Sharon FronkRealtor® · Howard Hanna
LoadingAlbany, NY 12210 · Albany County
This four-unit multi-family property sits in Albany's Center Square district, within the Albany school district, built in 1861 with 2,511 square feet. Per the MLS, it is currently configured as four living spaces but legally zoned for three units, with the upstairs divided into two apartments, one of which is non-conforming. The remarks note the City of Albany's streamlined ADU process as a possible path to legalize the second upstairs unit. It is described as near Washington Park, restaurants, and shops. Listed at $435,000, reduced from $450,000.
Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.
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Albany is in Albany County, NY. There are currently 209 active listings here, ranging from $15,600 to $8,000,000. Listings in this address fall under the Albany school district. Priced 45% above the Albany median of $299,900.
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Premier Homes Elite Realty LLC · Listed by Kyle Chadwick (34816)
Contact: 518-289-1042
MLS #202614240 · Source: Global MLS, Inc.
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22 facts pulled straight from the MLS listing.
Real numbers from current MLS data. Not a third-party estimate.
Activity across 2 MLS listings of this property.
