Albany, NY 12208 · Albany County

This quadruplex on New Scotland Avenue puts tenants within minutes of St. Peter's Hospital and close to Albany's restaurants, shops, and parks. The four-unit property contains five bedrooms and a den across 4,700 square feet, with a two-car garage, coin-operated laundry, separate utilities for each unit, and a boiler installed in 2021. Currently fully rented, it sits in Albany's capital district, where multifamily properties in this location are rarely available. There is no HOA.
LOCATION LOCATION LOCATION! An exceptional opportunity to own a fully rented four-unit property in one of Albany's most convenient and desirable locations! Ideally situated on New Scotland Av, this property places tenants just moments from St. Peter's Hospital and within easy reach of some of Albany's best locally owned restaurants, shops, services, parks, and everyday amenities. With so much nearby, the location offers the accessibility and neighborhood appeal that continues to make this area highly sought after. The property offers a total of five bedrooms plus a den across four units, providing a versatile mix of living spaces and a strong established rental opportunity. Additional highlights include a two-car garage, coin-operated laundry for tenant convenience, and a newer boiler installed in 2021. Separate electric panels and gas meters for cooking gas add to the property's functional setup, while the seller provides heat and hot water. Fully occupied and positioned in a location where four-unit properties rarely become available, this is an exceptional opportunity to add a well-established Albany multifamily property to your portfolio. Whether you're looking to expand an existing investment portfolio or secure a property in a highly convenient New Scotland location, this one stands out for its combination of location, income potential, and long-term appeal.
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 264 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 18% above the Albany median of $322,000.
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Monticello · Listed by Nirisa Adams (30413)
Contact: 518-526-3440
MLS #202626161 · 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.
Public assessment record for the Albany roll · Albany school district · Apartments
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $221,700 | $230,938 | +4.2% |
| 2024 | $221,700 | $221,700 | -11.2% |
| 2023 | $176,900 | $249,753 | +12.6% |
| 2022 | $176,900 | $221,902 | +12.3% |
| 2021 | $176,900 | $197,654 |
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 2026-09-15. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.