475 Hamilton St Albany, NY 12203
Pine Hills NeighborhoodEstimated payment $2,174/month
Highlights
- Traditional Architecture
- Full Attic
- Bathroom on Main Level
- Wood Flooring
- No HOA
- 2-minute walk to Madison Avenue Park
About This Home
HIGHEST & BEST DUE WED. 9/17 @ 10 AM. 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!
Listing Agent
Miranda Real Estate Group Inc License #10401221904 Listed on: 09/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,831
Year Built
- Built in 1890
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 33x115.2
Home Design
- Duplex
- Traditional Architecture
- Wood Siding
- Asphalt
Interior Spaces
- 3,320 Sq Ft Home
- 2-Story Property
- Full Attic
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Schools
- Albany High School
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- The owner pays for trash collection, sewer, water
- Legal Lot and Block 47.000 / 3
- Assessor Parcel Number 010100 65.61-3-47
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,288 | $339,000 | $67,800 | $271,200 |
| 2023 | $7,354 | $182,000 | $36,400 | $145,600 |
| 2022 | $7,195 | $182,000 | $36,400 | $145,600 |
| 2021 | $7,179 | $182,000 | $36,400 | $145,600 |
| 2020 | $7,327 | $182,000 | $36,400 | $145,600 |
| 2019 | $7,406 | $182,000 | $36,400 | $145,600 |
| 2017 | $4,071 | $182,000 | $36,400 | $145,600 |
| 2016 | $7,093 | $182,000 | $36,400 | $145,600 |
| 2015 | -- | $170,300 | $34,100 | $136,200 |
| 2014 | -- | $170,300 | $34,100 | $136,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | Pending | -- | -- | -- |
| 09/10/2025 09/10/25 | For Sale | $269,900 | 0.0% | $81 / Sq Ft |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 01/29/2025 01/29/25 | For Rent | -- | -- | -- |
| 07/20/2017 07/20/17 | Sold | $165,000 | -2.9% | $50 / Sq Ft |
| 05/30/2017 05/30/17 | Pending | -- | -- | -- |
| 05/16/2017 05/16/17 | Price Changed | $169,900 | -5.6% | $51 / Sq Ft |
| 02/21/2017 02/21/17 | For Sale | $179,900 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $167,500 | Commercial |
Source: Global MLS
MLS Number: 202525498
APN: 010100 65.61-3-47
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393