515 Hamilton Street, Albany, NY 12203
MULTI_FAMILY - Other - Albany, NY
- Added:
- Feb 23, 2026
- Days on Market:
- 133
- Last Refresh:
- Jul 6 at 5:06 pm
Property Features for 515 Hamilton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
- Basement
- Full
- Standard status
- Pending
- APN
- 010100 65.61-3-62
- Size
- 2,200 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4627
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Hardwood, Tile, Vinyl
- Building materials
- Wood Siding
- Roof type
- Rolled Hot Mop, Flat
- Architectural style
- Other
Listing agent Jonathan Lanahan License #10401298349 (315) 749-8596
Listing office RE/MAX Solutions 112 N Greenbush Rd Suite C, Clifton Park, NY (518) 720-3400
Listing date Feb 23, 2026
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.
HighLights
- Great rental history and ROI.
- Currently rented for $1,800 with leases ending May/June.
- Updated throughout.
- First floor tenant wants to stay another year.
- Highlighted by beautiful hardwood floors.
- Two family property.
Overview
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
- -73.781831
- Latitude
- 42.662063
