27
Changed: Jul 29
Last Checked: Jul 30 at 5:26PM
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
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 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 8.35%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$531.9K
$465.4K – $620.5K
NOI $37,231 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $275,000.
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
