$275,000
Albany, NY 12206
MLS# 202516623
Status: Closed
4 beds
1 / 12
Property Description
Looking for a smart investment? This income-generating 4-unit property in Albany is a rare opportunity you don't want to miss. Ideally located just 1.5 blocks from the newly renovated, state-of-the-art Albany High School, the property is perfectly positioned to attract qualified tenants. Three of the four units are rented. The prime location offers easy access to schools, shopping, major highways, downtown Albany, and public transportation, making it highly desirable for renters. With a strong rental market and consistent demand in the area, this property presents an excellent opportunity for both seasoned investors and those just starting out. Don't wait! Multiple offers highest and best due Monday by 7 pm 5/19/25 thank you
Details
Maps
Documents
Contract Information
Original List Price: 269900
List Price/SqFt: 112.27
Status: Closed
Property Sub Type: Quadruplex
Sold Price: $275,000
Current Price: $275,000
Listing Contract Date: 2025-05-03
Location
City/Town (Mail): Albany
Street Number: 521
Street Name: Washington
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.664067
Geo Lon: -73.775371
Property Detail
Rooms Total: 16
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2404
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2404
Fireplaces Total: 0
Zoning: Multi Residence
Lot Size Dimensions: 27 X 92.8
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 4
Bathrooms Full: 4
Year Built: 1915
Status Change Info
Sold Price/SqFt: 114.39
Status Change Date: 2025-09-26
Under Contract Date: 2025-05-19
Sold Date: 2025-09-25
Sold Price: $275,000
Parcel, Tax, HOA
Parcel Number: 010100 65.54-2-51 01
Tax Annual Amount: 6200
Total Taxes Description: Actual
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Washington Ave heading West between Quail and Ontario. About two blocks below Albany high school
Public Remarks: Looking for a smart investment? This income-generating 4-unit property in Albany is a rare opportunity you don't want to miss. Ideally located just 1.5 blocks from the newly renovated, state-of-the-art Albany High School, the property is perfectly positioned to attract qualified tenants. Three of the four units are rented. The prime location offers easy access to schools, shopping, major highways, downtown Albany, and public transportation, making it highly desirable for renters. With a strong rental market and consistent demand in the area, this property presents an excellent opportunity for both seasoned investors and those just starting out. Don't wait! Multiple offers highest and best due Monday by 7 pm 5/19/25 thank you
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Electric
200+ Amp Service: 1
Fencing
Back Yard: 1
Cooling
Central Air: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Full Bath 4: 4th
Construction Materials
Aluminum Siding: 1
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
Call Listing Office: 1
Lockbox: 1
Special Listing Conditions
Standard: 1
Roof
Built-Up: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Income And Expenses
Rental Income Description: Actual
Total Income: 2850
Levels
Tri-Level: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 900
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 2
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 975
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 975
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Occupant Type MF Unit 4: Tenant
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Detail
Total Bedrooms: 1
Unit 2 Detail
Total Bedrooms: 1
Unit 3 Detail
Total Bedrooms: 1
Unit 4 Detail
Total Bedrooms: 1
Property Features
Architectural Style: Other
Basement: Full
Construction Materials: Aluminum Siding; Vinyl Siding
Cooling: Central Air
Electric: 200+ Amp Service
Exterior Features: Garden
Fencing: Back Yard
Flooring: Carpet; Vinyl
Heating: Forced Air; Natural Gas
Levels: Tri-Level
Possession: At Closing
Roof: Built-Up
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Call Listing Office; Lockbox
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Disclosures 
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Arpi Balgin
518-584-0060 |
518-584-0060 |
