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Two-Family Duplex with Fenced Yard
For Sale
$190,500

480 3RD Street, Albany, NY 12206

Two occupied units provide a flexible residential income property with month-to-month tenancy.

Property Size2,340 SF
Price / SF$81.41
Days on Market20

Property Features for 480 3RD Street

General Information

Standard status Active
Size 2,340 SF
Total Parking Spaces 2
Property subtype Multi-family
Occupancy 100%

Additional Details

Public Transit Yes
Multifamily Units 2

Amenities

fenced yard

Building Details

Year Built 1938
Tenancy Multi
Listing Agency: Howard Hanna Capital Inc
Listed By: Joyce Brown
Source: Signatureonerealtygroup
Added: Aug 1 Changed: Aug 17 Last Checked: Aug 19 at 10:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Capital Inc

Investment Insights

Based on property information with market context.

Built in 1938, this two-family duplex contains 2,340 sq ft across two residential units. Each unit includes 2 bedrooms, a bonus room that may provide additional sleeping space, and 1 full bathroom. The property also includes two parking pads and a large fenced yard.

Both units are currently rented on a month-to-month basis. The property is near downtown, a hospital, dining, and the bus line, placing everyday services and public transportation within the surrounding area.

Key Highlights

  • 2,340 sq ft two‑family duplex built in 1938
  • Each unit includes 2 bedrooms, a bonus room, and 1 full bathroom
  • Both units are rented month to month

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Acupuncture Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,203
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two occupied units provide a flexible residential income property with month-to-month tenancy.
Where is this duplex located?
The property is located at 480 3RD Street Albany, NY.
What is the asking price?
The asking price for this property is $190,500.
What are key features of this property?
This property features: 2,340 sq ft two‑family duplex built in 1938; Each unit includes 2 bedrooms, a bonus room, and 1 full bathroom; Both units are rented month to month
More about this property
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