$850,000
Albany, NY 12202
MLS# 202629427
9 beds
1 / 34
Property Description
Prime investment opportunity in the heart of Albany's Historic Mansion District. This brick 10-unit offers 7,488 square feet of income-producing space in a strong rental area with quick access to restaurants, parks, shopping, colleges, hospitals, and public transportation. Situated just minutes from downtown and major employers. Designed for efficient ownership, the property features a low-maintenance profile and the potential to provide investors with a steady, diversified income stream across multiple units. Its convenient location and established rental appeal make it a compelling addition to any portfolio. Tenants are responsible for gas stoves and electric, Landlord pays for gas heat.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 850000
List Price: $850,000
Current Price: $850,000
Listing Contract Date: 2026-11-02
List Price/SqFt: 113.51
Location
Street Number: 51
Street Name: Elm
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
City/Town (Mail): Albany
Geo Lat: 42.646539
Geo Lon: -73.758911
Property Detail
Number Of Units Total: 10
Rooms Total: 2
Bedrooms Total: 9
Year Built: 1920
Above Grade Finished Area: 7488
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 7488
Zoning: Commercial
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Photos - the contractual owner of the photos
Photo Owner: Broker
Special Listing Conditions
Ownership: Albany Elms LLC
Separate Utilities
Number Of Separate Gas Meters: 11
Unit Information
Number Of Dryers: 1
Number Of Refrigerators: 10
Number Of Stoves: 8
Number Of Washers: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1000
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1000
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1st
Occupant Type MF Unit 3: Vacant
Monthly Rent MF Unit 3: 1000
Rent Desc. MF Unit 3: Estimated
Total Rooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1st
Occupant Type MF Unit 4: Vacant
Monthly Rent MF Unit 4: 1200
Rent Desc. MF Unit 4: Estimated
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2nd
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 1270
Rent Desc. MF Unit 5: Actual
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: 2nd
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 1350
Rent Desc. MF Unit 6: Actual
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 3rd
Occupant Type MF Unit 7: Vacant
Monthly Rent MF Unit 7: 1350
Rent Desc. MF Unit 7: Estimated
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 3rd
Occupant Type MF Unit 8: Vacant
Monthly Rent MF Unit 8: 1350
Rent Desc. MF Unit 8: Estimated
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Status Change Info
Status Change Date: 2026-11-03
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full
Construction Materials: Brick
Exterior Features: None
Flooring: Ceramic Tile; Hardwood; Laminate
Heating: Hot Water; Natural Gas; Radiant
Interior Features: Ceramic Tile Bath
Levels: Quad-Level
Patio And Porch Features: Deck
Possession: At Closing; Subject To Tenant Rights
Roof: Flat; Rubber
Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Separate Utilities: Gas
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 3 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 4 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 8 Owner Furnish Features: Heat; Hot Water; Management; Sewer; Snow Removal; Trash; Water
Unit 8 Includes: Bathroom; Kitchen; Living Room; Stove
Listing Courtesy of Heritage Hill Realty
Listing Agent: David Zuccaro
518-629-5897 | dzuccaro12@gmail.com
518-629-5897 | dzuccaro12@gmail.com
