PRICE IMPROVEMENT! Strong-performing 3-family in Albany "” pro-forma cap rate of 10%+ at the new price. First and third floor units are rented at $1,500/month each ($36,000/year in place). The second-floor unit is delivered VACANT "” perfect for an owner-occupant to live in while the other two units cover the mortgage, or lease it at market rent ($1,600-$1,700/month) to maximize income. Total pro-forma gross income of approx. $55,000+/year against total annual expenses of only approx. $13,306. Nine bedrooms total across 3,699 sq ft, three full baths, spacious layouts in every unit. All three units have been renovated within the past 2-3 years "” just collect the rent. Great location "” directly across from the park and just minutes from Albany Medical Center, Turnkey investment or owner-occupant opportunity "” bring your buyers!
Property Type(s):
Multi Family
|
Last Updated
|
11/5/2026
|
Year Built
|
1925
|
|
County
|
Albany
|
SCHOOLS
Price History
|
Prior to Nov 1, '26
|
$469,000 |
|
Nov 1, '26 - Nov 5, '26 |
$439,000 |
| Nov 5, '26 - Today |
$419,000 |
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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