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.
Property Type(s):
Multi Family
|
Last Updated
|
7/10/2025
|
Year Built
|
1919
|
|
Garage Spaces
|
2.0
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Stucco |
| EXTERIOR |
None |
| GARAGE |
Yes |
| HEAT |
Baseboard, Hot Water, Natural Gas |
| LOT |
6098 sq ft |
| PARKING |
Other, Driveway |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit |
| TAXES |
15611 |
| WATER |
Public |
Location
This listing courtesy of Coldwell Banker Prime Properties
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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