23 McAlpin Street, Albany, NY 12209 (MLS # 202524779)

Prime Investment Opportunity - 4-Unit Multi-Family Building Location: Heart of Albany, NY Year Built: 1980 Property Type: 4-Family Brick Building Property Overview: Exceptional investment opportunity featuring a meticulously maintained 4-unit brick building in Albany's desirable central location. This three-story property with full unfinished basement offers outstanding income potential with fully occupied, quality tenants in place. Unit Configuration Upper 2 Floors (2 Units): Two exceptionally spacious 2-bedroom apartments Oversized living rooms perfect for entertaining Dedicated formal dining rooms Flexible floor plans with potential for easy conversion to 3-bedroom units First Floor (2 Units): Two comfortable 1-bedroom apartments Ideal for young professionals or couples Premium Features & Recent Updates Recent Renovations (Within 2 Years): All four kitchens completely updated with granite countertops Modern appliances throughout All four bathrooms beautifully renovated Character & Quality: Original hardwood floors in excellent condition throughout all units Solid brick construction ensuring durability and low maintenance Full unfinished basement providing expansion potential Investment Highlights Fully Occupied with established, reliable tenants Consistent rental income stream Secure additional storage in basement for both tenants and owner Prime Albany location with strong rental demand Well-maintained property requiring minimal immediate investment Additional Storage Basement features secure storage areas providing added value for tenants while offering convenient storage solutions for property management needs. This turnkey investment property combines historic charm with modern updates, making it an ideal addition to any real estate portfolio. Listing agent is a part owner.

Last Updated	8/28/2025	Year Built	1980
County	Albany

SCHOOLS

High School	Albany

Additional Details

AIR	Wall Unit(s)
AIR CONDITIONING	Yes
BASEMENT	Unfinished, Yes
CONSTRUCTION	Brick
EXTERIOR	Other
HEAT	Baseboard, Hot Water, Natural Gas, Radiant
LOT	3920 sq ft
LOT DIMENSIONS	0.09
PARKING	Off Street, Driveway
SEWER	Public Sewer
STYLE	Other, Traditional
TAXES	8643.35
UTILITIES	Sewer Connected
WATER	Public

Location

 

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