Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over… Read More within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner. Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses. Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run. Full OM and financials upon request! Read Less
Courtesy of Sage Baltrusaitis (248-506-0477), Empire Real Estate Firm LLC.
Listing Snapshot
Days Online
37
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
6
Lot Size
0.07 Acres
Year Built
1860
MLS Number
202622021
30 Days Snapshot Of 12210
$488k
+75%
(avg) sold price
2
0%
homes sold
109
+60%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: Other
Building
Architectural Style: Other, Construction Materials: Brick, Living Area: 2,544, Number Of Units Total: 4, Year Built: 1860
Exterior Features
Features: None
Heating
Heating: Forced Air, Heating Included
Lot
0.07 acres, Area: 0.07, 3,049 square feet
Property
Parcel Number: 010100 65.82-5-66, Property Sub Type: Quadruplex
Sewer
Sewer: Public Sewer
Taxes
Annual Amount: $7,871, Tax Lot: 66.000
Utilities
Water Source: Public
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