$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
Original List Price: 599000
List Price/SqFt: 235.46
Status: Active
Property Sub Type: Quadruplex
List Price: $599,000
Current Price: $599,000
Listing Contract Date: 2026-07-17
Location
City/Town (Mail): Albany
Street Number: 55
Street Name: Ten Broeck
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
Geo Lat: 42.657123
Geo Lon: -73.750624
Property Detail
Rooms Total: 24
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2544
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2544
Lot Size Acres: 0.07
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 6
Year Built: 1860
Parcel, Tax, HOA
Parcel Number: 010100 65.82-5-66
Tax Annual Amount: 7870.53
Tax Section: 65.82
Total Taxes Description: Actual
Tax Block: 5
Tax Lot: 66.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: From I-787 N: Take Exit 4 for Clinton Ave. Head west on Clinton Ave, then turn left onto N Pearl St. Continue south on N Pearl, then turn right onto First St. Turn left onto Ten Broeck St -- property is on the right.
From I-90 E: Take Exit 1N toward Albany. Merge onto I-787 N and follow directions above.
Public Remarks: 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!
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Basement
Other: 1
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
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Occupied: 1
Pet(s) on Premises: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Separate Utilities
Electric: 1
Gas: 1
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
