$375,000
Albany, NY 12206
MLS# 202528827
12 beds
1 / 4
Property Description
Prime SRO Investment Opportunity Discover a high-performing, fully occupied Single Room Occupancy (SRO) property in the heart of Albany's rental corridor. This 12-room, 11-unit building includes one self-contained studio with a private kitchen and ten additional rooms sharing a common kitchen—ideal for maximizing rental income while minimizing overhead. Consistent Cash Flow This property has a proven track record of full occupancy and strong returns, making it a turnkey investment for seasoned landlords or new investors seeking reliable passive income. Unbeatable Location Situated just steps from major bus lines, tenants enjoy seamless access to public transportation—perfect for students, healthcare workers, and professionals. Academic & Medical Hub Minutes from SUNY Albany, Albany Medical Center, Albany Law School, and other local universities and hospitals, this location attracts long-term tenants seeking affordability and convenience. Key Features • 11 rentable units across 12 rooms • One studio with private kitchen • Shared kitchen for remaining units • Always rented, high demand • Walkable to transit, schools, and healthcare Whether you're expanding your portfolio or entering the multifamily market, 145 Quail St offers the rare combination of location, stability, and income. Schedule a showing today and see why this property never stays vacant.
Details
Maps
Contract Information
Original List Price: 375000
List Price/SqFt: 171.7
Status: Active
Property Sub Type: Multi Family
List Price: $375,000
Current Price: $375,000
Listing Contract Date: 2025-10-31
Location
City/Town (Mail): Albany
Street Number: 145
Street Name: Quail
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12206
Subdivision: Downtown Albany
Geo Lat: 42.664074
Geo Lon: -73.775045
Property Detail
Number Of Units Total: 12
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2184
Above Grade Finished Area Source: Public Records
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 2184
Zoning: Commercial
Lot Size Dimensions: 24x87
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 12
Bathrooms Full: 2
Year Built: 1915
Parcel, Tax, HOA
Parcel Number: 010100 65.54-2-48 01
Tax Annual Amount: 8050
Total Taxes Description: Estimated
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Located on Quail St between Washington St and Benson St. Turn left on Quail St from Washington St towards Benson St and it's the first building on the left.
Public Remarks: Prime SRO Investment Opportunity
Discover a high-performing, fully occupied Single Room Occupancy (SRO) property in the heart of Albany's rental corridor. This 12-room, 11-unit building includes one self-contained studio with a private kitchen and ten additional rooms sharing a common kitchen—ideal for maximizing rental income while minimizing overhead.
Consistent Cash Flow
This property has a proven track record of full occupancy and strong returns, making it a turnkey investment for seasoned landlords or new investors seeking reliable passive income.
Unbeatable Location
Situated just steps from major bus lines, tenants enjoy seamless access to public transportation—perfect for students, healthcare workers, and professionals.
Academic & Medical Hub
Minutes from SUNY Albany, Albany Medical Center, Albany Law School, and other local universities and hospitals, this location attracts long-term tenants seeking affordability and convenience.
Key Features
• 11 rentable units across 12 rooms
• One studio with private kitchen
• Shared kitchen for remaining units
• Always rented, high demand
• Walkable to transit, schools, and healthcare
Whether you're expanding your portfolio or entering the multifamily market, 145 Quail St offers the rare combination of location, stability, and income. Schedule a showing today and see why this property never stays vacant.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Financial Details
General Taxes: 3317.94
General Taxes Description: Estimated
School Taxes: 4732.06
School Taxes Description: Estimated
Cooling
None: 1
Basement
Full: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Lot Features
Level: 1
Construction Materials
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Other: 1
Exterior Features
None: 1
Flooring
Tile: 1
Wood: 1
Showing Requirements
Call Listing Agent: 1
Call Listing Office: 1
No Sign: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 78516
Rental Income Description: Yearly
Total Income Description: Before Taxes
Interior Features
High Speed Internet: 1
Parking Features
None: 1
Levels
Two: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Water Meter: 1
Unit Information
Number Of Refrigerators: 1
Number Of Stoves: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Monthly Rent MF Unit 1: 600
Total Rooms MF Unit 1: 1
Unit 1 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Monthly Rent MF Unit 2: 500
Total Rooms MF Unit 2: 1
Unit 2 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1st
Monthly Rent MF Unit 3: 968
Total Rooms MF Unit 3: 1
Unit 3 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1st
Monthly Rent MF Unit 4: 500
Total Rooms MF Unit 4: 1
Unit 4 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1st
Monthly Rent MF Unit 5: 425
Total Rooms MF Unit 5: 1
Unit 5 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1st
Monthly Rent MF Unit 6: 425
Total Rooms MF Unit 6: 1
Unit 6 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2nd
Monthly Rent MF Unit 7: 425
Total Rooms MF Unit 7: 1
Unit 7 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2nd
Monthly Rent MF Unit 8: 900
Total Rooms MF Unit 8: 1
Unit 8 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Status Change Info
Status Change Date: 2025-10-31
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full; Unfinished
Construction Materials: Vinyl Siding
Cooling: None
Exterior Features: None
Flooring: Tile; Wood
Heating: Baseboard; Hot Water; Natural Gas
Interior Features: High Speed Internet
Levels: Two
Lot Features: Level
Parking Features: None
Possession: At Closing; Other
Roof: Rubber
Separate Utilities: Electric; Gas; Heat; Water Heater; Water Meter
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Call Listing Office; No Sign
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 3 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 5 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 6 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 7 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 8 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Listing Courtesy of eXp Realty
Listing Agent: Michael R Garvin
518-888-2313 | michael.garvin@exprealty.com
518-888-2313 | michael.garvin@exprealty.com
