186 2nd Avenue, Albany, NY 12202 (MLS # 202610659)

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. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity. The Highlights Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately. Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ''refresh''"”paint, minor flooring, and appliances"”will easily bridge the gap to top-tier rental premiums. 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. Property Features Type: Multi-Family Investment Units: Large, versatile apartments Status: Vacant on transfer Location: Conveniently located near public transit, local amenities, and major commuter routes in Albany. Investor Note: Properties with 4-bedroom subsidy potential are in extremely high demand and short supply. This is a rare chance to capture higher-than-average vouchers with a very manageable ''light lift'' renovation. 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

Last Updated	1/15/2026	Year Built	1920
County	Albany

SCHOOLS

High School	Albany

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

 

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