447 Ontario Street, Albany, NY 12208
Multi-Unit - Albany, NY
- Added:
- Apr 2, 2026
- Days on Market:
- 70
- Last Refresh:
- Jun 10 at 6:06 pm
Property Features for 447 Ontario Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 010100 75.27-3-46
- Size
- 2,200 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7033
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1920
- Year renovated
- 1920
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Michael Giuffre (518) 348-2060
Listing office Miranda Real Estate Group Inc 1482 Rt 9, Clifton Park, NY (518) 348-2060
Listing date Apr 2, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated and well‑maintained 2‑family home in the Woodlawn area of Albany
- Year built 1920 with vinyl siding and an asphalt roof
- Full basement present with 2 bathrooms and multiple living spaces
- Each unit has three large bedrooms plus separate dining areas and spacious layout
- Off‑street parking with garage; separate utilities reported
- Large backyard with a deck
Overview
Located in the Woodlawn area of Albany, the home sits on a lot of approximately 0.29 acres. Parking is available off street, supporting day-to-day convenience for residents and guests.
The layout is well suited for an owner-occupant looking for separate utilities and a substantial living setup, as well as for investors seeking a residential income property with two similarly sized, generously proportioned units. The separate utility configuration can simplify ongoing management compared with shared services.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $35.8k | $16.27 |
| − OpEx | −$10.7k | −$4.88 |
| NOI | $25.1k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.78848
- Latitude
- 42.655279
