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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,232 sqft
Price per Sqft $145
MLS Listing ID 202615627
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,850
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Duplex
Source Global MLS
Property Description
Come experience the space and see the potential for yourself.
Great investment opportunity in Albany! This updated two-family home offers strong rental income and is ideally located near Albany Medical Center, downtown Albany, and public transportation--making it highly attractive to tenants.
Each unit features a spacious 3-bedroom, 2 full bathroom layout, a rare find in the Albany rental market. The property is currently generating approximately $3,700/month in rental income ($1,800 + $1,900), with potential to increase rents to $1,850-$1,950 per unit.
Recent updates provide added value and peace of mind, including a fully renovated first-floor unit (2023), updated bathroom in the second-floor unit (2025), new water heater, maintenance-free front porch (2024), reinforced foundation (2024), attic insulation (2020), and a well-maintained slate roof.
Located just minutes from Washington Park, Albany Med, hospitals, colleges, restaurants, and major employers, this property benefits from strong and consistent rental demand. Easy access to public transportation makes it ideal for tenants seeking convenience and accessibility.
Perfect for investors looking for cash flow or owner-occupants interested in living in one unit and renting the other.
Location
State NY
County Albany
Direction South Lake to Yates
Interior
Heating Forced Air, Natural Gas
Exterior
Exterior Feature Other
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 65.77-1-14
Special Listing Condition Other
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Erin Steinbach
Lic. Associate R. E. Broker | License ID: 10301217507
Lic. Associate R. E. Broker License ID: 10301217507