Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner.
Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses.
Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run.
Full OM and financials upon request!
Property Type(s):
Multi Family
|
Last Updated
|
7/18/2026
|
Year Built
|
1860
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| BASEMENT |
Other, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
None |
| HEAT |
Forced Air |
| LOT |
3049 sq ft |
| LOT DIMENSIONS |
0.07 |
| SEWER |
Public Sewer |
| STYLE |
Other |
| TAXES |
7870.53 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Empire Real Estate Firm LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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