290 Morton Avenue, Albany, NY 12209
290 Morton Avenue, Albany, NY 12209
290 Morton Avenue, Albany, NY 12209
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Listed by Kevin Clancy • Clancy Real Estate
$369,900
Est. payment /mo
7 Beds
5 Baths
4,020 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Contingent - Continue To Show

Purchase Type For Sale

Square Footage 4,020 sqft

Price per Sqft $92

MLS Listing ID 202614643

Bedrooms 7

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 1921

Annual Tax Amount $5,107

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 29.3 X 88

Property Sub-Type Quadruplex

Source Global MLS

Property Description

Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit.
At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.

Location

State NY

County Albany

Direction Delaware ave to Morton Ave

Interior

Interior Features Solid Surface Counters, High Speed Internet, Built-in Features, Cathedral Ceiling(s), Ceramic Tile Bath, Crown Molding

Heating Baseboard, Hot Water, Radiant

Flooring Tile, Carpet, Hardwood

Fireplaces Number 2

Fireplaces Type Dining Room

Fireplace Yes

Exterior

Exterior Feature Garden

Parking Features Other

Utilities Available Cable Available

Porch Deck

Building

Lot Description Landscaped, Cleared

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.47-2-3

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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