This research paper examines the synthesis and characterization of Y-type hexaferrite Ba2Co2Fe12O22 nanoparticles produced using the sol-gel method. The study explores their structural, magnetic, and electrical properties, confirming the successful synthesis of pure-phase hexaferrites with a hexagonal structure at an annealing temperature of 1150 °C. Morphological analysis reveals changes in nanoparticle diameter based on varying annealing temperatures. The Ba2Co2Fe12O22 nanoparticles display soft ferrimagnetism, achieving a peak saturation magnetization of 52.31 emu/g at 1150 °C, along with notable magnetocrystalline anisotropy and anisotropy field. Investigations on magnetocapacitance and magnetoconductivity under magnetic fields revealed improved performance, with high magnetocapacitance (MC%) and magnetoconductivity (MσAC%) percentages of 24 % and 21 %, respectively. This suggests the potential utility of these nanoparticles in applications such as permanent magnets, magnetic recording media, and spintronic devices.