$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
Original List Price: 575000
List Price/SqFt: 96.53
Status: Closed
Property Sub Type: Multi Family
Sold Price: $575,000
Current Price: $575,000
Listing Contract Date: 2025-03-27
Location
City/Town (Mail): Albany
Street Number: 30
Street Name: O'Connell
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12209
Geo Lat: 42.640366
Geo Lon: -73.774965
Property Detail
Number Of Units Total: 5
Rooms Total: 25
Bathrooms Half: 0
Garage Spaces: 2
Above Grade Finished Area: 5957
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
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
Bedrooms Total: 11
Bathrooms Full: 5
Year Built: 1964
Status Change Info
Sold Price/SqFt: 96.53
Status Change Date: 2025-07-14
Under Contract Date: 2025-04-04
Sold Date: 2025-07-14
Sold Price: $575,000
Parcel, Tax, HOA
Parcel Number: 010100 76.62-2-14
Tax Annual Amount: 11665
Tax Section: 76.62
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 14.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 787 to Second Ave to Oconnell St
Public Remarks: 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.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
Circuit Breakers: 1
Fencing
Back Yard: 1
Cooling
Window Unit(s): 1
Basement
Apartment: 1
Finished: 1
Full: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: 2nd
Lot Features
Landscaped: 1
Level: 1
Road Frontage: 1
Construction Materials
Brick: 1
Other Structures
Garage(s): 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Laminate: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Call Listing Agent: 1
Lockbox: 1
Special Listing Conditions
Standard: 1
Roof
Shingle: 1
View
City: 1
Water Source
Public: 1
Foundation Details
Block: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 66900
Rental Income Description: Actual
Gas Expense: 4894
Gas Expense Description: Actual
Insurance Expense: 2776
Insurance Expense Description: Actual
Maintenance Expense: 3345
Water Sewer Expense: 1500
Water Sewer Expense Desc.: Actual
Net Operating Income: 40920
Fuel Cost Description
Fuel Cost: 4894
Heat Actual: 1
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
High Speed Internet: 1
Parking Features
Parking Total: 5
Driveway: 1
Garage: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Number Of Separate Electric Meters: 5
Tenant Pays
Electricity: 1
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
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Gas: 1
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Water: 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
Unit 2 Owner Furnish Features
Gas: 1
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Water: 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: 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
Unit 3 Owner Furnish Features
Gas: 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
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
Unit 4 Owner Furnish Features
Gas: 1
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 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
Unit 5 Owner Furnish Features
Gas: 1
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 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 |
