$199,000
Albany, NY 12202
MLS# 202610659
Status: Pending
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
Original List Price: 215000
List Price/SqFt: 80.5
Status: Pending
Property Sub Type: Duplex
List Price: $199,000
Current Price: $199,000
Listing Contract Date: 2026-01-13
Location
City/Town (Mail): Albany
Street Number: 186
Street Name: 2nd
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.638989
Geo Lon: -73.769428
Property Detail
Rooms Total: 14
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2472
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
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
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1920
Status Change Info
Proposed Closing Date: 2026-04-30
Status Change Date: 2026-04-20
Under Contract Date: 2026-04-02
Parcel, Tax, HOA
Parcel Number: 010100 76.71-2-4
Tax Annual Amount: 4207.2
Tax Section: 76.71
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 4.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 2nd Avenue to the block between Putnam and Regent St.
Public Remarks: 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
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Attic Features
Full: 1
Cooling
None: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Construction Materials
Block: 1
Drywall: 1
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
Showing Service: 1
Special Listing Conditions
Ownership: SP RE INV
Water Source
Public: 1
Heating
Natural Gas: 1
Radiant: 1
Separate Utilities
Electric: 1
Gas: 1
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
