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… Read More 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. Read Less
Courtesy of Brian J Ward (518-229-7355), Coldwell Banker Prime Properties.
Listing Snapshot
Days Online
32
Last Updated
Property Type
Multi Family
Beds
12
Full Baths
8
Lot Size
0.14 Acres
Year Built
1919
MLS Number
202521392
Additional Details
Basement
Basement: "Full"
Building
Architectural Style: "Apartment 4 Plus Unit", Construction Materials: "Stucco", Living Area: 6,108, Number Of Units Total: 8, Year Built: 1919
Cooling
Cooling Included, Cooling: "Window Unit(s)"
Expenses
Electric Expense: 5156, Maintenance Expense: $1,800, Insurance Expense: $4,418
Exterior Features
Features: "None"
Floors
Flooring: "Wood", "Hardwood"
Garage
2 garage spaces
Heating
Heating: "Baseboard", "Hot Water", "Natural Gas", Heating Included
Lot
0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "Other", "Driveway", Parking Total: 4
Property
Parcel Number: 010100 65.77-2-69, Property Sub Type: Multi Family
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $15,611, Tax Lot: 69.000
Utilities
Water Source: "Public"
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