Income-Generating Duplex

408 Elk Street, Albany, NY 12206

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For Sale

$248,900

MULTI_FAMILY - Albany, NY

Property size:

2,350 SF

Lot size:

0.04 Acres

Price / SF:

$105/SF

HighLights

Duplex built in 1916 with public water and public sewer
2nd unit updates include bathrooms, kitchen, flooring, and new painting (last year)
Basement has new floor tiles and new paint
Heating includes both electric and natural gas
Roof is built‑up

We can help!

Contact an agent

Wai Wai Paing

For Sale

$248,900

MULTI_FAMILY - Albany, NY

Property size:

2,350 SF

Lot size:

0.04 Acres

Price / SF:

$105/SF

Added:: Mar 14, 2026
Days on Market:: 113
Last Refresh:: Jul 4 at 1:06 am

Property Features for 408 Elk Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 6
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Basement: Finished
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: Electric (Heating), Natural Gas
Water source: Public

Building Details

Year built: 1916
Number of units: 2
Building materials: Aluminum Siding, Shingle Siding
Roof type: Built-Up

We can help!

Contact an agent

Wai Wai Paing

Listing agent Wai Wai Paing License #10401363142

Listing office Real Broker NY LLC 401 Park Avenue S 10th Fl, New York, NY

Listing date Mar 14, 2026

MLS# 202613321 Listing URL

HighLights

Duplex built in 1916 with public water and public sewer
2nd unit updates include bathrooms, kitchen, flooring, and new painting (last year)
Basement has new floor tiles and new paint
Heating includes both electric and natural gas
Roof is built‑up

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.770619
Latitude: 42.664672

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For sale
Duplexes
NY
Albany
12206
408 Elk Street

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 built in 1916 with public water and public sewer; 2nd unit updates include bathrooms, kitchen, flooring, and new painting (last year); Basement has new floor tiles and new paint

408 Elk Street, Albany, NY 12206

MULTI_FAMILY - Albany, NY

Property Features for 408 Elk Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

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