$180,000
Albany, NY 12202
MLS# 202610761
Status: Closed
4 beds
1 / 31
Property Description
Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit. The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential. Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth. Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal. ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request. 98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000.
Details
Maps
Documents
Contract Information
Original List Price: 189900
List Price/SqFt: 108.51
Status: Closed
Property Sub Type: Duplex
Sold Price: $180,000
Current Price: $180,000
Listing Contract Date: 2026-01-17
Location
Postal Code +4: 1562
City/Town (Mail): Albany
Cross Street: Elizabeth St
Street Number: 101
Street Name: 3rd
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.64063
Geo Lon: -73.762998
Property Detail
Rooms Total: 10
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 1750
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 875
Below Grade Finished Area Source: CRS
Living Area: 1750
Lot Size Dimensions: 25 x 100
Lot Size Acres: 0.06
Main Road Frontage: 25
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Family Room Y/N (Units): Neither Units
Bedrooms Total: 4
Bathrooms Full: 3
Year Built: 1910
Status Change Info
Sold Price/SqFt: 102.86
Status Change Date: 2026-04-01
Under Contract Date: 2026-02-13
Sold Date: 2026-03-31
Sold Price: $180,000
Parcel, Tax, HOA
Parcel Number: 010100 76.64-2-67
Tax Annual Amount: 3677
Tax Section: 76.64
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 67.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 787 South to 3B, right onto Green St., right onto Rensselaer St, left onto Hawk St S and will go slight left that turns into 3rd Ave
Public Remarks: Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit.
The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential.
Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth.
Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal.
ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request.
98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
100 Amp Service: 1
Circuit Breakers: 1
Fencing
Back Yard: 1
Fenced: 1
Wood: 1
Financial Details
General Taxes: 1693
General Taxes Description: Actual
School Taxes: 1982
School Taxes Description: Actual
Cooling
None: 1
Basement
Apartment: 1
Partial: 1
Sump Pump: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: Basement
Lot Features
Cleared: 1
Level: 1
Road Frontage: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Duplex Type
Up And Down: 1
Flooring
Carpet: 1
Wood: 1
Showing Requirements
24 Hour Notice: 1
Occupied: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Income And Expenses
Rental Income: 21600
Rental Income Description: Actual
Total Income: 21600
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
In Basement: 1
Washer Hookup: 1
Parking Features
None: 1
Patio And Porch Features
Front Porch: 1
Pressure Treated Deck: 1
Rear Porch: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Levels
Three Or More: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Tenant Pays
Gas: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Dishwashers: 2
Number Of Dryers: 1
Number Of Refrigerators: 2
Number Of Stoves: 2
Number Of Washers: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Fl
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 900
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 1 Detail
Rent: 900
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Working Only
Total Rooms Unit 1: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Total Full Baths: 1
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 1 Dining Room Type
Dining Area: 1
Unit 1 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd Fl
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 900
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 2 Detail
Rent: 900
Rent Description Unit 2: Actual
Lease Term Unit 2: Month To Month
Occupant Type Unit 2: Tenant
Total Rooms Unit 2: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 2 Dining Room Type
Dining Area: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Traditional
Basement: Apartment; Partial; Sump Pump; Walk-Out Access
Construction Materials: Brick
Cooling: None
Duplex Type: Up And Down
Electric: 100 Amp Service; Circuit Breakers
Exterior Features: None
Fencing: Back Yard; Fenced; Wood
Flooring: Carpet; Wood
Heating: Forced Air; Natural Gas
Laundry Features: Common Area; Electric Dryer Hookup; In Basement; Washer Hookup
Levels: Three Or More
Lot Features: Cleared; Level; Road Frontage
Owner Pays: Sewer; Trash Collection; Water
Parking Features: None
Patio And Porch Features: Front Porch; Pressure Treated Deck; Rear Porch
Possession: At Closing; Subject To Tenant Rights
Roof: Rubber
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Occupied; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Gas; Heat; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Trash; Water
Unit 1 Dining Room Type: Dining Area
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Dining Room Type: Dining Area
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Rent Roll PCD Disclosures and Tax Bills 
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Leon Levy
518-727-7493 | llevy@bhhsblake.com
518-727-7493 | llevy@bhhsblake.com