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

480 3rd Street, Albany, NY 12206

MULTI_FAMILY - Other - Albany, NY

Property Size2,340 SF
Lot Size0.15 Acres
Price / SF$81.41
Days on Market10

Property Features for 480 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking 2
Parking features Off Street
Basement Full
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions Ontario Street, east of Central to right onto 3rd. House on right.
Standard status Active
APN 010100 65.39-1-52
Size 2,340 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Annual Amount 3896

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Natural Gas
Water source Public

Amenities

fenced yard

Building Details

Year built 1938
Number of units 2
Flooring type Laminate, Carpet
Building materials Vinyl Siding
Roof type Asphalt
Architectural style Other
Listing Agency: Howard Hanna Capital Inc
Listed By: Joyce Brown · License #40BR1150323
Added: Aug 7 Changed: Aug 10 Last Checked: Aug 16 at 5:06PM
MLS# 202623535

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.

Built in 1938, this two-unit duplex contains 2,340 square feet and offers a practical layout for residential income use. Each unit includes two bedrooms, a bonus room that may provide additional flexibility, one full bathroom, and spacious living areas. Interior finishes include laminate and carpet flooring, with natural gas hot-water heating. Both units are currently occupied on a month-to-month basis.

The property sits on a 0.15-acre lot with a large fenced yard and two parking pads. Public water and public sewer serve the building, which features vinyl siding and an asphalt roof. Its Albany setting places the property near downtown, a hospital, dining options, and the bus line.

Key Highlights

  • Two‑unit duplex with 2,340 square feet
  • 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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing duplex with two spacious units, off-street parking, and convenient access to downtown amenities and transit.
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: Two‑unit duplex with 2,340 square feet; 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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