Duplex with Separate Utility
610-612 Morris Street Albany, NY 12208
610-612 Morris Street, Albany, NY, 12208
$329,900
For Sale
Under Contract
$329,900
MULTI_FAMILY - Albany, NY
Property Size2,544 SF
Lot Size0.08 Acres
Price / SF$129.68
Days on Market30
Property Features for 610-612 Morris Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 2
- Window features
- Aluminum Frames, Wood Frames
- Patio and Porch features
- Porch
- Interior features
- Walk-In Closet(s), Built-in Features
- Basement
- Unfinished, Full
- Standard status
- Active Under Contract
- APN
- 010100 64.67-2-22
- Size
- 2,544 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7230
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Radiant, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Aluminum Siding
- Roof type
- Shingle, Asphalt
Listing agency
Homecoin.com
(888) 400-2513
Listed by
Jonathan Minerick · License #10311209448
(888) 400-2513
Added: Jun 24 Updated: Jul 1 at 1:08PM Checked: Jul 23 at 10:06AM
MLS# 202620286
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.
This for-sale duplex is configured as two separate units, each with four bedrooms and one bathroom, together offering an eight-bedroom total. The property is described as having completely separate meters, with tenants responsible for gas and electric. The listing also notes recent rents in the range of $4,000 to $4,200 per month.
The duplex is located at 610-612 Morris Street in Albany, NY 12208, in a Multi Residence zoning designation. The property is described as sitting directly across from a former college campus, now Albany County Sheriff HQ and other government offices. The listing further describes nearby access to Albany Med and St. Peter’s Hospital, noted as about 1.3 miles by foot, and bus stops described as roughly 5 minutes by foot.
With two self-contained units and tenant-paid gas/electric via separate meters, this property may appeal to buyers seeking a straightforward residential income setup with clear utility responsibility. The layout also lends itself to tenant types that prefer multi-bedroom arrangements, including households working in or near the nearby medical facilities identified in the remarks.
The duplex is located at 610-612 Morris Street in Albany, NY 12208, in a Multi Residence zoning designation. The property is described as sitting directly across from a former college campus, now Albany County Sheriff HQ and other government offices. The listing further describes nearby access to Albany Med and St. Peter’s Hospital, noted as about 1.3 miles by foot, and bus stops described as roughly 5 minutes by foot.
With two self-contained units and tenant-paid gas/electric via separate meters, this property may appeal to buyers seeking a straightforward residential income setup with clear utility responsibility. The layout also lends itself to tenant types that prefer multi-bedroom arrangements, including households working in or near the nearby medical facilities identified in the remarks.
Key Highlights
- Large 8‑bed duplex with two separate units (4 beds, 1 bath each)
- Recent rents of $4,000–$4,200 per month
- Completely separate meters; tenants responsible for gas/electric
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 | $44.3k | $17.40 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $41.4k | $16.27 |
| − OpEx | −$12.4k | −$4.88 |
| NOI | $29.0k | $11.39 |
2,544 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.9K
$362.2K – $482.9K
NOI $28,972 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$671.2K
$587.3K – $783.1K
NOI $46,983 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with separate meters, featuring four-bed layouts in each unit for flexible residential income use.
Where is this duplex located?
The property is located at 610-612 Morris Street Albany, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Large 8‑bed duplex with two separate units (4 beds, 1 bath each); Recent rents of $4,000–$4,200 per month; Completely separate meters; tenants responsible for gas/electric
