Sharon FronkRealtor® · Howard Hanna
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New Listing
$1,199,900
97-99 Homestead
Albany, NY 12203 · Albany County
16Beds
8Baths
6,184Sq Ft
0.34 acresLot Size
1940Year Built
$194Per Sq Ft
Est. P&I $6,067/moGet pre-qualified
Multi-Family New today
MLS# 202625727 Updated just now
Sharon’s Take
This eight-unit investment property comprises two brick buildings on Homestead Avenue in Albany, each containing four apartments. The complex features six garage bays, basement storage, shared laundry facilities, and ample parking, all situated on a maintained lot with strong curb appeal. Units showcase hardwood flooring, open floor plans, and finishes such as granite countertops and radiant-heated bathrooms. Currently fully occupied and generating approximately $129,000 in annual gross rental income, with potential to reach $153,600 at market rates, this turnkey property offers an established income stream in New York's capital city, known for its cultural amenities, dining scene, and proximity to the Adirondacks.
Sharon Fronk · Howard Hanna Capital Region
About this property
Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!
Is it priced right?
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.
Price per sq ft
$194
Days on market
New today
Fresh listing
Year built
1940
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32 facts pulled straight from the MLS listing.
Overview
Property TypeMulti-Family
Sub-TypeMulti Family
Year Built1940
StatusActive
MLS Number202625727
ListedSeptember 9, 2026
Interior
Bedrooms16
Bathrooms8 full
Living Area6,184 sq ft
Heating
Hot WaterRadiantRadiant FloorNatural Gas
Cooling
Window Unit(s)
Flooring
TileHardwood
Basement
Full
Interior Features
Full BasementSolid Surface CountersHigh Speed InternetBuilt-in FeaturesCeramic Tile Bath
Exterior & Lot
Lot Size0.34 acres
Garage Spaces6
Parking
PavedDetachedDrivewayGarage
Exterior Features
OtherGarage6 Car GaragePavedDetachedDriveway
Building & Construction
Architectural Style
Apartment 4 Plus Unit
Construction
Brick
Roof
FlatRubber
Sewer
Public Sewer
Water Source
Public
Financial
List Price$1,199,900
Price per Sq Ft$194
Special Conditions
Other
Est. Monthly P&I$6,067/mo
Location
CountyAlbany
School DistrictAlbany
Listing Details
Listed ByKevin Clancy of Clancy Real Estate
Data SourceSpark Platform / Global MLS
Last UpdatedSep 9, 2026
Estimated monthly payment
per mo$8,817
- Principal & Interest$6,067
- Property Tax$2,400
- Insurance$350
Loan Term
Tax 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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- Start97-99 Homestead, Albany, NY 12203
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Schools
The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Albany
Assigned school district
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
About Albany, NY
Albany is in Albany County, NY. There are currently 262 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 269% above the Albany median of $325,000.
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Clancy Real Estate · Listed by Kevin Clancy (2420)
Contact: 518-461-9937
MLS #202625727 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
