$575,000
PENDING

Estimated payment $4,160/month

Total Views 5,391
11 Beds
5 Baths
5,957 Sq Ft
$97 Price per Sq Ft

Highlights

  • City View
  • Built-In Features
  • Ceramic Tile Flooring
  • No HOA
  • Window Unit Cooling System
  • 1-minute walk to McKown Park

About This Home

Fantastic 5-unit investment property in beautiful Albany! This stunning, large brick building has been meticulously maintained for over 20+ years by the current owner. This is a rare find, one that offers both charm and strong investment potential. Featuring five spacious apartments, this property boasts gleaming real hardwoods floors, updated kitchens & bathrooms, and coin operated laundry room for tenant convenience. Enjoy the benefits of long-term tenants and excellent cash flow, making this a prime opportunity for any investor. The property includes a two-car garage and off street parking. Situated in the heart of Albany, this well maintained building is perfect for generating steady rental income while appreciating in value. Dont miss out on this incredible investment.

Listing Agent

Mark Goodall

Core Real Estate Team License #10301221476

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,665

Year Built

  • Built in 1964

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x103
  • Property fronts a private road
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Garden

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 5,957 Sq Ft Home
  • Built-In Features
  • City Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms
  • Ceramic Tile in Bathrooms

Finished 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

Schools

  • Albany High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 14.000 / 2
  • Assessor Parcel Number 010100 76.62-2-14
  • Seller Concessions Offered

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Insurance Expense $2,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,665

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Zoning: Multi Residence
  • Year Built: 1964
  • Directions: 787 to Second Ave to Oconnell St
  • Above Grade Finished Sq Ft: 5957.0
  • Architectural Style: Apartment 4 Plus Unit
  • Fuel Cost Description Fuel Cost: 4894
  • Lot Size Acres: 0.12
  • Lot Size: 50x103
  • Parking Features Parking Total: 5.0
  • Sale Detail Buyer Zip Code: 12206
  • Number Of Separate Electric Meters: 5
  • Gas Expense Description: Actual
  • Insurance Expense Description: Actual
  • Income And Expenses Maintenance Expense: 3345.0
  • Water Sewer Expense Description: Actual
  • Rental Income: 66900.0
  • Rental Income Description: Actual
  • Unit Information Number Of Dryers: 2
  • Number of Refrigerators: 5
  • Unit Information Number Of Stoves: 5
  • Unit Information Number Of Washers: 2
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Carpet, Ceramic Tile, Laminate
  • Basement: Apartment, Finished, Full, Walk-Out Access
  • Interior Amenities: High Speed Internet, Built-in Features, Ceramic Tile Bath
  • Full Bathrooms: 5
  • Total Bedrooms: 11
  • Living Area: 5957.0
  • Bathroom Levels Full Bathroom 1: Basement
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 2nd
  • Basement:Walk-Out Access: Yes
  • Interior Features:High Speed Internet: Yes
  • Full Basement: Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Interior Features:Built-in Features: Yes
  • Basement:Apartment: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Gas7: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 1 Owner Furnish Features:Gas6: Yes
  • Unit 3 Owner Furnish Features:Gas8: Yes
  • Unit 4 Owner Furnish Features:Gas9: Yes
  • Unit 5 Owner Furnish Features:Gas10: Yes

Exterior Features

  • Exterior Features: Garden
  • Roof: Shingle
  • Construction Type: Brick
  • Fencing: Back Yard
  • Foundation Details: Block
  • Other Structures: Garage(s)
  • View: City
  • Waterfront: No
  • Lot Features:Landscaped: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Road Frontage: Yes
  • Exterior Features:Garden: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 5.0
  • Property Detail:Garage Spaces: 2.0
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage: Yes
  • Other Structures:Garage(s): Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heating: Baseboard, Hot Water, Natural Gas
  • Security: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 4894.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Level, Landscaped, Road Frontage
  • Parcel #: 010100 76.62-2-14
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Insurance Expense: 2776.0
  • Number Of Units Total: 5
  • Maintenance Expense: 3345.0

Tax Info

  • Tax Annual Amount: 11665.0
  • Tax Block: 2
  • Tax Lot: 14.000
  • Tax Tract: 76.62

MLS Schools

  • HighSchool: Albany

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Pending -- -- --
03/27/2025 03/27/25 For Sale $575,000 -- $97 / Sq Ft
Source: Global MLS

Similar Homes in Albany, NY

  • 173 Madison Ave, Albany, NY 12202

    $650,000

    • 10 Beds
    • 4 Baths
    • 5,250 Sq Ft
    • 173 Madison Ave
    • Albany, NY

    Prime Investment Opportunity at 173 Madison Avenue!Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in 3 units, and a successful short-term rental in the 4th. This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added

    Andrea Tallman KW Platform

    Section Image
  • 484 Yates St, Albany, NY 12208

    $499,000

    • 13 Beds
    • 6 Baths
    • 3,392 Sq Ft
    • 484 Yates St
    • Albany, NY

    Fully Rented 6 Unit in Pine Hills. Some units have been renovated, Separate utilities and off street parking. Always rented in a proximity to schools, hospitals and state offices.Current Gross annual Rent $72,480 48 Hours Notice for showingsShowings on Wednesdays 12-6, Saturdays 11-6, Sundays 12-4

    Rob Grundman Big Blue Realty Group Inc

    Section Image
  • 40 Ontario St, Albany, NY 12206

    $540,000

    • 12 Beds
    • 6 Baths
    • 8,820 Sq Ft
    • 40 Ontario St
    • Albany, NY

    Income-producing 6-unit brick building in the heart of Albany! Fully rented and generating nearly $6,000/month in gross income, this property offers a solid investment opportunity. Low-maintenance brick exterior, long-term tenants, and prime location close to amenities, public transportation, and downtown. Don't miss this turnkey cash-flowing gem!*Property includes two parcels 40 & 42

    George Mossad Coldwell Banker Prime Properties

    Section Image

Source: Global MLS

MLS Number: 202514094

Global MLS