$510,000
Albany, NY 12206
MLS# 202530337
Status: Closed
12 beds
1 / 21
Property Description
Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 499000
Sold Price: $510,000
Current Price: $510,000
Listing Contract Date: 2025-12-03
List Price/SqFt: 56.58
Location
Street Number: 40-42
Street Name: Ontario
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12206
City/Town (Mail): Albany
Geo Lat: 42.670378
Geo Lon: -73.771466
Property Detail
Number Of Units Total: 6
Rooms Total: 24
Bedrooms Total: 12
Bathrooms Full: 6
Year Built: 1890
Above Grade Finished Area: 8820
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 8820
Lot Size Acres: 0.1
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-03-13
Sold Date: 2026-03-13
Sold Price: $510,000
Sold Price/SqFt: 57.82
Financial Details
General Taxes: 4974
General Taxes Description: Actual
School Taxes: 6707
School Taxes Description: Actual
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: Basement
Full Bath 5: 1st
Full Bath 6: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 87600
Rental Income Description: Yearly
Total Income: 89000
Total Income Description: w/ coin-op laundry
Insurance Expense: 2004
Insurance Expense Description: Actual
Separate Utilities
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Garden
Monthly Rent MF Unit 1: 1200
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: None
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: First
Monthly Rent MF Unit 2: 1200
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Second
Monthly Rent MF Unit 3: 1250
Rent Desc. MF Unit 3: Estimated
Lease Term MF Unit 3: None
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: Garden
Monthly Rent MF Unit 4: 1150
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: First
Monthly Rent MF Unit 5: 1250
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: Second
Monthly Rent MF Unit 6: 1250
Rent Desc. MF Unit 6: Estimated
Lease Term MF Unit 6: None
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment; Full; Walk-Out Access
Construction Materials: Brick
Electric: 100 Amp Service
Exterior Features: Other
Fencing: Back Yard
Flooring: Ceramic Tile; Hardwood; Laminate
Heating: Forced Air; Hot Water; Natural Gas
Levels: Tri-Level
Listing Terms: Other
Parking Features: None
Possession: Subject To Tenant Rights
Roof: Flat; Rubber
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Key; Lockbox; Occupied; Showing Service; Sign on Property
Special Listing Conditions: Other
Tenant Pays: Electricity; Heat; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 2 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 3 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 4 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 5 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 6 Includes: Bathroom; Kitchen; Refrigerator; Stove
Disclosures 
Listing Courtesy of Realty One Group Key
Listing Agent: Tina E Stehlin
914-466-6962 | sellinwithstehlin@gmail.com
914-466-6962 | sellinwithstehlin@gmail.com
