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Listed by Brian J Ward • Coldwell Banker Prime Properties
$ 995,000
Est. payment | /mo
12 Beds
8 Baths
6,108 SqFt
$ 995,000
Est. payment | /mo
12 Beds
8 Baths
6,108 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,108 sqft
Price per Sqft $162
MLS Listing ID 202521392
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1919
Annual Tax Amount $15,611
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multi Family
Source Global MLS
Property Description
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 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.
Location
State NY
County Albany
Direction Madison Avenue to Quail Street.
Interior
Heating Baseboard, Hot Water, Natural Gas
Flooring Wood, Hardwood
Exterior
Exterior Feature None
Parking Features Other, Driveway
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Albany
Others
Tax ID 010100 65.77-2-69
Special Listing Condition Standard
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