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Sold · listed at $189,900
Albany, NY 12202 · Albany County
Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit. The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential. Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth. Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal. ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request. 98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000.
Albany is in Albany County, NY. There are currently 183 active listings here, ranging from $15,600 to $8,000,000.
See Sharon's Albany community guide23 facts about this property
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Berkshire Hathaway Home Services Blake · Listed by Leon Levy (6776)
MLS #202610761 · 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.
