39 Exchange St Albany, NY 12205
Estimated payment $1,761/month
Highlights
- Wood Flooring
- Stone Countertops
- 3 Car Detached Garage
- Old Style Architecture
- No HOA
- Ductless Heating Or Cooling System
About This Home
Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------
Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).
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Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.
House Lease: $1,700/month, secured until July 31, 2026.
Garage Lease: $1,500/month, secured until December 31, 2025
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Tenant-Occupied & Rented: Immediate rental income from day one. ---------------
Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.
Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).
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THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,714
Year Built
- Built in 1880 | Remodeled
Parking
- 3 Car Detached Garage
- Heated Garage
- Driveway
Home Design
- Old Style Architecture
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 1,200 Sq Ft Home
- Living Room
Kitchen
- Electric Oven
- Stone Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer
Schools
- Colonie Central High School
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Additional Features
- Shed
- 8,276 Sq Ft Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 012689 54.13-1-24.1
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 |
|---|---|---|---|---|
| 2024 | $3,628 | $76,000 | $15,200 | $60,800 |
| 2023 | $3,507 | $76,000 | $15,200 | $60,800 |
| 2022 | $2,182 | $76,000 | $15,200 | $60,800 |
| 2021 | $3,334 | $76,000 | $15,200 | $60,800 |
| 2020 | $3,296 | $76,000 | $15,200 | $60,800 |
| 2019 | $1,597 | $76,000 | $15,200 | $60,800 |
| 2018 | $3,207 | $76,000 | $15,200 | $60,800 |
| 2017 | $0 | $76,000 | $15,200 | $60,800 |
| 2016 | $3,157 | $76,000 | $15,200 | $60,800 |
| 2015 | -- | $76,000 | $15,200 | $60,800 |
| 2014 | -- | $76,000 | $15,200 | $60,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | For Sale | $275,000 | -- | $229 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $1,430,250 | Legacy Title | |
| Warranty Deed | -- | None Listed On Document | |
| Bargain Sale Deed | $115,000 | -- | |
| Warranty Deed | $60,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Global MLS
MLS Number: 202527323
APN: 012689-054-013-0001-024-001-0000
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