Duplex with Separate Garden
339 Hamilton Street Albany, NY 12210
339 Hamilton Street, Albany, NY, 12210
$445,000
For Sale
$445,000
MULTI_FAMILY - Albany, NY
Property Size2,280 SF
Lot Size0.05 Acres
Price / SF$195.18
Days on Market15
Property Features for 339 Hamilton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3
- 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
- Ductless, Central Air
- Water source
- Public
Building Details
- Year built
- 1850
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing agency
Real Broker NY LLC
(855) 450-0442
Listed by
Stela Koeva · License #10401345420
(518) 694-1027
Added: Jul 7 Updated: Jul 21 at 2:37AM Checked: Jul 21 at 5:06PM
MLS# 202621173
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.
Investment Insights
Based on property information with market context.
Exceptionally well-maintained duplex featuring a spacious two-story owner’s residence and a separate 1-bedroom garden apartment. The main unit offers 3 bedrooms and 2 full baths, with an open-concept kitchen and dining area, newer appliances, central air, and natural light from oversized windows. Additional highlights include exposed interior brick, a private back deck, second-floor laundry, and a primary suite with an en-suite bath and jetted tub. The main unit is currently vacant to accommodate showings.
The separate garden apartment is operated as a mid-term rental and includes its own private entrance, in-unit laundry, an updated bathroom, ductless heating and air conditioning, and a private back deck. Separate utilities and furniture are included. The property has been successfully operated with consistent strong demand and reports annual rental revenue over $50,000.
The separate garden apartment is operated as a mid-term rental and includes its own private entrance, in-unit laundry, an updated bathroom, ductless heating and air conditioning, and a private back deck. Separate utilities and furniture are included. The property has been successfully operated with consistent strong demand and reports annual rental revenue over $50,000.
Key Highlights
- Exceptionally well‑maintained duplex built in 1850 with brick construction and hardwood flooring
- Mid‑term rental history with over $50,000 in annual rental revenue and consistent strong demand
- Main unit features 3 bedrooms and 2 full baths across two stories, with a private en‑suite primary bath and jetted tub
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with a separate 1-bedroom garden apartment and private entrance; main residence has 3 bedrooms and 2 baths.
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 with brick construction and hardwood flooring; Mid‑term rental history with over $50,000 in annual rental revenue and consistent strong demand; Main unit features 3 bedrooms and 2 full baths across two stories, with a private en‑suite primary bath and jetted tub
