Two-Family Residential Income
For Sale
$145,000
Pending
372 1st Street, Albany, NY 12206
MULTI_FAMILY - Other - Albany, NY
Property Size1,600 SF
Lot Size0.07 Acres
Days on Market51
Property Features for 372 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
Interior features
Paddle Fan
Exterior features
Garden
Basement
Full, Unfinished, Interior Entry
Lot features
Level
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Livingston Avenue to N Lake Ave to 1st Ave.
Standard status
Pending
APN
010100 65.55-5-18
Size
1,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2542
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1910
Number of units
2
Flooring type
Laminate, Tile, Wood
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Packing Shed
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Paula Bott · License #10401368089
(518) 847-5602
Added: Jun 11
Changed: Jul 24
Last Checked: Jul 31 at 3:06AM
MLS# 202619424
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.
This well-maintained two-family residential income property offers a practical layout designed for day-to-day living and flexible ownership. Each unit includes spacious eat-in kitchens, and the property features separate utilities. The home also has a full dry basement, providing additional usable space for storage or operational needs. In the backyard, there is a heated shed with electric service, which can function as bonus storage or a workshop area.
The property is located at 372 1st Street in Albany, New York, within a convenient setting described as close to downtown Albany as well as schools, parks, shopping, and major highways. The surrounding area supports both owner-occupants and rental use, with everyday amenities and transportation access within the broader Capital Region.
For buyers seeking rental income, the two-family configuration and separate utilities help support independent unit management. Owner-occupants can also benefit from the multi-family structure, combining live-in flexibility with potential rental income from the second unit. With a full dry basement and an electrically equipped shed in the backyard, the property provides additional space that can support storage needs and general use.
The property is located at 372 1st Street in Albany, New York, within a convenient setting described as close to downtown Albany as well as schools, parks, shopping, and major highways. The surrounding area supports both owner-occupants and rental use, with everyday amenities and transportation access within the broader Capital Region.
For buyers seeking rental income, the two-family configuration and separate utilities help support independent unit management. Owner-occupants can also benefit from the multi-family structure, combining live-in flexibility with potential rental income from the second unit. With a full dry basement and an electrically equipped shed in the backyard, the property provides additional space that can support storage needs and general use.
Key Highlights
- Two‑family home built in 1910 with separate utilities for each unit
- Spacious eat‑in kitchens and five bedrooms total (Bedroom 1–5) with 2 bathrooms
- Full dry basement plus a heated shed in the backyard with electric
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
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 two-family home with separate utilities, eat-in kitchens, a full dry basement, and backyard shed with electric.
Where is this duplex located?
The property is located at 372 1st Street Albany, NY.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑family home built in 1910 with separate utilities for each unit; Spacious eat‑in kitchens and five bedrooms total (Bedroom 1–5) with 2 bathrooms; Full dry basement plus a heated shed in the backyard with electric
