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Up-and-Down Duplex Fixer-Upper
For Sale
$79,900

402 2nd Street, Albany, NY 12206

MULTI_FAMILY - Other - Albany, NY

Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$34.74
Days on Market94

Property Features for 402 2nd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3
Basement Unfinished
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions Head west on Central Ave / Washington Ave depending on your starting point. Turn onto Henry Johnson Blvd. Take a right onto 2nd Street. Continue to 402 2nd Street -- the property will be on your right.
Standard status Active
APN 65.55-6-3
Size 2,300 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 491

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1930
Number of units 2
Building materials Wood Siding
Architectural style Other
Listing Agency: KW Platform · Keller Williams Realty
Listed By: Jeury Lugo · License #10401347643
Added: May 19 Changed: Jul 24 Last Checked: Aug 20 at 11:06PM
MLS# 202617576

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 up-and-down duplex at 402 2nd Street features a traditional layout with separate units. The property is being marketed as an investor special and requires extensive renovation throughout, including major interior and exterior updates.

The home is located in Albany, NY (12206). The seller notes convenience to downtown Albany, schools, parks, and major highways.

With two independent units, the property offers flexibility for future rental income or an owner-occupant setup after renovation.

Key Highlights

  • Up‑and‑down duplex at 402 2nd Street with separate unit layout
  • Needs extensive renovation throughout, including major interior and exterior updates
  • Built in 1930 with wood siding construction

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Skin Care Clinic Carpet & Flooring Store Real Estate Agency Home Appliance Store Furniture & Home Goods

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,447
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Traditional duplex with separate units is offered as a full renovation project in Albany.
Where is this duplex located?
The property is located at 402 2nd Street Albany, NY.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Up‑and‑down duplex at 402 2nd Street with separate unit layout; Needs extensive renovation throughout, including major interior and exterior updates; Built in 1930 with wood siding construction
More about this property
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