Listing Agency: Berkshire Hathaway HomeServices Blake, REALTORS Delmar m***@bhhsblake.com Show Phone

Listed By: Melissa Hems · License #NY 10401215159

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 1:39PM

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Investment Insights

Based on property information with market context.

Located at 604 3rd St in Albany, this duplex contains two separate four-bedroom apartments supported by separately metered utilities. One apartment is occupied under a month-to-month Section 8 arrangement, while the second unit is vacant for tenant selection by the new owner.

Key Highlights

• Two four‑bedroom apartments
• Separate utilities for each apartment
• One unit occupied under a month‑to‑month Section 8 arrangement

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Acupuncture Locksmith Storage Facility Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

1,123

Businesses Nearby

Explore this area Business Placement

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 four-bedroom apartments include separate utilities, with one occupied and the other available for a new tenant.

Where is this duplex located?

The property is located at 604 3rd St Albany, NY.

What are key features of this property?

This property features: Two four‑bedroom apartments; Separate utilities for each apartment; One unit occupied under a month‑to‑month Section 8 arrangement