290 Morton Ave Albany, NY 12209
Delaware Avenue NeighborhoodEstimated payment $2,418/month
Highlights
- Downtown View
- Open Floorplan
- Traditional Architecture
- Albany High School Rated A-
- Deck
- Cathedral Ceiling
About This Home
Offered for the first time in over 30 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit.
At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,107
Year Built
- Built in 1921
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 29.3 x 88
- Landscaped
- Cleared Lot
- Garden
Home Design
- Quadruplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 3-Story Property
- Open Floorplan
- Built-In Features
- Crown Molding
- Cathedral Ceiling
- Dining Room with Fireplace
- Downtown Views
- Solid Surface Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Ceramic Tile in Bathrooms
Attic
- Full Attic
- Finished Attic
Finished Basement
- Heated Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Apartment Living Space in Basement
- Finished Basement Bathroom
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
Schools
- Albany High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- The owner pays for gas, electricity, heat, water
- Legal Lot and Block 3.000 / 2
- Assessor Parcel Number 010100 76.47-2-3
Community Details
Overview
- No Home Owners Association
- Association fees include sewer
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,927 | $186,000 | $37,200 | $148,800 |
| 2024 | $4,927 | $186,000 | $37,200 | $148,800 |
| 2023 | $3,807 | $92,000 | $18,400 | $73,600 |
| 2022 | $3,726 | $92,000 | $18,400 | $73,600 |
| 2021 | $3,718 | $92,000 | $18,400 | $73,600 |
| 2020 | $3,491 | $92,000 | $18,400 | $73,600 |
| 2019 | $3,622 | $92,000 | $18,400 | $73,600 |
| 2018 | $3,499 | $92,000 | $18,400 | $73,600 |
| 2017 | $1,335 | $92,000 | $18,400 | $73,600 |
| 2016 | $3,393 | $92,000 | $18,400 | $73,600 |
| 2015 | $3,439 | $93,700 | $18,700 | $75,000 |
| 2014 | -- | $93,700 | $18,700 | $75,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $369,900 | -- | $183 / Sq Ft |
Source: Global MLS
MLS Number: 202614643
APN: 010100-076-047-0002-003-000-0000
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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Ask me questions while you tour the home.