Duplex with Three-Bedroom Owner
For Sale
$445,000
339 Hamilton St, Albany, NY 12210
Well-maintained Albany duplex with an owner residence and a separate one-bedroom garden apartment with private outdoor space.
Property Size2,280 SF
Price / SF$195.18
Days on Market26
Property Features for 339 Hamilton St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Residential Income
Amenities
private back deck
second-floor laundry
in-unit laundry
central air
ductless heating and air conditioning
newer appliances
Building Details
Tenancy
Multi
Listing Agency:
Real Broker NY LLC
(518) 694-1027
Listed By:
Stela Koeva · License #10401345420
(518) 694-1027
Source:
Exprealty
Added: Jul 7
Changed: Jul 31
Last Checked: Jul 31 at 4:14AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
Located at 339 Hamilton St in Albany’s Center Square neighborhood, this exceptionally well-maintained duplex offers a flexible setup for an owner-occupant or investor. The main two-story residence features three bedrooms and two full baths, with oversized windows, soaring ceilings, and tastefully exposed interior brick. The primary suite includes a private en-suite bath with a jetted tub, and the home offers an open-concept kitchen and dining area with newer appliances plus central air. Practical conveniences include a private back deck and second-floor laundry.
The separate one-bedroom garden apartment has its own private entrance and includes in-unit laundry. It also features an updated bathroom, ductless heating and air conditioning, and a private back deck. Separate utilities and furniture are included.
The main unit is currently left vacant to accommodate easy showings. With approximately 2,280 SF total, this duplex is designed for straightforward day-to-day living while maintaining an independent rental configuration.
The separate one-bedroom garden apartment has its own private entrance and includes in-unit laundry. It also features an updated bathroom, ductless heating and air conditioning, and a private back deck. Separate utilities and furniture are included.
The main unit is currently left vacant to accommodate easy showings. With approximately 2,280 SF total, this duplex is designed for straightforward day-to-day living while maintaining an independent rental configuration.
Key Highlights
- Approximately 2,280 SF duplex in Albany’s Center Square neighborhood
- Main unit: three bedrooms and two full baths across two stories with jetted tub
- Central air, open‑concept kitchen and dining, and newer appliances in the owner residence
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 | $39.7k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.1k | $16.27 |
| − OpEx | −$11.1k | −$4.88 |
| NOI | $26.0k | $11.39 |
2,280 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
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 - Well-maintained Albany duplex with an owner residence and a separate one-bedroom garden apartment with private outdoor space.
Where is this duplex located?
The property is located at 339 Hamilton St Albany, NY.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Approximately 2,280 SF duplex in Albany’s Center Square neighborhood; Main unit: three bedrooms and two full baths across two stories with jetted tub; Central air, open‑concept kitchen and dining, and newer appliances in the owner residence
