$477,000
Albany, NY 12209
MLS# 202517307
Status: Closed
5 beds
1 / 41
Property Description
Incredible Investment Opportunity! This spacious 4-unit building includes two 1-bedroom units, one 3-bedroom unit, + a first floor office space that could easily be converted back to an additional 1-bedroom apartment- offering excellent rental flexibility + income potential. Key improvements include a new furnace (2020) for 1st floor front unit, 2 hot water tanks (2022), New Kitchen w/granite (2023) 1st floor rear, New bathrooms (2023) 1st floor rear + 2nd floor +(2024) 1st floor front. Rare bonus: off-street parking for 4 vehicles enhancing tenant convenience + appeal. Whether you are looking to expand your portfolio or start strong with a high-demand rental property, this building offers both strong cash flow potential + long term value. Could be sold as a package with 272 Morton
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Quadruplex
Original List Price: 475000
Sold Price: $477,000
Current Price: $477,000
Listing Contract Date: 2025-05-14
List Price/SqFt: 175.02
Location
Street Number: 270
Street Name: Morton
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12209
City/Town (Mail): Albany
Geo Lat: 42.644894
Geo Lon: -73.770342
Property Detail
Rooms Total: 18
Bedrooms Total: 5
Bathrooms Full: 4
Year Built: 1910
Above Grade Finished Area: 2714
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2714
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2025-10-01
Under Contract Date: 2025-08-04
Sold Date: 2025-10-01
Sold Price: $477,000
Sold Price/SqFt: 175.76
Financial Details
General Taxes: 2585.31
General Taxes Description: Actual
School Taxes: 3736.96
School Taxes Description: Actual
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: Basement
Photos - the contractual owner of the photos
Photo Owner: Photographer
Income And Expenses
Rental Income: 46080
Rental Income Description: Actual
Total Income: 46080
Total Income Description: Estimated
Electric Expense: 501
Electric Expense Description: Estimated
Gas Expense: 501
Gas Expense Description: Estimated
Insurance Expense: 2710
Insurance Expense Description: Estimated
Miscellaneous Expense: 1341.24
Miscellaneous Expense Description: Estimated
Water Sewer Expense: 742.24
Water Sewer Expense Desc.: Estimated
Operating Expense: 11972.26
Net Operating Income: 34106.74
Parking Features
Parking Total: 4
Separate Utilities
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 3
Unit Information
Number Of Refrigerators: 3
Number Of Stoves: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1 Floor
Unit Available MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1100
Rent Desc. MF Unit 1: Estimated
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Rear
Monthly Rent MF Unit 2: 790
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
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: 2 Floor
Unit Available MF Unit 3: Leased
Monthly Rent MF Unit 3: 1100
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: Basement
Unit Available MF Unit 4: Vacant
Monthly Rent MF Unit 4: 850
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 2 Detail
Total Bedrooms: 1
Unit 3 Detail
Total Bedrooms: 3
Unit 4 Detail
Total Bedrooms: 1
Property Features
Architectural Style: Other
Attic Features: Walk-Up
Basement: Apartment; Finished; Full; Heated; Walk-Out Access
Construction Materials: Other
Door Features: French Doors
Electric: 100 Amp Service
Exterior Features: None
Fencing: None
Fireplace Features: Wood Burning; Wood Burning Stove
Flooring: Carpet; Ceramic Tile; Hardwood; Vinyl
Foundation Details: Concrete Perimeter
Heating: Forced Air; Hot Water; Natural Gas
Interior Features: Built-in Features; Crown Molding; High Speed Internet; Paddle Fan; Solid Surface Counters; Walk-In Closet(s)
Levels: Bi-Level
Lot Features: Level
Parking Features: Driveway; Off Street
Patio And Porch Features: Front Porch
Possession: At Closing; Subject To Tenant Rights
Roof: Asphalt; Rubber
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Fireplace; Living Room
Unit 1 Owner Furnish Features: Hot Water; Sewer; Trash; Water
Unit 2 Owner Furnish Features: Hot Water; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator
Unit 3 Owner Furnish Features: Hot Water; Sewer; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Hot Water; Sewer; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Disclosures 
Listing Courtesy of Staged Nest Real Estate LLC
Listing Agent: Melissa W Woodcock
518-369-8441 | melissa_woodcock@stagednest.com
518-369-8441 | melissa_woodcock@stagednest.com
