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Arbor Hill Multifamily Home for Sale

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    $195,900

    • 6 Beds
    • 2 Baths
    • 2,328 Sq Ft

    219 1st St, Albany, NY 12210

    This well-maintained 2-family property offers a fantastic investment opportunity with steady rental income. Both units are fully rented with long-term tenants providing a reliable cash flow. Each unit features 3 bedrooms and 1 full bathroom and plenty of living space. Don't miss this one!

    Donna Clanton Venture Realty Partners

    219 1st St, Albany, NY 12210

Why Live in Arbor Hill

Arbor Hill in Albany is undergoing revitalization, with abandoned homes being transformed into habitable spaces, appealing to first-time homebuyers and investors. The neighborhood received $77.5 million in funding for improvement projects in 2014, and initiatives like the “Love Your Block” grant program aim to reduce violent crime. Arbor Hill features wooden rowhouses, multifamily units, and some detached single-family homes on compact lots. Just a mile from Downtown Albany, Arbor Hill is walkable with extensive sidewalks and numerous bus stops. Major routes such as U.S. Route 9 and New York State Route 32 border the area, facilitating easy commutes.

Educational opportunities include Arbor Hill Elementary School, offering hands-on nature lessons and community resources, followed by William S. Hackett Middle School and Albany High School, both with high ratings. The University at Albany’s Downtown Campus is just over a mile away. While Arbor Hill is considered a food desert, initiatives like the Veggie Mobile provide fresh produce weekly. Dining options include Tanpopo Ramen and Sake Bar, The Olde English Pub & Pantry, Roy's Caribbean Restaurant, and Nine Pin Cider Works.

Community amenities are robust, with Arbor Hill Park hosting sports games and cookouts, and the Arbor Hill Community Center offering youth programs and fitness facilities. The Arbor Hill/West Hill Library organizes events like “Super Smash Fridays” for teens. Cultural attractions include the Albany Barn, which collaborates with local organizations to provide artistic experiences, and the Capital Repertory Theatre, known for its quality performances. The neighborhood also enjoys community events such as Albany’s St. Patrick’s Day Parade, fostering local engagement.

Home Trends in Arbor Hill, NY

Housing Trends

Median Sale Price
$336,490
Median Single Family Sale Price
$336,490
Average Price Per Sq Ft
$212
Number of Homes for Sale
1
Last 12 months Home Sales
96
Months of Supply
0.10
Median List Price
$344,290
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-5%
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