39 Exchange St Albany, NY 12205
Estimated payment $1,772/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).
---------
Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.
House Lease: $1,700/month, secured until July 31, 2025.
Garage Lease: $1,500/month, secured until December 31, 2025
---------
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.).
-------
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 | $3,574 | $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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
- 20 Richmond St
- 34 Russell Rd
- 1 Old Myers Dr
- 149 Exchange St
- 38 Garfield Place
- 42 Garfield Place
- 40 Garfield Place
- 38 Danker Ave
- 82 Wilkins Ave
- 50 N Manning Blvd
- 37 Buell St
- 455 Bradford St
- 37-39 N Manning Blvd
- 4 Frost Place
- 41-43 N Manning Blvd
- 20 Crestone Rd
- 21 Tremont St
- 9 Rawson St
- 53 N Manning Blvd
- 15 N Manning Blvd
- 28 Everett Road Extension
- 12 Corning St Unit 1st. Floor
- 64 Sand Creek Rd Unit main building
- 67 Sand Creek Rd Unit 1
- 30 Wilkins Ave
- 1 Bleecker Terrace
- 60 Colvin Ave
- 129 Lincoln Ave
- 14 Weymouth St Unit Second Floor
- 1057 Washington Ave Unit First Floor
- 1064 Washington Ave Unit 2
- 522 3rd St Unit 1
- 80 N Allen St Unit 3A
- 80 N Allen St Unit 3B
- 888 Lancaster St Unit Lower level
- 669 Washington Ave Unit 3
- 400 Central Ave
- 255 Patroon Creek Blvd
- 798 Lancaster St Unit 4
- 9 Kent Unit 3 St