NOT LISTED FOR SALE

56 Second Ave Albany, NY 12202

Albany Area
14 Beds
7 Baths
5,601 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: July 25, 2025

Last sale price $750,000 $134 Per Sq Ft

62 Days on Market

Highlights

  • 24-Hour Security
  • City View
  • No HOA
  • Albany High School Rated A-
  • Corner Lot
  • 3-minute walk to Hummel Street Park

About This Home

As of July 2025

Seize this rare opportunity to own a beautifully maintained 7-unit investment property in Albany, NY! Fully occupied and generating strong income, this property is a proven money-maker. Each unit has been updated and thoughtfully designed to maximize its potential. The property features its own parking lot, all separate utilities, as well as a dry, finished basement with coin operated washers and dryers. This building has been meticulously maintained for long term value and hassle-free ownership. Located in a desirable area with easy access to local amenities & highways, this is a turnkey investment you dont want to miss!

Last Agent to Sell the Property

Mark Goodall

Empire Real Estate Firm LLC License #10301221476 Listed on: 04/09/2025

Empire Real Estate Firm LLC

Last Buyer's Agent

Mark Goodall

Jandali Realty

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,000

Year Built

  • Built in 1901

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 53x89
  • Property fronts a private road
  • Corner Lot
  • Garden

Home Design

  • Tri-Level Property
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Built-Up Roof
  • Rubber Roof

Interior Spaces

  • 5,601 Sq Ft Home
  • Built-In Features
  • City Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full 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

Parking

  • 7 Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Schools

  • Albany High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Baseboard Heater
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water
  • Legal Lot and Block 2.000 / 3
  • Assessor Parcel Number 010100 76.72-3-2

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Additional Features

  • Insurance Expense $2,949
  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,000

Year Built

Built in 1901

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Electric Expense: 1500.0
  • Zoning: Multi Residence
  • Year Built: 1901
  • Directions: 787 to South Pearl St. to Second Ave.
  • Above Grade Finished Sq Ft: 5601.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.11
  • Lot Size: 53x89
  • Sale Detail Seller Contribution: Yes
  • Number Of Separate Electric Meters: 8
  • Electric Expense Description: Actual
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Actual
  • Rental Income: 93600.0
  • Rental Income Description: Actual
  • Unit Information Number Of Dryers: 4
  • Number of Refrigerators: 7
  • Unit Information Number Of Stoves: 7
  • Unit Information Number Of Washers: 4
  • Subdivision Name: Select One
  • Levels: Tri-Level
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Ceramic Tile, Vinyl
  • Basement: Walk-Out Access, Full, Apartment, Finished
  • Interior Amenities: High Speed Internet, Built-in Features
  • Full Bathrooms: 7
  • Total Bedrooms: 14
  • Living Area: 5601.0
  • 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
  • Bathroom Levels Full Bathroom 6: 3rd
  • Bathroom Levels Full Bathroom 7: 3rd
  • Interior Features: High Speed Internet, Built-in Features

Exterior Features

  • Exterior Features: Garden
  • Roof: Built-Up, Rubber, Flat
  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • View: City
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 7.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heating: Electric, Baseboard
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Fee Information

  • Annual Water Sewer Expense: 984.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Corner Lot, Road Frontage
  • Parcel #: 010100 76.72-3-2
  • Lot Size Sq Ft: 4791.6

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water

Multi Family

  • Insurance Expense: 2949.0
  • Number Of Units Total: 7
  • Maintenance Expense: 4680.0

Tax Info

  • Tax Annual Amount: 13000.0
  • Tax Block: 3
  • Tax Lot: 2.000

MLS Schools

  • HighSchool: Albany

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jul 25, 2025
Sold by
Bought by
Seller's Agent
Mark Goodall
Empire Real Estate Firm LLC
Buyer's Agent
Mark Goodall
Empire Real Estate Firm LLC
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$594,255
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2022
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 11, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 1997
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$750,000 Fidelity National Title
-- Chicago Title
$98,000 None Available
$152,500 None Available
-- Ingrid Wyllie
-- --
-- --
$70,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/25/2025 07/25/25 Sold $750,000 -0.9% $134 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
05/14/2025 05/14/25 Price Changed $756,800 -2.3% $135 / Sq Ft
04/09/2025 04/09/25 For Sale $775,000 0.0% $138 / Sq Ft
09/01/2017 09/01/17 Rented $945 0.0% --
08/25/2017 08/25/17 Price Changed $945 -1.0% --
07/19/2017 07/19/17 For Rent $955 +2.1% --
07/08/2017 07/08/17 Rented $935 0.0% --
06/13/2017 06/13/17 For Rent $935 -- --
Source: Global MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,401 $385,500 $16,000 $369,500
2024 $15,401 $385,500 $16,000 $369,500
2023 $13,536 $273,500 $10,900 $262,600
2022 $14,207 $273,500 $10,900 $262,600
2021 $13,886 $273,500 $10,900 $262,600
2020 $3,752 $50,000 $10,900 $39,100
2019 $1,969 $50,000 $10,900 $39,100
2018 $4,802 $50,000 $10,900 $39,100
2017 $2,809 $50,000 $10,900 $39,100
2016 $2,376 $50,000 $10,900 $39,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202514871

Global MLS

APN: 010100 76.72-3-2

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