Investors and owner-occupants "” don't miss this beautifully renovated 3-family in Albany's Delaware Avenue neighborhood! With 3,699 sq ft, this 9-bedroom, 3-bath home offers three spacious units (3 bed / 1 bath each), ALL renovated within the past 2-3 years "” truly turnkey with minimal deferred maintenance. The 1st and 3rd floors are rented at $1,500/month each, and the 2nd floor is VACANT and ready for you to move right in: live in one unit and let the other two help pay your mortgage, or lease it out at an estimated $1,600-$1,700/month. Gross potential rent of $55,200-$56,400/year with a pro forma NOI of approx. $41,900-$43,100 (approx. 8.9%-9.2% cap rate at list price). Prime location just off Delaware Ave: steps to Lincoln Park "” home to the newly renovated $25M Lincoln Park Pool (free for Albany residents), plus tennis and basketball courts, ball fields and playgrounds; approx. 1 mile to Albany Medical Center, and close to Albany College of Pharmacy, Albany Law School and Sage College; minutes to downtown Albany, Empire State Plaza and I-787. Walk Score 78 "” Very Walkable and on the CDTA bus line. Strong income today with room to grow "” schedule your showing today!
Property Type(s):
Multi Family
|
Last Updated
|
10/29/2026
|
Year Built
|
1925
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Aluminum Siding |
| EXTERIOR |
Garden, None |
| HEAT |
Forced Air, Natural Gas |
| LOT |
2178 sq ft |
| LOT DIMENSIONS |
0.05 |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
8504.89 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Gilcrest Properties
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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