$599,000
Albany, NY 12210
MLS# 202622021
8 beds
1 / 15
Property Description
Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner. Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses. Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run. Full OM and financials upon request!
Details
Maps
Contract Information
Status: Active
Property Sub Type: Quadruplex
Original List Price: 599000
List Price: $599,000
Current Price: $599,000
Listing Contract Date: 2026-07-17
List Price/SqFt: 235.46
Location
Street Number: 55
Street Name: Ten Broeck
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
City/Town (Mail): Albany
Geo Lat: 42.657123
Geo Lon: -73.750624
Property Detail
Rooms Total: 24
Bedrooms Total: 8
Bathrooms Full: 6
Year Built: 1860
Above Grade Finished Area: 2544
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2544
Lot Size Acres: 0.07
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Bath Levels
Full Bath 1: Basement
Full Bath 2: Basement
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Separate Utilities
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Garden
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Garden
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1st
Total Rooms MF Unit 3: 7
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 2
Unit 3 Detail
Total Bedrooms: 2
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd
Total Rooms MF Unit 4: 7
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 2
Unit 4 Detail
Total Bedrooms: 2
Status Change Info
Status Change Date: 2026-07-17
Property Features
Architectural Style: Other
Basement: Other
Construction Materials: Brick
Exterior Features: None
Heating: Forced Air
Possession: At Closing
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent; Occupied; Pet(s) on Premises
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Empire Real Estate Firm LLC
Listing Agent: Sage Baltrusaitis
248-506-0477 | Sage@EmpireRealEstateFirm.com
248-506-0477 | Sage@EmpireRealEstateFirm.com
