$649,900
Albany, NY 12210
MLS# 202625684
7 beds
1 / 32
Property Description
Excellent opportunity for an investor seeking a turnkey multi-family asset with immediate cash flow and room to grow NOI. The combination of below-market rents, month-to-month flexibility, and completed capital improvements makes this a standout addition to any portfolio. Seven well-maintained residential units with a history of easy rentability. Newer mechanicals and electrical panels. Classic architectural charm: high ceilings, original wood floors, tiled bathrooms, and large windows throughout. Long-term, reliable tenants in place, with rents currently below market -- significant upside potential for a new owner. ROPs in place for all apartments. Listing agent is part owner.
Details
Maps
Documents
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 649900
List Price: $649,900
Current Price: $649,900
Listing Contract Date: 2026-09-09
List Price/SqFt: 172.75
Location
Street Number: 156
Street Direction Prefix: S
Street Name: Swan
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
City/Town (Mail): Albany
Geo Lat: 42.649901
Geo Lon: -73.763843
Property Detail
Number Of Units Total: 7
Rooms Total: 20
Bedrooms Total: 7
Bathrooms Full: 7
Year Built: 1885
Above Grade Finished Area: 3762
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: See Remarks
Living Area: 3762
Lot Size Dimensions: 19' x 52'
Lot Size Acres: 0.02
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Financial Details
General Taxes: 4992
General Taxes Description: Actual
School Taxes: 8571
School Taxes Description: Actual
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Full Bath 6: 3rd
Full Bath 7: 4th
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 74700
Rental Income Description: Actual
Total Income: 74700
Total Income Description: A
Gas Expense: 3832
Gas Expense Description: Actual
Insurance Expense: 7301
Insurance Expense Description: Actual
Water Sewer Expense: 1731
Water Sewer Expense Desc.: Actual
Separate Utilities
Number Of Separate Electric Meters: 8
Number Of Separate Gas Meters: 8
Unit Information
Number Of Refrigerators: 7
Number Of Stoves: 7
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1F
Unit Available MF Unit 1: 6/1/27
Monthly Rent MF Unit 1: 850
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2F
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: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2R
Unit Available MF Unit 3: 12/1/26
Monthly Rent MF Unit 3: 900
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3F
Monthly Rent MF Unit 4: 900
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3R
Unit Available MF Unit 5: 6/1/27
Monthly Rent MF Unit 5: 925
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 4
Monthly Rent MF Unit 6: 950
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 1R
Monthly Rent MF Unit 7: 800
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 2
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Status Change Info
Status Change Date: 2026-09-09
Property Features
Architectural Style: Apartment 4 Plus Unit; Townhouse
Basement: Full; Interior Entry; Unfinished
Construction Materials: Brick
Cooling: None
Electric: 200+ Amp Service; Circuit Breakers
Exterior Features: None
Flooring: Carpet; Tile; Wood
Heating: Hot Water; Natural Gas
Interior Features: Ceramic Tile Bath; High Speed Internet
Levels: Quad-Level
Lot Features: Level
Parking Features: None
Possession: At Closing; Subject To Tenant Rights
Roof: Built-Up; Flat; Rubber
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Internet
Utilities: Cable Connected
Window Features: Bay Window(s); Double Pane Windows
View: Downtown; Skyline
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Heat; Hot Water; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Hot Water; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Disclosures and Taxes 
Listing Courtesy of McSharry and Associates Realty LLC
Listing Agent: Patrick J McSharry
518-330-5599 | patrick@mcsharryandassociates.com
518-330-5599 | patrick@mcsharryandassociates.com
