$750,000
Albany, NY 12202
MLS# 202514871
Status: Closed
14 beds
1 / 97
Property Description
Seize this rare opportunity to own a beautifully maintained 7-unit investment property in Albany, NY! Fully occupied and generating strong income, this property is a proven money-maker. Each unit has been updated and thoughtfully designed to maximize its potential. The property features its own parking lot, all separate utilities, as well as a dry, finished basement with coin operated washers and dryers. This building has been meticulously maintained for long term value and hassle-free ownership. Located in a desirable area with easy access to local amenities & highways, this is a turnkey investment you dont want to miss!
Details
Maps
Documents
Contract Information
Original List Price: 775000
List Price/SqFt: 135.12
Status: Closed
Property Sub Type: Multi Family
Sold Price: $750,000
Current Price: $750,000
Listing Contract Date: 2025-04-09
Location
City/Town (Mail): Albany
Street Number: 56
Street Name: Second
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.638199
Geo Lon: -73.763123
Property Detail
Number Of Units Total: 7
Rooms Total: 35
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 5601
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 5601
Zoning: Multi Residence
Deed Restrictions: No
Lot Size Dimensions: 53x89
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 14
Bathrooms Full: 7
Year Built: 1901
Status Change Info
Sold Price/SqFt: 133.9
Status Change Date: 2025-07-25
Under Contract Date: 2025-06-10
Sold Date: 2025-07-25
Sold Price: $750,000
Parcel, Tax, HOA
Parcel Number: 010100 76.72-3-2
Tax Annual Amount: 13000
Tax Section: 76.72
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 2.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 787 to South Pearl St. to Second Ave.
Public Remarks: Seize this rare opportunity to own a beautifully maintained 7-unit investment property in Albany, NY! Fully occupied and generating strong income, this property is a proven money-maker. Each unit has been updated and thoughtfully designed to maximize its potential. The property features its own parking lot, all separate utilities, as well as a dry, finished basement with coin operated washers and dryers. This building has been meticulously maintained for long term value and hassle-free ownership. Located in a desirable area with easy access to local amenities & highways, this is a turnkey investment you dont want to miss!
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
Circuit Breakers: 1
Cooling
Window Unit(s): 1
Basement
Apartment: 1
Finished: 1
Full: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: 2nd
Full Bath 6: 3rd
Full Bath 7: 3rd
Lot Features
Corner Lot: 1
Road Frontage: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Laminate: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Call Listing Agent: 1
Occupied: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Built-Up: 1
Flat: 1
Rubber: 1
View
City: 1
Water Source
Public: 1
Foundation Details
Brick/Mortar: 1
Heating
Baseboard: 1
Electric: 1
Income And Expenses
Rental Income: 93600
Rental Income Description: Actual
Electric Expense: 1500
Electric Expense Description: Actual
Insurance Expense: 2949
Insurance Expense Description: Actual
Maintenance Expense: 4680
Water Sewer Expense: 984
Water Sewer Expense Desc.: Actual
Net Operating Income: 68687
Interior Features
Built-in Features: 1
High Speed Internet: 1
Parking Features
Parking Total: 7
Driveway: 1
Off Street: 1
Paved: 1
Levels
Tri-Level: 1
Security Features
24 Hour Security: 1
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Heat: 1
Number Of Separate Electric Meters: 8
Tenant Pays
Electricity: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Dryers: 4
Number Of Refrigerators: 7
Number Of Stoves: 7
Number Of Washers: 4
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 3rdFloor
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1250
Rent Desc. MF Unit 1: Estimated
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 3rdFloor
Occupant Type MF Unit 2: Vacant
Monthly Rent MF Unit 2: 1250
Rent Desc. MF Unit 2: Estimated
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2ndFloor
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1100
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2ndFloor
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1100
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1stFloor
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 1100
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 5
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1stFloor
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 1050
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 5
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 6 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: Basement
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 1000
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Unit 7 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 7 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment; Finished; Full; Walk-Out Access
Construction Materials: Brick
Cooling: Window Unit(s)
Electric: Circuit Breakers
Exterior Features: Garden
Flooring: Carpet; Ceramic Tile; Laminate; Vinyl
Foundation Details: Brick/Mortar
Heating: Baseboard
Interior Features: Built-in Features; High Speed Internet
Levels: Tri-Level
Lot Features: Corner Lot; Road Frontage
Parking Features: Driveway; Off Street; Paved
Possession: At Closing
Roof: Built-Up; Flat; Rubber
Security Features: 24 Hour Security; Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Heat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Occupied; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity; Heat; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Sewer; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Sewer; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Sewer; Trash; Water
Unit 5 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Sewer; Trash; Water
Unit 6 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Sewer; Trash; Water
Unit 7 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Residential Occupancy Permit 
Disclosures 
Listing Courtesy of Core Real Estate Team
Listing Agent: Mark J Goodall
518-326-0840 |
518-326-0840 |
