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Updated Duplex with Two Units
For Sale
$199,900
Pending

31 South St, Albany, NY 12204

Two-family property with electrical and mechanical updates, including a newer boiler serving Unit 1.

Property Size2,252 SF
Days on Market60

Property Features for 31 South St

General Information

Standard status Pending
Size 2,252 SF
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,786
Listing Agency: RE/MAX Solutions
Listed By: David M Schrepper · License #10301208684
Source: Exprealty
Added: Jun 24 Changed: Aug 21 Last Checked: Aug 21 at 10:38AM

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 RE/MAX Solutions

Investment Insights

Based on property information with market context.

This two-unit residential income property includes 2,252 square feet and has received several functional updates. Both electrical panels are new 100-amp installations, while Unit 1 has a new hot water boiler. The building also has a rubber roof installed in 2017.

The property is located at 31 South St in Albany, on a side street near the Menands border. The first-floor unit is occupied by long-term tenants, and Unit 2 is expected to be vacant at the end of July. Property access requires 24-hour notice.

Key Highlights

  • 2,252‑square‑foot duplex at 31 South St, Albany, NY
  • Two new 100‑amp electrical panels
  • New hot water boiler serving Unit 1

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center Electrical Service Real Estate Agency Parking Lot & Garage Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

734
Businesses Nearby

Demographics for 12204, NY

7,818
Population
4,290
Households
1.8
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
1,907
Density / Sq Mi
$75,197
Median Household Income
$48,911
Median Earnings
$1,294
Median Rent
$226,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family property with electrical and mechanical updates, including a newer boiler serving Unit 1.
Where is this duplex located?
The property is located at 31 South St Albany, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2,252‑square‑foot duplex at 31 South St, Albany, NY; Two new 100‑amp electrical panels; New hot water boiler serving Unit 1
More about this property
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