About This Home
This 4-bedroom, 3-bathroom multi-family at 342 Hamilton Street in Albany, NY is listed for $485,000 ($133 per sqft). Built in 1847, the home offers 3,649 sqft of living space on a 0.04 acres lot.
Key Features
- Built in 1847
- 0.04 acre lot
- 6 parking spaces
Property Details
Amenities
342-346 Hamilton Street offers a unique mixed-use opportunity in a prime downtown Albany location. The property includes office space, two apartments, and a private parking lot with six spaces. Owned and meticulously maintained by a nonprofit for the past 30 years, the property provides strong income and investment potential.
Note: 342 Hamilton Street refers to the building, and 346 Hamilton Street is the parking lot. The first floor is currently configured as professional office space and showcases beautiful original woodwork crafted by a skilled carpenter. The layout includes three private offices, a conference room, and a kitchenette, offering flexibility for an owner-user or potential to subdivide for additional rental income.
Newer central air serves the office space. The upper floors consist of two residential units, each offering two bedrooms and one full bath. The second floor unit is vacant and the third floor unit is currently rented on a month-to-month basis, generating $600/month. Separate utilities and panels are in place, and the water service line to the property has been replaced in recent years.
Monthly Cost Estimate
$2,594/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
342 Hamilton Street
Albany, NY 12210
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 3-bathroom multi-family at 342 Hamilton Street is listed at $485,000 ($133/sqft). The estimated monthly payment is $2,593 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1847, 0.04 acre lot, 6 parking spaces. Interior Features: Wall Paneling, Vaulted Ceiling(s), Built-in Features. Exterior Features: Garden.
This property is listed by Mark A Calicchia and can be reached at 5183206377.