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Duplex Requiring Renovation
For Sale
$65,000

402 2nd Street, Albany, NY 12206

MultiFamily, Albany, NY

Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$28.26
Days on Market141

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 1, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 6
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: Oct 2 Last Checked: Oct 6 at 3:06AM
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.

Built in 1930, this Albany duplex contains 2,300 square feet on a 0.07-acre lot. Its up-and-down configuration separates the two units, with six bedrooms and two bathrooms in total. The property requires extensive interior and exterior renovation. Wood siding, natural gas heat, public water, and public sewer are present.

The property is located at 402 2nd Street in Albany, near downtown, schools, parks, shopping, and major highways.

Key Highlights

  • Two separate units in an up‑and‑down duplex layout
  • 2,300 square feet on a 0.07‑acre lot
  • Six bedrooms and two bathrooms total

Property Analytics

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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

2
Residential units
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - An up-and-down layout provides two separate residential units.
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 $65,000.
What are key features of this property?
This property features: Two separate units in an up‑and‑down duplex layout; 2,300 square feet on a 0.07‑acre lot; Six bedrooms and two bathrooms total
More about this property
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