Investor Opportunity or owner-occupant Dream!
Don't miss this income-generating duplex on Elk Street in one of Albany's most convenient locations. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income, this property offers flexibility and strong potential.
Key Highlights: 2nd Unit- Updated bathrooms, kitchen, flooring and new painting last year. Basement- new floor tiles and new paint.
High rental demand area.
Located just minutes from University at Albany, SUNY, Albany Medical Center, shopping and restaurants.
Active
Price cut: $10.1K (6/9)
$248,900
408 Elk Street, Albany, NY 12206
5beds
2,350sqft
Duplex, Multi Family
Built in 1916
-- sqft lot
$244,600 Zestimate®
$106/sqft
$-- HOA
What's special
New paintingUpdated bathrooms
- 80 days
- 208
- 10
Zillow last checked:
Listing updated:
Listed by:
Real Broker NY LLC 855-450-0442,
Wai Wai Paing 518-707-7482
Source: Global MLS,MLS#: 202613321
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Natural Gas
Cooling
- None
Features
- Basement: Finished
Interior area
- Total structure area: 2,350
- Total interior livable area: 2,350 sqft
- Finished area above ground: 2,350
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Exterior features: None
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 010100 65.55310
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding, Shingle Siding
- Roof: Built-Up
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $121,875
- Annual tax amount: $3,653
- Date on market: 6/9/2026
Estimated market value
$244,600
$232,000 - $257,000
$1,918/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $248,900-3.9%$106/sqft |
Source:  Global MLS #202613321 Report a problem | ||
| 3/14/2026 | Listed for sale | $259,000+370.9%$110/sqft |
Source: Global MLS #202613321 Report a problem | ||
| 10/16/2017 | Sold | $55,000-5.2%$23/sqft |
Source: Public Record Report a problem | ||
| 7/1/2016 | Listing removed | $58,000$25/sqft |
Source: EXIT Realty Capital's Choice #201611558 Report a problem | ||
| 6/7/2016 | Pending sale | $58,000$25/sqft |
Source: EXIT Realty Capital's Choice #201611558 Report a problem | ||
| 6/7/2016 | Listed for sale | $58,000-10.8%$25/sqft |
Source: EXIT Realty Capital's Choice #201611558 Report a problem | ||
| 9/1/2015 | Listing removed | $65,000$28/sqft |
Source: Hunt Real Estate ERA #201508242 Report a problem | ||
| 7/14/2015 | Listed for sale | $65,000+47.7%$28/sqft |
Source: Hunt Real Estate ERA #201508242 Report a problem | ||
| 11/4/2011 | Sold | $44,000-13.7%$19/sqft |
Source: Global MLS #201126000 Report a problem | ||
| 7/16/2011 | Price change | $51,000-3.8%$22/sqft |
Source: Prime Properties, Inc. #201032636 Report a problem | ||
| 5/7/2011 | Price change | $53,000-18.5%$23/sqft |
Source: Prime Properties, Inc. #201032636 Report a problem | ||
| 12/5/2010 | Price change | $65,000+10.2%$28/sqft |
Source: Coldwell Banker Prime Properties, Inc. #201032636 Report a problem | ||
| 10/24/2010 | Listed for sale | $59,000+306.9%$25/sqft |
Source: CENTURY 21 Select #201021512 Report a problem | ||
| 5/5/2008 | Sold | $14,500-61.8%$6/sqft |
Source: Global MLS #28102529 Report a problem | ||
| 1/16/2008 | Sold | $38,000+13.8%$16/sqft |
Source: Public Record Report a problem | ||
| 5/28/2003 | Sold | $33,390$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $117,000 |
| 2024 | -- | $117,000 +178.6% |
| 2023 | -- | $42,000 |
| 2022 | -- | $42,000 |
| 2021 | -- | $42,000 |
| 2020 | -- | $42,000 |
| 2019 | -- | $42,000 |
| 2018 | -- | $42,000 |
| 2017 | $1,517 +3.3% | $42,000 |
| 2016 | $1,468 | $42,000 +5% |
| 2015 | -- | $40,000 |
| 2014 | -- | $40,000 |
| 2013 | -- | $40,000 |
| 2012 | -- | $40,000 +60% |
| 2011 | -- | $25,000 |
| 2010 | -- | $25,000 |
| 2009 | -- | $25,000 -58.3% |
| 2008 | -- | $59,900 |
| 2007 | -- | $59,900 +71.1% |
| 2006 | -- | $35,000 |
| 2005 | -- | $35,000 |
| 2004 | -- | $35,000 |
| 2003 | -- | $35,000 |
| 2002 | -- | $35,000 |
| 2001 | -- | $35,000 |
| 2000 | -- | $35,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West Hill
Nearby schools
Schools provided by the listing agent
- High: Albany
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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