$195,000
Albany, NY 12202
MLS# 202610659
Status: Closed
6 beds
1 / 6
Property Description
Prime Investment Opportunity: High-Yield Multi-Family in Albany Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity. Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant. Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances. Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region. Don't miss out on this high-performing asset. --- Unit Configuration Estimated Market Rent HUD Payment Standard (2026) 3-Bedroom Unit $1,827 / mo 4-Bedroom Unit $2,013 / mo
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Duplex
Original List Price: 215000
Sold Price: $195,000
Current Price: $195,000
Listing Contract Date: 2026-01-13
List Price/SqFt: 80.5
Location
Street Number: 186
Street Name: 2nd
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
City/Town (Mail): Albany
Geo Lat: 42.638989
Geo Lon: -73.769428
Property Detail
Rooms Total: 14
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1920
Above Grade Finished Area: 2472
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2472
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-06-22
Under Contract Date: 2026-04-02
Sold Date: 2026-06-15
Sold Price: $195,000
Sold Price/SqFt: 78.88
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Special Listing Conditions
Ownership: SP RE INV
Separate Utilities
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: First Fl
Total Rooms MF Unit 1: 7
Total Bedrooms MF Unit 1: 3
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 3
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd Fl
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 3
Property Features
Architectural Style: Other
Attic Features: Full
Basement: Unfinished
Construction Materials: Block; Drywall; Other
Cooling: None
Exterior Features: None
Heating: Natural Gas; Radiant
Possession: At Closing
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Showing Service
Water Source: Public
Disclosures 
Listing Courtesy of Weichert Realtors Reliable Properties
Listing Agent: Craig Cioffi
518-396-8386 | Craig@Reliable518.com
518-396-8386 | Craig@Reliable518.com
