475 Hamilton St Albany NY 12203
Price $ 269,900
Listing ID 202525498
Property Type Multifamily
Beds 6
Baths 2
House Size 3320
Description
Great opportunity for either an investor or an owner-occupant! This Albany duplex is ideally situated and has a strong rental history, particularly with student housing, making it a reliable income-producing property. The property remained occupied until the end of June 2025. The first-floor unit features 4 bedrooms and 1 full bath, most recently rented for $2,200 per month plus $600 in water fees. The second-floor unit offers 3 bedrooms and 1 full bath, with a history of $1,800 per month plus $450 in water fees. Both units offer spacious layouts and strong rental appeal, ensuring continued demand. With a projected cap rate of approximately 10%, this property offers excellent cash flow potential. Its prime location and solid rental history, make it perfect for those looking to generate immediate income or occupy one unit while collecting rent from the other. A smart addition to any portfolio!
Location
Property Features
 Close to gym/workout facility
 Close to shopping
 Near highway/freeway
 Near schools
 Public transportation access
 Eat-in kitchen
 Gas heating
Listed By:   Willie Miranda   Miranda Real Estate Group, Inc.  518-348-2060