Sharon FronkRealtor® · Howard Hanna
LoadingAlbany, 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.
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Albany is in Albany County, NY. There are currently 225 active listings here, ranging from $15,600 to $8,000,000. Listings in this address fall under the Albany school district. Priced 14% below the Albany median of $299,900.
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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.
