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Two-Unit Duplex with Hardwood Floors
New
For Sale
$235,000

385 Orange Street, Albany, NY 12206

Two-family residential property with hardwood flooring throughout both units and an active lease on the upper apartment.

Property Size2,684 SF
Price / SF$87.56
Days on Market5

Property Features for 385 Orange Street

General Information

Standard status Active
Size 2,684 SF
Property subtype Multi-family

Additional Details

Multifamily Units 2

Building Details

Year Built 1872
Listing Agency: Realty One Group Key
Listed By: Keith A Wells
Source: Signatureonerealtygroup
Added: Aug 16 Changed: Aug 20 Last Checked: Aug 20 at 6:45AM

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 Realty One Group Key

Investment Insights

Based on property information with market context.

This two-unit duplex at 385 Orange Street in Albany, New York, provides 2,684 square feet of residential space across two apartments. Hardwood flooring extends throughout both units, adding a consistent interior feature to the property. Constructed in 1872, the building offers a historic residential format suited to an owner-occupant or multifamily investor.

The upper apartment is currently occupied under a one-year lease, while the property’s two-family configuration creates a straightforward income-producing setup. Its established Albany location and existing tenancy provide a defined operating profile for a purchaser evaluating a residential income property.

Key Highlights

  • Two‑unit duplex with 2,684 square feet of residential space
  • Hardwood floors throughout both apartments
  • Upper unit is leased on a one‑year term

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Pet Store Pet Store & Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,081
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family residential property with hardwood flooring throughout both units and an active lease on the upper apartment.
Where is this duplex located?
The property is located at 385 Orange Street Albany, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,684 square feet of residential space; Hardwood floors throughout both apartments; Upper unit is leased on a one‑year term
More about this property
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