Prime Investment Opportunity: High-Yield Multi-Family in Albany
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity.
Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant.
Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
Property Type(s):
Multi Family
|
Last Updated
|
3/2/2026
|
Year Built
|
1920
|
|
County
|
Albany
|
SCHOOLS
Price History
|
Prior to Mar 2, '26
|
$215,000 |
| Mar 2, '26 - Today |
$199,000 |
Additional Details
| AIR |
None |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Block, Other |
| EXTERIOR |
None |
| HEAT |
Natural Gas, Radiant |
| LOT |
2614 sq ft |
| LOT DIMENSIONS |
0.06 |
| SEWER |
Public Sewer |
| STYLE |
Other |
| TAXES |
4207.2 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Weichert Realtors-Reliable Properties
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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