Price $189,900
Status Active
Beds 4
Baths 2 Baths
Home size 1,890 sqft
Lot Size 1,307 sqft
Days on Market 22
Financing can be conventional residential for this building (does not have to be commercial). Fantastic upside potential in this well maintained 2 family property featuring long term tenants and an on site income producing laundry operation. The lower level includes four coin operated washers and four coin operated dryers, currently offered exclusively to the owner's tenants, including his tenants from his surrounding properties. The laundry fluctuates anywhere from $250-$500 per month in additional income. The two residential units currently rent for $850 and $900 per month, providing immediate cash flow with significant room for growth. Both units are spacious, offering large bedrooms, generous closet space, hardwood flooring, and ceramic tiled bathrooms. The property is located in an area undergoing active redevelopment, with nearby lots being developed into brand new 2- & 3-unit buildings. This presents a strong opportunity to capitalize on the ongoing revitalization of the neighborhood. Fair market rents in ZIP code 12202 is $1,420 per unit, making this an excellent value add investment.
Property Type(s): Multi Family
Last Updated 2/27/2026 Year Built 1890
County Albany

SCHOOLS

High School Albany

Additional Details

AIR None
BASEMENT None
CONSTRUCTION Brick, Wood Siding
EXTERIOR None
HEAT Baseboard, Natural Gas
LOT 1307 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 21.2 X 60
PARKING None, No Garage
SEWER Public Sewer
STYLE Traditional
TAXES 3958
UTILITIES Sewer Connected
WATER Public

Location

 

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