Income-Generating
For Sale
$248,900
408 Elk Street, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,350 SF
Lot Size0.04 Acres
Price / SF$105.91
Days on Market160
Property Features for 408 Elk Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4
Basement
Finished
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Central Ave to North Lake to Elk Street.
Standard status
Active
APN
010100 65.55-3-10
Size
2,350 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3653
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1916
Number of units
2
Building materials
Aluminum Siding, Shingle Siding
Roof type
Built-Up
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Wai Wai Paing · License #10401363142
(518) 707-7482
Added: Mar 14
Changed: Aug 20
Last Checked: Aug 20 at 11:06AM
MLS# 202613321
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 income-generating duplex offers two separate units within one property. The second unit has updated bathrooms and kitchen, with new flooring and new interior painting completed last year. The basement has also been refreshed with new floor tile and new paint, supporting day-to-day usability for residents and property management.
The property is located at 408 Elk Street in Albany, NY 12206, on a compact parcel. It is described as being just minutes from the University at Albany and SUNY, Albany Medical Center, as well as shopping and restaurants.
The layout is well-suited to investors seeking rental income from both units, or an owner-occupant looking to live in one unit while renting the other. With recent updates to the second unit and basement finishes, the property can support a straightforward move-in and lease-up approach for tenants who prioritize condition and functional interior updates. Please confirm all details and condition for your intended use during due diligence.
The property is located at 408 Elk Street in Albany, NY 12206, on a compact parcel. It is described as being just minutes from the University at Albany and SUNY, Albany Medical Center, as well as shopping and restaurants.
The layout is well-suited to investors seeking rental income from both units, or an owner-occupant looking to live in one unit while renting the other. With recent updates to the second unit and basement finishes, the property can support a straightforward move-in and lease-up approach for tenants who prioritize condition and functional interior updates. Please confirm all details and condition for your intended use during due diligence.
Key Highlights
- Duplex with 6 bedrooms and 3 bathrooms total, plus a separate living setup across two units
- 2nd unit updates include new bathrooms, kitchen updates, new flooring, and new paint (done last year)
- Basement improvements include new floor tiles and new paint
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,817
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 - Duplex with an updated second unit and refreshed basement finishes, minutes from major Albany employment and shopping.
Where is this duplex located?
The property is located at 408 Elk Street Albany, NY.
What is the asking price?
The asking price for this property is $248,900.
What are key features of this property?
This property features: Duplex with 6 bedrooms and 3 bathrooms total, plus a separate living setup across two units; 2nd unit updates include new bathrooms, kitchen updates, new flooring, and new paint (done last year); Basement improvements include new floor tiles and new paint
