$329,000
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27 N LAKE AVE Unit 27 ALBANY, NY 12203
Duplex
Residence
6
Beds
2
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a ...proven rental history, previously generating $3,275 per month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a highly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students, medical professionals, state employees, and young professionals, with limited inventory of quality multifamily housing. Whether you're looking for a strong income-producing asset, a house-hack opportunity, or a long-term hold in a stable upstate New York market, 27 N Lake Ave offers immediate upside and lasting value.
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MLS#
202530845
Property Type
Duplex
Bedrooms
6
Bathrooms
2 Full
Year Built
1900
Lot Size
0.07
Sewer
Other, Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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