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18 Units-Washington Park / Albany Med 2 Multifamily Properties Offered at $1,990,000 in Albany, NY
INVESTMENT HIGHLIGHTS
- Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit)
- Very well maintained with no deferred maintenance
- Just steps from Washington Park, Albany Medical Center, and the Empire State Plaza
- Includes ample off-street parking, a 3-car garage
EXECUTIVE SUMMARY
Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.
PROPERTY FACTS
| Price | $1,990,000 | Number of Properties | 2 |
| Price / SF | $107.81 / SF | Individually For Sale | 0 |
| Cap Rate | 7.01% | Total Building Size | 18,459 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | $1,990,000 |
| Price / SF | $107.81 / SF |
| Cap Rate | 7.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,459 SF |
| Total Land Area | 0.41 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 102 S Lake Ave, Albany, NY 12208 | Multifamily | 12,072 SF | 1900 | - |
| 106 S Lake Ave, Albany, NY 12208 | Multifamily | 6,387 SF | 1900 | - |
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18 Units-Washington Park / Albany Med
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