Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income.
Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+
Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub.
No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.
Property Type(s):
Multi Family
|
Last Updated
|
7/15/2026
|
Year Built
|
1910
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
None |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Aluminum Siding |
| EXTERIOR |
None |
| HEAT |
Forced Air, Natural Gas |
| LOT |
2614 sq ft |
| LOT DIMENSIONS |
0.06 |
| PARKING |
None, No Garage |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
4236 |
| UTILITIES |
Cable Available, Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Redway Realty LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email