Albany, NY 12206 · Albany County

This 1927 bungalow on two parcels at 51 and 53 Benson Street offers a rare combination of residential space and income potential. The main home features three bedrooms, 1.5 baths, hardwood floors, an updated kitchen with granite countertops and island, and a first-floor bedroom. The property includes eight detached garages: four on the home parcel and four on the adjoining lot. Three garages are currently leased, generating immediate rental income, while the remaining five offer flexibility for storage, workshop space, or additional revenue. Located off Central Avenue in Albany, the home provides convenient access to shopping, dining, hospitals, and major highways.
**OPEN HOUSE Sunday 8/23 from 3-5pm** A rare opportunity to own two parcels offering the perfect combination of a beautifully updated home and exceptional income potential. This sale includes 51 & 53 Benson Street, featuring a move-in ready 3-bedroom, 1.5-bath bungalow, 8 detached garages, and immediate rental income. Four garages are located on the homesite, with an additional four on the adjoining parcel. Three garages are currently leased, providing income from day one. The home blends classic charm with modern updates, featuring hardwood floors, a bright living room, an updated kitchen with granite countertops, stainless steel appliances, a center island, spacious dining area, first-floor bedroom, full bath, laundry area and office space, plus an enclosed front porch. Upstairs offers two additional bedrooms, an updated half bath, and a versatile bonus space. Whether you're looking for an owner-occupied home with supplemental income or a unique investment opportunity, the garages offer endless possibilities for rental income, storage, workshop space, or hobby use. Conveniently located just off Central Avenue with easy access to shopping, restaurants, hospitals, and major highways, this one-of-a-kind property is a must-see. **See list of details in documents. Some photos have been virtually staged. Make sure to check out the virtual tour and YouTube video.**
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Albany is in Albany County, NY. There are currently 254 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 16% below the Albany median of $314,950.
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Empire Real Estate Firm LLC · Listed by Marisa Moffatt (38586)
Contact: 518-598-9824
MLS #202622005 · Source: Global MLS, Inc.
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Activity across 2 MLS listings of this property.
Real numbers from current MLS data. Not a third-party estimate.