Duplex with Garden
For Sale
$399,500
339 Hamilton Street, Albany, NY 12210
A separate one-bedroom unit offers private access, in-unit laundry, and a deck.
Property Size2,280 SF
Price / SF$175.22
Days on Market66
Property Features for 339 Hamilton Street
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Two Family Home
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,345
Amenities
private back deck
second-floor laundry
central air
in-unit laundry
ductless heating and air conditioning
Building Details
Building Size
2,280 SF
Year Built
1850
Buildings
1
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Stela Koeva · License #10401345420
(518) 694-1027
Source:
Davalarealestate
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 23 at 10:42AM
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
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Investment Insights
Based on property information with market context.
This 2,280-square-foot duplex, built in 1850, has a two-story main residence with three bedrooms and two full bathrooms, plus a separate one-bedroom garden apartment. The main unit includes an open kitchen and dining area, central air conditioning, second-floor laundry, and a private rear deck. Exposed brick and large windows are among its interior features. The apartment has its own entrance, in-unit laundry, updated bathroom, ductless heating and air conditioning, and a private rear deck. Furniture is included, and the units have separate utilities.
At 339 Hamilton Street in Albany, the property is near restaurants, cafés, and entertainment. The main residence is vacant, while the garden apartment is rented.
At 339 Hamilton Street in Albany, the property is near restaurants, cafés, and entertainment. The main residence is vacant, while the garden apartment is rented.
Key Highlights
- 2,280‑square‑foot duplex built in 1850
- Main residence has 3 bedrooms, 2 full bathrooms, and two stories
- Separate 1‑bedroom garden apartment with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,965
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,300
$519.3K
Cap Rate 7%
$370,929
$370.9K
Cap Rate 9%
$288,500
$288.5K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$39.7K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.1K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$26.0K $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%
$519,300
Cap Rate 7%
$370,929
Cap Rate 9%
$288,500
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom unit offers private access, in-unit laundry, and a deck.
Where is this duplex located?
The property is located at 339 Hamilton Street Albany, NY.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 2,280‑square‑foot duplex built in 1850; Main residence has 3 bedrooms, 2 full bathrooms, and two stories; Separate 1‑bedroom garden apartment with private entrance
