Duplex with Loft-Style Upper
For Sale
$289,000
377 Hamilton Street, Albany, NY 12210
Two-family duplex with a private fenced backyard and a loft-style upper unit with the bedroom on its own level.
Property Size1,625 SF
Price / SF$177.85
Days on Market56
Property Features for 377 Hamilton Street
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Multi-family
Building Details
Year Built
1851
Listing Agency:
The People's Real Estate Group
Listed By:
Hassan Khan
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 6
Changed: Jul 30
Last Checked: Jul 30 at 8:33AM
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 The People's Real Estate Group
Investment Insights
Based on property information with market context.
This duplex features two separate units and approximately 1,625 SF of total property size. The upper unit offers a loft-style layout with the bedroom on its own level, creating separation between living and sleeping areas. The property also includes a private fenced backyard, providing outdoor space for relaxing or gardening.
Located on a quiet, tree-lined one-way street, the home is just steps from the Lark Street district, with convenient access to restaurants, cafes, shops, parks, and entertainment.
Built in 1851, this two-family property combines classic character with practical, functional layout elements that can support both owner-occupancy and investment use.
Located on a quiet, tree-lined one-way street, the home is just steps from the Lark Street district, with convenient access to restaurants, cafes, shops, parks, and entertainment.
Built in 1851, this two-family property combines classic character with practical, functional layout elements that can support both owner-occupancy and investment use.
Key Highlights
- Loft‑style upper unit with bedroom on its own level
- Private fenced backyard
- Quiet, tree‑lined one‑way street setting
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 | $28.3k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $26.4k | $16.27 |
| − OpEx | −$7.9k | −$4.88 |
| NOI | $18.5k | $11.39 |
1,625 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.4K
$231.3K – $308.4K
NOI $18,506 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$428.7K
$375.1K – $500.2K
NOI $30,011 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with a private fenced backyard and a loft-style upper unit with the bedroom on its own level.
Where is this duplex located?
The property is located at 377 Hamilton Street Albany, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Loft‑style upper unit with bedroom on its own level; Private fenced backyard; Quiet, tree‑lined one‑way street setting
