Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a proven rental history, previously generating $3,275 per… Read More month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a highly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students, medical professionals, state employees, and young professionals, with limited inventory of quality multifamily housing. Whether you're looking for a strong income-producing asset, a house-hack opportunity, or a long-term hold in a stable upstate New York market, 27 N Lake Ave offers immediate upside and lasting value. Read Less
Courtesy of Ryan Gallup (518-618-5736), Gallup Property Group LLC.
Listing Snapshot
Days Online
161
Last Updated
Property Type
Duplex
Beds
6
Full Baths
2
Lot Size
0.07 Acres
Year Built
1900
MLS Number
202530845
30 Days Snapshot Of 12203
$355k
-1%
(avg) sold price
13
+18%
homes sold
62
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Full"
Building
Architectural Style: "Traditional", Construction Materials: "Aluminum Siding", Living Area: 2,364, Number Of Units Total: 2, Year Built: 1900
Cooling
Cooling Included, Cooling: "Window Unit(s)"
Exterior Features
Features: "None", Patio And Porch Features: "Rear Porch", "Enclosed", Patio And Porch Features: "Rear Porch", "Enclosed"
Fence
Fencing: "Wood", "Back Yard", "Chain Link"
Floors
Flooring: "Vinyl"
Foundation
Foundation Details: "Block"
Heating
Heating: "Forced Air", "Natural Gas", Heating Included
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