Duplex with Garden
339 Hamilton Street, Albany, NY 12210
New
MULTI_FAMILY - Albany, NY
Property size:
2,280 SFLot size:
0.05 AcresPrice / SF:
$195/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 2:06 pm
Property Features for 339 Hamilton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Security features
- Security
- Fireplace
- 1
- Basement
- Apartment
- Standard status
- Active
- APN
- 010100 76.32-2-58
- Size
- 2,280 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8345
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Ductless (Heating)
- Cooling system
- Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1850
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Stela Koeva License #10401345420 (518) 694-1027
Listing office Real Broker NY LLC 401 Park Avenue S 10th Fl, New York, NY (855) 450-0442
Listing date Jul 7, 2026
MLS# 202621173
Listing URL
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.
HighLights
- Exceptionally well‑maintained duplex built in 1850 in Albany’s Center Square neighborhood
- Main unit: 3 bedrooms and 2 full baths across two stories, with oversized windows, soaring ceilings, and interior brick
- Primary suite includes a private en‑suite bath with a jetted tub; hardwood flooring; fireplace
- Comfort features include central air and forced‑air heat, plus ductless (heating) and ductless cooling
- Separate 1‑bedroom garden apartment rented for $1,650/month with private entrance, in‑unit laundry, and an updated bathroom
- Annual rental revenue has generated over $50,000 with separate utilities; furniture included
Overview
Located at 339 Hamilton Street in Albany’s Center Square neighborhood, this exceptionally well-maintained duplex offers two distinct living spaces with separate entries and private outdoor areas. The spacious owner’s residence is set over two stories and features 3 bedrooms and 2 full baths, with natural light from oversized windows, soaring ceilings, and tastefully exposed interior brick. Inside, the primary suite includes a private en-suite bath with a jetted tub. The open-concept kitchen and dining area includes newer appliances, and the home is served by central air. Additional conveniences include second-floor laundry and a private back deck. The main unit is currently left vacant to support easy showings.
A separate 1-bedroom garden apartment is currently rented and includes its own private entrance, in-unit laundry, an updated bathroom, and ductless heating and air conditioning. The garden unit also has a private back deck. Per the listing, separate utilities and furniture are included.
Operationally, the property has been successfully managed as a mid-term rental for business and medical professionals, with reported annual rental revenue exceeding $50,000 and consistent demand. With one unit vacant and the other already in place, the duplex can suit an owner-occupant looking to live in the larger residence while maintaining rental income from the garden apartment.
A separate 1-bedroom garden apartment is currently rented and includes its own private entrance, in-unit laundry, an updated bathroom, and ductless heating and air conditioning. The garden unit also has a private back deck. Per the listing, separate utilities and furniture are included.
Operationally, the property has been successfully managed as a mid-term rental for business and medical professionals, with reported annual rental revenue exceeding $50,000 and consistent demand. With one unit vacant and the other already in place, the duplex can suit an owner-occupant looking to live in the larger residence while maintaining rental income from the garden apartment.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.764133
- Latitude
- 42.651887
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with central air main residence and a separately metered 1-bedroom garden unit currently producing rental income.
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 $445,000.
What are key features of this property?
This property features: Exceptionally well‑maintained duplex built in 1850 in Albany’s Center Square neighborhood; Main unit: 3 bedrooms and 2 full baths across two stories, with oversized windows, soaring ceilings, and interior brick; Primary suite includes a private en‑suite bath with a jetted tub; hardwood flooring; fireplace
