Albany, NY 12210 · Albany County
Owner might offer some seller financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 8.86% CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are $1,300, $1,200, $1,050, $1,050, $1,127 (will be $1300 in July 2026), $1,017 & basement is $900. Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. Great tenants, enjoy the ease of collecting rent. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low). Owner may offer some owner financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.
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Albany is in Albany County, NY. There are currently 263 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district.
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Crystal Coleman Realty LLC · Listed by Melissa Hems (7377)
Contact: 518-951-0411
MLS #202525068 · 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 · Apartments
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $345,800 | $360,208 | +4.2% |
| 2024 | $345,800 | $345,800 | -20.3% |
| 2023 | $307,200 | $433,715 | +12.6% |
| 2022 | $307,200 | $385,349 | +12.3% |
| 2021 | $307,200 | $343,240 |
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 2026-09-13. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.