233 S Swan Street, Albany, NY 12202
MULTI_FAMILY - Albany, NY
- Added:
- Jun 25, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 29 at 6:06 am
Property Features for 233 S Swan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2
- 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 agent Md Hoq License #10401376747 (347) 574-0471
Listing office Realty One Group Key 635 Plank Rd, Clifton Park, NY (518) 630-5360
Listing date Jun 25, 2026
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.
HighLights
- Two‑family property updated with modern kitchens and updated bathrooms in both units
- Recent improvements include two new boilers, two new hot water tanks, and a newer roof
- Built in 1900 with vinyl siding and a flat roof
- Heating: baseboard heat; cooling: window unit(s)
- Public water and public sewer
- Rooms include 4 bedrooms and 4 bathrooms (Bathroom 1‑4, Bedroom 1‑4)
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.767854
- Latitude
- 42.643563
