Welcome to this massive duplex in the heart of Albany featuring over 4,800 SF of living space and including 6 off street parking spaces!! Each spacious unit offers 4 bedrooms--one with 1.5 baths and the other with 1 full bath. Both units are currently rented with long-term tenants in place, providing strong and stable income. Updates include a roof less than 10 years old, newer flooring, newer water heaters, and some newer windows. The 2nd-floor unit offers central air, and both units feature forced-air natural gas heat. Full basement perfect for storage. Three-phase electric. Conveniently located near major bus lines, schools, and shopping along Delaware Ave. Minutes to Albany Med, St. Peter's Hospital, and quick access to I-787, I-90, and downtown Albany. A fantastic investment opportunity with excellent rental potential and solid updates throughout! PORTFOLIO DEAL AVAILABLE! Property can be sold with the triplex available next door at 292 Catherine Street (MLS #202527880.)
2 family -a perfect opportunity to owner occupy or invest!. Home features NEW laminate floors, New Roof, NEW paint with NEW stainless steel appliances. Add this investment property to your portfolio before its too late!
What an opportunity to own a rare, Recently remodeled, 3 Family house, in the heart of the student area, Pine Hills neighborhood of Albany. Fair Market rents via HUD for 12203 are $2,280.00. Close to everything Pine Hills Neighborhood has to offer. Right on bus line. Coin Operated washer and dryers included in sale. **New Roof**
Owner might offer some seller financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 8.86% CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are $1,300, $1,200, $1,050, $1,050, $1,127 (will be $1300 in July 2026), $1,017 & basement is $900. Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. Great tenants, enjoy the ease of collecting rent. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low). Owner may offer some owner financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.
Prime mixed-use building in Albany's vibrant Center Square neighborhood. Over 3,100 sq ft with a street-level commercial space (rented at $2,200/mo) approved for a variety of uses. Existing equipment provides a great starting point for food service operation. Three well-maintained residential units above generate $3,350/mo. One unit is a 1BR facing Lark St; another offers skyline views and private rooftop access. The top-floor unit features 3 bedrooms, 2 full baths, and in-unit laundry. Rare 2-car garage off Spring St for parking or deliveries. Gross annual income of $66,600. Steps from shops, restaurants, and Washington Park. Whether you're looking to expand your investment portfolio or establish a business in a high-visibility, high-foot-traffic location, this one is worth exploring.
Great investment property ready for new owner. A fantastic two-family investment property with positive cash flow is available in Albany. Both units have been recently repainted, providing a refreshed and updated appearance. It would be perfect for owner-occupied or investment. Each unit features three bedrooms and one bathroom, complete with hardwood flooring throughout. The large living rooms in both units provide a spacious and inviting atmosphere. Numerous updates have been completed in recent months, including new stairs, a renovated chimney, new windows, and an updated back porch. A charming backyard enhances the overall appeal of the property. Schedule your showing today. Both Floors are vacant. Easy to show,
Multi Use Building with first floor commercial space and three full floor apartments above. A Studio, a One Bedroom and a Two Bedroom apartment. The building was renovated around 2000, with modern updates, including high efficiency forced air heat and air condition in each residential unit. Rents are under market rates. The Laundry has been closed for 3+ years. Tenants pay heat, hot water, air conditioning and electric.
Rare multifamily opportunity in Albany. 800 Madison and 441 Yates Street, two parcels located back to back and offers off street parking. Combined 13 apartments. 800 Madison was renovated in 2017. With new kitchens and refreshed bathrooms. This building the landlord pays for heat/hot water and tenants pay a premium for such. 441 Yates street was gut rehabbed in 2020. Offering all new mechanicals, kitchens, baths, etc. Always rented and close to main attractions/employment in Albany. Both Buildings equipped with fob entry systems and intercoms. Both Buildings camera'ed. Great rental history here.
93 unit multifamily portfolio in A+ Locations. 11 Buildings and 1 vacant lot. Priced to Sell! With tons of potential to increase rents and value. Several properties offer have off street parking and some garages, owner pays heat/hot water in several buildings. Portfolio can not be split up. Must be sold as a package.
Three family and Two lots available on New Scotland Ave near Albany Medical Center and Washington Park. Next to the hospital's billion dollar expansion, the new YMCA, CVS, Baldini's, Chipotle, Starbuck's and Panera. Residential or commercial opportunity or both. 365 new apartment across the street at premium rents. Off street parking. Unique opportunity.
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Albany is located in New York. Albany, New York has a population of 99,402. Albany is less family-centric than the surrounding county with 19.68% of the households containing married families with children. The county average for households married with children is 27.09%.
The median household income in Albany, New York is $52,583. The median household income for the surrounding county is $73,810 compared to the national median of $69,021. The median age of people living in Albany is 31.6 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.5 degrees. The average rainfall is approximately 39.5 inches per year, with 51.6 inches of snow per year.
