Refreshed Two-Unit Income
For Sale
$289,000
250 Yates Street, Albany, NY 12208
Two well-maintained units offer flexible occupancy options, including a vacant unit and a month-to-month tenant.
Property Size2,640 SF
Price / SF$109.47
Days on Market102
Property Features for 250 Yates Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi-family
Occupancy
50%
Additional Details
Multifamily Units
2
Building Details
Year Built
1885
Tenancy
Multi
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Robin E Shaw
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 15 at 8:19PM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
250 Yates Street is a refreshed two-unit residential duplex configured as separate living units within one income property. The offering includes one unit that is vacant, giving an owner the flexibility to occupy, set new rental terms, or place a tenant right away. The second unit is occupied by a reliable month-to-month tenant, providing immediate rental income as part of the current setup.
The property is located in Albany’s Pine Hills neighborhood, with the convenience of being just minutes from Albany Medical Center. This proximity supports a practical tenant pool for residential income use.
This duplex is well suited for either an owner-occupant or an investor seeking a straightforward two-unit structure. The combination of a vacant unit plus a month-to-month tenancy can simplify decision-making around occupancy while still maintaining an income stream from the occupied unit. For buyers looking to manage a small-scale residential income property, the current vacancy and existing tenancy provide operational flexibility from day one.
The property is located in Albany’s Pine Hills neighborhood, with the convenience of being just minutes from Albany Medical Center. This proximity supports a practical tenant pool for residential income use.
This duplex is well suited for either an owner-occupant or an investor seeking a straightforward two-unit structure. The combination of a vacant unit plus a month-to-month tenancy can simplify decision-making around occupancy while still maintaining an income stream from the occupied unit. For buyers looking to manage a small-scale residential income property, the current vacancy and existing tenancy provide operational flexibility from day one.
Key Highlights
- 2‑unit property built in 1885
- One unit is vacant, offering flexibility for owner‑occupancy or setting your own rent
- Second unit has a reliable month‑to‑month tenant for immediate rental income
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,139
Businesses Nearby
Explore this area
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
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 - Two well-maintained units offer flexible occupancy options, including a vacant unit and a month-to-month tenant.
Where is this duplex located?
The property is located at 250 Yates Street Albany, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2‑unit property built in 1885; One unit is vacant, offering flexibility for owner‑occupancy or setting your own rent; Second unit has a reliable month‑to‑month tenant for immediate rental income
