$995,000

Estimated payment $6,722/month

Total Views 7,250
12 Beds
8 Baths
6,108 Sq Ft
$163 Price per Sq Ft

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Baseboard Heating
  • No HOA
  • Bathroom on Main Level
  • 4-minute walk to Duffy Park

About This Home

Net Operating Income of $75,000 at a 7.5% Capitalization Rate. Exceptional investment opportunity: 8-unit multi-family property in Albany's sought-after Pine Hills neighborhood. Strong rental history with updated, well-maintained apartments. On-site laundry increases tenant appeal. Prime location—minutes from downtown, Albany Med, Lark Street, universities, and major employers. High-demand area with solid rental income potential and low vacancy rates. Recent updates include new gutters (2025), a brand-new garage roof (2025), and a restored main roof (2024). In 2025, the owner/manager's room—also ideal as a 3rd bedroom for Apartment 8—was renovated and features its own private exterior entrance, three windows, a closet, and an exterior door. Fully occupied.

Listing Agent

Brian Ward

Coldwell Banker Prime Properties License #30WA0495870 Listed on: 07/10/2025

Coldwell Banker Prime Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,611

Year Built

  • Built in 1919

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Stucco

Interior Spaces

  • 6,108 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Bathroom on Main Level
  • 8 Full Bathrooms

Schools

  • Albany High School

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 69.000 / 2
  • Assessor Parcel Number 010100 65.77-2-69

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Insurance Expense $4,418

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,611

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Electric Expense: 5156.0
  • Year Built: 1919
  • Directions: Madison Avenue to Quail Street.
  • Above Grade Finished Sq Ft: 6108.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.14
  • Parking Features Parking Total: 4.0
  • Electric Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Income And Expenses Maintenance Expense: 1800.0
  • Water Sewer Expense Description: Estimated
  • Rental Income: 8525.0
  • Rental Income Description: Monthly
  • Income: 103800.0
  • Income Description: Yearly
  • Flooring:Hardwood: Yes
  • Flooring:Wood: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood, Hardwood
  • Basement: Full
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 6108.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 1st
  • Bathroom Levels Full Bathroom 5: 2nd
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 2nd
  • Full Basement: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Stucco
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Other, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 4.0
  • Property Detail:Garage Spaces: 2.0
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Other41: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Hot Water, Natural Gas
  • 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 Water Sewer Expense: 1640.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.77-2-69
  • Lot Size Sq Ft: 6098.4

Multi Family

  • Insurance Expense: 4418.0
  • Number Of Units Total: 8
  • Maintenance Expense: 1800.0

Tax Info

  • Tax Annual Amount: 15611.0
  • Tax Block: 2
  • Tax Lot: 69.000
  • Tax Tract: 65.77

MLS Schools

  • HighSchool: Albany

Map

Range of Values:

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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
07/10/2025 07/10/25 For Sale $995,000 +95.1% $163 / Sq Ft
04/27/2022 04/27/22 Sold $510,000 -2.8% $83 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $524,900 -- $86 / Sq Ft
Source: Global MLS

Source: Global MLS

MLS Number: 202521392

Global MLS