Albany, NY 12206 · Albany County

This five-bedroom, two-bathroom duplex built in 1900 sits on a compact lot in Albany's school district and comes with an adjacent parcel, creating options for additional parking or potential future development. The brick structure requires complete renovation and is offered as-is, with cash offers preferred. The property is positioned near major highways, public transportation, shopping, dining, and downtown Albany, while moderate tax rates support investment returns. Investors and owner-occupants alike will find the combination of location access and flexibility in the additional lot compelling for renovation and income potential.
Motivated seller- Bring your best offer and creative idea to this project. Handyman Special in the Heart of Albany! Opportunity awaits with this brick multifamily property located in Albany School District. This investor special offers tremendous potential for investors, contractors, flippers, or owner-occupants looking to build equity. The property requires a complete rehabilitation and is being sold as-is. Cash offers only. An additional adjacent lot is included in the sale, located right next door. This extra parcel offers great potential for additional off-street parking or with Town/City approval, the possibility of a buildable lot- a valuable bonus with plenty of options for the new owner. Featuring a brick exterior and a prime location close to major highways, public transportation, shopping, restaurants, schools, hospitals, and downtown Albany amenities, this property presents an excellent value-add opportunity. Low taxes help maximize future investment potential. Bring your vision, tools, and creativity to transform this multifamily property into a strong income-producing asset or long-term investment. Rare opportunity to purchase a fixer-upper in a convenient Albany location with endless possibilities. Don't miss your chance to unlock the potential this property has to offer!
The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
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The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the compsTax estimated at the Albany County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Albany is in Albany County, NY. There are currently 275 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 63% below the Albany median of $314,900.
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Howard Hanna Capital Inc · Listed by Nicole Wilkie (21636)
Contact: 518-221-4052
MLS #202619823 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.





Activity across 2 MLS listings of this property.
Public assessment record for the Albany roll · Albany school district · Two Family Year-Round Residence
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $86,000 | $89,583 | +4.2% |
| 2024 | $86,000 | $86,000 | +306.1% |
| 2023 | $15,000 | $21,177 | +12.5% |
| 2022 | $15,000 | $18,816 | +12.3% |
| 2021 | $15,000 | $16,760 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-11. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.