Two-Family Duplex with Hardwood
For Sale
$289,900
Pending
244 Morris Street, Albany, NY 12208
MultiFamily, Albany, NY
Property Size2,244 SF
Lot Size0.07 Acres
Days on Market86
Property Features for 244 Morris Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4
Basement
Unfinished
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Morris St
Standard status
Pending
APN
010100 76.22-2-1 01
Size
2,244 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6390
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
hardwood floors
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Re Max Capital · RE/MAX International
(518) 724-6800
Listed By:
Steve Duggan · License #40DU1087381
(518) 210-3290
Added: Aug 6
Changed: Oct 27
Last Checked: Oct 30 at 2:06PM
MLS# 202623389
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.
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two apartments within 2,244 square feet. The open-plan layouts have hardwood flooring throughout, and each residence has separate utilities. The building has aluminum siding and an asphalt roof on a 0.07-acre lot.
Public water and public sewer serve the property. Its Albany address places the duplex within walking distance of Albany Medical Center.
Public water and public sewer serve the property. Its Albany address places the duplex within walking distance of Albany Medical Center.
Key Highlights
- Two apartments with open‑plan layouts
- 2,244 square feet on a 0.07‑acre lot
- Hardwood floors throughout both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,555
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,100
$511.1K
Cap Rate 7%
$365,071
$365.1K
Cap Rate 9%
$283,944
$283.9K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$39.0K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.5K $16.27/SF
− OpEx
−$11.0K −$4.88/SF
NOI
$25.6K $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%
$511,100
Cap Rate 7%
$365,071
Cap Rate 9%
$283,944
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.4K – $425.9K
NOI $25,555 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$327.5K
$286.5K – $382.0K
NOI $22,922 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,442 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,969
Businesses Nearby
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Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
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 - Two separate residences offer open-plan layouts and independent utility service.
Where is this duplex located?
The property is located at 244 Morris Street Albany, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two apartments with open‑plan layouts; 2,244 square feet on a 0.07‑acre lot; Hardwood floors throughout both apartments
