$575,000
Albany, NY 12209
MLS# 202514094
Status: Closed
11 beds
1 / 79
Property Description
Fantastic 5-unit investment property in beautiful Albany! This stunning, large brick building has been meticulously maintained for over 20+ years by the current owner. This is a rare find, one that offers both charm and strong investment potential. Featuring five spacious apartments, this property boasts gleaming real hardwoods floors, updated kitchens & bathrooms, and coin operated laundry room for tenant convenience. Enjoy the benefits of long-term tenants and excellent cash flow, making this a prime opportunity for any investor. The property includes a two-car garage and off street parking. Situated in the heart of Albany, this well maintained building is perfect for generating steady rental income while appreciating in value. Dont miss out on this incredible investment.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 575000
Sold Price: $575,000
Current Price: $575,000
Listing Contract Date: 2025-03-27
List Price/SqFt: 96.53
Location
Street Number: 30
Street Name: O'Connell
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12209
City/Town (Mail): Albany
Geo Lat: 42.640366
Geo Lon: -73.774965
Property Detail
Number Of Units Total: 5
Rooms Total: 25
Bedrooms Total: 11
Bathrooms Full: 5
Year Built: 1964
Garage Spaces: 2
Above Grade Finished Area: 5957
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 5957
Zoning: Multi Residence
Deed Restrictions: No
Lot Size Dimensions: 50x103
Lot Size Acres: 0.12
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2025-07-14
Under Contract Date: 2025-04-04
Sold Date: 2025-07-14
Sold Price: $575,000
Sold Price/SqFt: 96.53
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 66900
Rental Income Description: Actual
Gas Expense: 4894
Gas Expense Description: Actual
Insurance Expense: 2776
Insurance Expense Description: Actual
Water Sewer Expense: 1500
Water Sewer Expense Desc.: Actual
Maintenance Expense: 3345
Net Operating Income: 40920
Fuel Cost Description
Fuel Cost: 4894
Parking Features
Parking Total: 5
Separate Utilities
Number Of Separate Electric Meters: 5
Unit Information
Number Of Dryers: 2
Number Of Refrigerators: 5
Number Of Stoves: 5
Number Of Washers: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 2ndFloor
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1000
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2ndFloor
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1075
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1stFloor
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 925
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2ndFloor
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1075
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: Basement
Occupant Type MF Unit 5: Vacant
Monthly Rent MF Unit 5: 1850
Rent Desc. MF Unit 5: Estimated
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 5
Total Bedrooms MF Unit 5: 3
Total Full Baths MF Unit 5: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment; Finished; Full; Walk-Out Access
Construction Materials: Brick
Cooling: Window Unit(s)
Electric: Circuit Breakers
Exterior Features: Garden
Fencing: Back Yard
Flooring: Carpet; Ceramic Tile; Laminate; Vinyl
Foundation Details: Block
Fuel Cost Description: Heat Actual
Heating: Baseboard; Hot Water; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; High Speed Internet
Lot Features: Landscaped; Level; Road Frontage
Other Structures: Garage(s)
Parking Features: Driveway; Garage
Possession: At Closing
Roof: Shingle
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Lockbox
Special Listing Conditions: Standard
Tenant Pays: Electricity
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Gas; Heat; Hot Water; Sewer; Trash; Water
Unit 2 Owner Furnish Features: Gas; Heat; Hot Water; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Gas; Heat; Hot Water; Sewer; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Gas; Heat; Hot Water; Sewer; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Gas; Heat; Hot Water; Sewer; Trash; Water
Unit 5 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Residential Occupancy Permit 
Disclosures 
Listing Courtesy of Core Real Estate Team
Listing Agent: Mark J Goodall
518-326-0840 |
518-326-0840 |
