Albany, NY 12202 · Albany County

This three-unit property in Albany's South End offers both owner-occupancy and investment potential. Built in 1890 and recently updated, it contains 1,368 square feet across three floors with a finished basement. Two units are currently vacant and ready for immediate occupancy or rental, while the third unit generates active income with an existing tenant. The location places you minutes from Downtown Albany, Empire State Plaza, the waterfront, and major highways, with nearby walkable access to shops, restaurants, parks, and public transit. No HOA.
Three-Unit Investment | Albany's South End Exceptional opportunity for investors or owner-occupants in Albany's growing South End. This updated three-unit property sits minutes from Downtown Albany, Empire State Plaza, the Albany Waterfront, and major highway access. Unit Mix: 1st and 2nd floor units are vacant -- move in or rent immediately. Basement unit is tenant-occupied with active cash flow. Recent updates throughout all three floors. Location: Positioned in one of Albany's most actively developing corridors, with new construction, infrastructure improvements, and community reinvestment underway. Walkable to shops, restaurants, parks, public transit, and government offices. The Opportunity: Immediate income, flexible occupancy options, and long-term upside in a high-demand rental market. A strong addition to any portfolio.
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 21% below the Albany median of $314,900.
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CapMark Realty LLC · Listed by Alexandria Sifontes (32421)
Contact: 518-470-8474
MLS #202619875 · 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 · Three Family Year-Round Residence
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $152,000 | $158,333 | +4.2% |
| 2024 | $152,000 | $152,000 | +207.6% |
| 2023 | $35,000 | $49,414 | +12.6% |
| 2022 | $35,000 | $43,904 | +12.3% |
| 2021 | $35,000 | $39,106 |
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.
FEMA Zone X: minimal flood risk
Outside the mapped 1% and 0.2% annual-chance floodplains. Flood insurance is optional here.
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.