$2,149,000
Albany, NY 12206
MLS# 202622391
5952 sqft
1 / 28
Property Description
Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Mixed Use
Original List Price: 2199000
List Price: $2,149,000
Lease Considered: No
Listing Contract Date: 2026-07-20
Current Price: $2,149,000
List Price/SqFt: 361.06
List Price/Acres: 42980000
Location
Street Number: 261
Street Name: Central
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
City/Town (Mail): Albany
Geo Lat: 42.66347
Geo Lon: -73.770623
Property Detail
Year Built: 1930
Stories: 3
Number Of Buildings: 3
Lot Size Square Feet: 2222
Zoning: Commercial
Lot Size Dimensions: 32.9X67.5
Lot Size Acres: 0.05
Building Area Total: 5952
Building Detail
Fire Sprinkler System Y/N: Yes
Photos - the contractual owner of the photos
Photo Owner: Broker
Status Change Info
Status Change Date: 2026-07-22
Property Features
Architectural Style: Apartments; Mixed Use; Warehouse
Construction Materials: Block; Brick
Cooling: Central Air; Wall Unit(s)
Current Use: Apartment Plus; Mixed Use; Office warehouse
Flooring: Laminate; Vinyl
Heating: Electric; Heat Pump
Interior Features: Stone Countertops
Parking Features: Metered; Off Street
Possession: At Closing
Possible Use: Apartment Plus; Investment; Multi-Family
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Tenant Pays: Cable TV; Central Air; Electricity; Heat; Internet
Water Source: Public
Listing Courtesy of Realty One Group Key
Listing Agent: Ryan Edson
518-728-1511 | RyanPEdson@gmail.com
518-728-1511 | RyanPEdson@gmail.com
