Updated Two-Family Duplex with
For Sale
$349,900
Pending
447 Ontario Street, Albany, NY 12208
MULTI_FAMILY - Albany, NY
Property Size2,200 SF
Lot Size0.29 Acres
Days on Market52
Property Features for 447 Ontario Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2
High school district
000000
Directions
New Scotland Ave to Ontario, house on left
Standard status
Pending
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
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Michael A Giuffre · License #10401246370
(518) 348-2060
Added: Jun 10
Changed: Jul 29
Last Checked: Jul 31 at 3:06AM
MLS# 11685161
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.
Investment Insights
Based on property information with market context.
This updated and well-maintained two-family duplex offers two separate residences designed for everyday comfort. Each unit features three large bedrooms, dining areas, and ample living space. The property includes off-street parking, and utilities are separated, supporting convenient use and independent occupancy. Outside, there is a large backyard with a deck, providing an outdoor space that can be enjoyed by either household.
Located in the Woodlawn area of Albany, the duplex is offered for sale at 447 Ontario Street, Albany, NY 12208. The lot size is approximately 0.29 acres, providing room for the backyard and deck while maintaining an urban residential footprint.
The layout and separated systems make this property a practical fit for owner-occupants seeking space and flexibility, as well as investors looking for a straightforward two-unit configuration. With both units described as very spacious and move-in ready based on the updated condition, the duplex can support a range of plans, whether you’re planning to live in one unit and rent the other or operate the full property as a rental.
Located in the Woodlawn area of Albany, the duplex is offered for sale at 447 Ontario Street, Albany, NY 12208. The lot size is approximately 0.29 acres, providing room for the backyard and deck while maintaining an urban residential footprint.
The layout and separated systems make this property a practical fit for owner-occupants seeking space and flexibility, as well as investors looking for a straightforward two-unit configuration. With both units described as very spacious and move-in ready based on the updated condition, the duplex can support a range of plans, whether you’re planning to live in one unit and rent the other or operate the full property as a rental.
Key Highlights
- Updated and well‑maintained 2‑family property in the Woodlawn area of Albany
- Both units feature three large bedrooms, dining areas, and spacious living layouts
- Off‑street parking available
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 |
2,200 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$321.0K
$280.9K – $374.6K
NOI $22,473 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
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 - Updated two-family with off-street parking, separate utilities, and a large backyard deck for comfortable living.
Where is this duplex located?
The property is located at 447 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Updated and well‑maintained 2‑family property in the Woodlawn area of Albany; Both units feature three large bedrooms, dining areas, and spacious living layouts; Off‑street parking available
