$499,000
Albany, NY 12209
MLS# 202615912
7 beds
1 / 30
Property Description
Well maintained 4-Unit Investment Property! Located on Morton Avenue, this solid 4-unit building offers a fantastic opportunity for investors seeking strong rental potential paired with valuable property upgrades. Recent improvements include 3 high-efficiency natural gas condensing boilers, 2 coin-operated washers + dryers for tenant convenience, a newer roof, gutters, sidewalk + hot water tanks. Inside the units have been updated: 3 units offer updated kitchens w/granite. The property also features a 3-car detached garage, offering additional storage or rental income potential. Across from Lincoln Park.
Details
Maps
Contract Information
Original List Price: 575000
List Price/SqFt: 137.47
Status: Active
Property Sub Type: Quadruplex
List Price: $499,000
Current Price: $499,000
Listing Contract Date: 2026-04-28
Location
City/Town (Mail): Albany
Street Number: 272
Street Name: Morton
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12209
Geo Lat: 42.644917
Geo Lon: -73.770438
Property Detail
Rooms Total: 18
Bathrooms Half: 0
Garage Spaces: 3
Above Grade Finished Area: 3630
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 3630
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Bedrooms Total: 7
Bathrooms Full: 4
Year Built: 1920
Parcel, Tax, HOA
Parcel Number: 010100 76.47-2-10
Tax Annual Amount: 9040.79
Tax Section: 76.47
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 10
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Delaware Avenue to Morton Avenue, near corner of Oenida and Morton, Across from Lincoln Park
Public Remarks: Well maintained 4-Unit Investment Property! Located on Morton Avenue, this solid 4-unit building offers a fantastic opportunity for investors seeking strong rental potential paired with valuable property upgrades. Recent improvements include 3 high-efficiency natural gas condensing boilers, 2 coin-operated washers + dryers for tenant convenience, a newer roof, gutters, sidewalk + hot water tanks. Inside the units have been updated: 3 units offer updated kitchens w/granite. The property also features a 3-car detached garage, offering additional storage or rental income potential. Across from Lincoln Park.
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Electric
100 Amp Service: 1
Circuit Breakers: 1
Fencing
Wood: 1
Financial Details
General Taxes: 3903.94
General Taxes Description: Actual
School Taxes: 5136.85
School Taxes Description: Actual
Attic Features
Hatch: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 3rd
Lot Features
Level: 1
Construction Materials
Aluminum Siding: 1
Other Structures
Garage(s): 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Linoleum: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Call Listing Agent: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Public: 1
Foundation Details
Concrete Perimeter: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 59412
Rental Income Description: Actual
Electric Expense: 1473
Electric Expense Description: Estimated
Total Income: 59412
Total Income Description: Actual
Gas Expense: 1473
Gas Expense Description: Estimated
Insurance Expense: 3297
Insurance Expense Description: Estimated
Water Sewer Expense: 1561.74
Water Sewer Expense Desc.: Estimated
Operating Expense: 16107.35
Net Operating Income: 43304.65
Interior Features
Ceramic Tile Bath: 1
Crown Molding: 1
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
Common Area: 1
In Basement: 1
Laundry Room: 1
Parking Features
Parking Total: 3
Detached: 1
Garage: 1
Patio And Porch Features
Front Porch: 1
Rear Porch: 1
Owner Pays
Sewer: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Heat: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Dryers: 2
Number Of Refrigerators: 4
Number Of Stoves: 4
Number Of Washers: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Front
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 890
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 1 Detail
Rent: 890
Rent Description Unit 1: Actual
Lease Term Unit 1: 12 Months
Occupant Type Unit 1: Tenant
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Full Baths 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Rear
Unit Available MF Unit 2: Leased
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 950
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
Unit 2 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 2 Detail
Rent: 950
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2 Floor
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1600
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 6
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Electricity: 1
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 3 Detail
Rent: 1600
Rent Description Unit 3: Actual
Lease Term Unit 3: 12 Months
Occupant Type Unit 3: Tenant
Total Bedrooms: 3
Full Baths 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3 Floor
Unit Available MF Unit 4: Leased
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1000
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 6
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Heat: 1
Sewer: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 4 Detail
Rent: 1000
Rent Description Unit 4: Actual
Lease Term Unit 4: 12 Months
Occupant Type Unit 4: Tenant
Total Bedrooms: 2
Bedrooms on 3rd Floor: 2
Total Full Baths: 1
Living Rooms 3rd Floor: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Status Change Info
Status Change Date: 2026-04-28
Property Features
Architectural Style: Other
Attic Features: Hatch
Basement: Full
Construction Materials: Aluminum Siding
Cooling: None
Electric: 100 Amp Service; Circuit Breakers
Exterior Features: None
Fencing: Wood
Flooring: Ceramic Tile; Hardwood; Linoleum; Vinyl
Foundation Details: Concrete Perimeter
Heating: Baseboard; Hot Water; Natural Gas
Interior Features: Ceramic Tile Bath; Crown Molding; High Speed Internet; Solid Surface Counters
Laundry Features: Common Area; In Basement; Laundry Room
Levels: Three Or More
Lot Features: Level
Other Structures: Garage(s)
Owner Pays: Sewer; Snow Removal; Trash Collection; Water
Parking Features: Detached; Garage
Patio And Porch Features: Front Porch; Rear Porch
Possession: At Closing; Subject To Tenant Rights
Roof: Asphalt
Separate Utilities: Electric; 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; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Electricity; Heat; Hot Water; Sewer; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Heat; Sewer; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Appliances: Range; Refrigerator
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