$320,000
Albany, NY 12206
MLS# 202619923
8 beds
1 / 5
Property Description
Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.
Details
Maps
Contract Information
Original List Price: 320000
List Price/SqFt: 157.48
Status: Active
Property Sub Type: Duplex
List Price: $320,000
Current Price: $320,000
Listing Contract Date: 2026-06-15
Location
City/Town (Mail): Albany
Street Number: 199
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.667192
Geo Lon: -73.76751
Property Detail
Rooms Total: 14
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2032
Above Grade Finished Area Source: Public Records
Parking Y/N: Yes
Below Grade Finished Area: 1000
Below Grade Finished Area Source: Public Records
Living Area: 2032
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 2
Year Built: 1900
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 65.47-4-48
Tax Annual Amount: 2054.06
Tax Section: 65.47
Total Taxes Description: Actual
Tax Block: 4
Tax Lot: 48.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: From Central Ave, turn onto N. Lake Ave. Continue north to 199 N. Lake Ave.
Public Remarks: Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Basement
Exterior Entry: 1
Interior Entry: 1
Unfinished: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Construction Materials
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
24 Hour Notice: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 2
Driveway: 1
Off Street: 1
Paved: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Water Meter: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 7
Total Bedrooms MF Unit 1: 4
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 4
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 4
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 4
Status Change Info
Status Change Date: 2026-06-17
Property Features
Architectural Style: Traditional
Basement: Exterior Entry; Interior Entry; Unfinished; Walk-Out Access
Construction Materials: Vinyl Siding
Exterior Features: None
Heating: Forced Air; Natural Gas
Parking Features: Driveway; Off Street; Paved
Possession: At Closing
Separate Utilities: Electric; Gas; Heat; Water Heater; Water Meter
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of GROUP TWENTY SIX NY LLC
Listing Agent: Linda Chiou
516-512-1437 | linda@grouptwentysix.com
516-512-1437 | linda@grouptwentysix.com
