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Albany, NY 12209 · Albany County
Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.
Albany is in Albany County, NY. There are currently 185 active listings here, ranging from $15,600 to $8,000,000. Listings in this address fall under the Albany school district. Priced 16% below the Albany median of $309,900.
See Sharon's Albany community guide24 facts about this property
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Redway Realty LLC · Listed by Wendy Towers (35052)
Contact: 518-337-0256
MLS #202617519 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Every change captured by Global MLS since this listing went live.
