475 Hamilton St

Albany NY 12203

3920 sq. ft.

Multi-Family

Last sold for $275,000

Lucy Ann Sokaris, last sold this property on 23 January 2026 after 135 days on market.

Overview

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! Buyer backed out right before the closing, no explanation. Some tlc and this money maker will bring in even more cash flow. Priced to Sell!

Features

6 bedrooms

2 bathrooms

3920 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Albany over the last 12 months.

Property history for 475 Hamilton St

2026

Sold

$275,000

23 Jan 2026 by Lucy Ann Sokaris, of Miranda Real Estate Group, Inc

2017

Sold

$165,000

20 Jul 2017 by Kevin Clancy, of Clancy Real Estate

2008

Sold

$175,000

11 Aug 2008 by Selina Sham, of Veronica W. Lynch, Inc.

Happy sellers in Albany

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