Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is vacant and was rented for $1,515/month for the past 7 years, with projected market rent around $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.
Property Type(s):
Multi Family
|
Last Updated
|
3/5/2026
|
Year Built
|
1900
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
None |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Vinyl Siding |
| EXTERIOR |
None |
| HEAT |
Hot Water, Natural Gas |
| LOT |
2614 sq ft |
| LOT DIMENSIONS |
0.06 |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
5694.12 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Gendron's Property Management
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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