124 Hamilton Street

Albany, NY 12207

$310,000
Last Sold Price
5
Beds
3
Baths
4,584 Sq. Ft.
$68 / Sq. Ft.
4,584
Sq. Ft.
$68
per Sq. Ft.

Description

This outstanding brick 3-unit property offers terrific cash flow potential in a prime downtown Albany location. One of the apartments spans two floors and is estimated to generate $30,000 in annual rent. The other two units also have high rent potential due to the desirable location, with views of the Times Union Center and within walking distance to local amenities. A rare feature for downtown properties, this building includes off-street parking, adding significant value for future tenants. Additionally,...This outstanding brick 3-unit property offers terrific cash flow potential in a prime downtown Albany location. One of the apartments spans two floors and is estimated to generate $30,000 in annual rent. The other two units also have high rent potential due to the desirable location, with views of the Times Union Center and within walking distance to local amenities. A rare feature for downtown properties, this building includes off-street parking, adding significant value for future tenants. Additionally, the property package includes 124 Hamilton and 39 Van Zandt Street, expanding investment opportunities. This is a prime opportunity for investors seeking properties with strong rental potential in a sought-after location. Showings will begin on Monday, 9/16.
  1. Listed by Scott J Alvarez • RE/MAX Solutions

Property Details for 124 Hamilton Street

Architectural Style
Traditional
Waterfront
No
Parking Total
3.00
LISTING UPDATED: 11/20/2024 12:30 PM

Property Details for 124 Hamilton Street

StatusClosed
MLS #202425380
Days on Market24
Taxes$8,265 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1846
Lot Size0.07 AC / 3,049 SF
CountyAlbany County

Building Information for 124 Hamilton Street

Stories-Residences-Year Built1846Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 124 Hamilton Street

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Coming from NYC on the Thruway take exit 23
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12207
  • County Or Parish: Albany
  • Latitude: 42.65
  • Longitude: -73.76
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 9
  • Tax Block: 2
  • Parcel Number: 010100 76.49-2-9
  • Tax Tract: 76.49
  • Tax Annual Amount: $8,265.00
Parking
  • GarageSpaces: .00
  • Attached Garage: No
  • Parking Features: Off Street, Paved, Driveway
School Information
  • School District: Albany
  • High School: Albany
  • Elementary School: Giffen Memorial
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1846
  • Above Grade Finished Area: 4584.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 1308.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3049.2
Building Information
  • Living Area: 4584.0
Utilities
  • Water Source: Public
  • Utilities: Cable Available
  • Separate Utilities : Heat: Yes
Interior and Exterior Features
Exterior Features
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Fencing: Other
Interior Features
  • Interior Features: Other
  • Heating: Hot Water
  • Electric: 100 Amp Service
  • Basement: Finished
  • Construction Materials: Brick
  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Notational: 3.00
  • Bedrooms Total: 5
  • Bathrooms Full: 3
  • Bathrooms Half: 0
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 1
Unit 2
  • Unit Detail : Total Bedrooms: 2
Unit 3
  • Unit Detail : Total Bedrooms: 2

Property History for 124 Hamilton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 Hamilton Street

Taxable ValueLand$38,800Additions$155,200Total$194,000
Home Facts
Baths3Total Finished SqFt5,892 SqFtAbove Grade Finished SqFt4,584 SqFtFinished Basement SqFt1,308 SqFtStories3Lot Size3,045 SqFtStyleTriplexYear Built1846ZoningR2CCountyALBANYAPN010100 76.49-2-9

Schools near 124 Hamilton Street

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Giffen Memorial Elementary School
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Solutions

©2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.