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285 Washington Ave - 6-Unit Mixed Use 285 Washington Ave 4 Unit Apartment Building $679,900 ($169,975/Unit) 6.32% Cap Rate Albany, NY 12206
Investment Highlights
- 6-Unit Mixed-Use Asset
- Income-Producing Property
- Flexible Commercial Opportunity
- Prime Center Square Location
- Value-Add Potential
- Walkable Urban Location
Executive Summary
Value-add investment opportunity in Albany’s highly desirable Center Square neighborhood. This 6-unit mixed-use apartment building features two street-level commercial spaces, offering investors the opportunity to acquire an existing income-producing asset with additional upside through repositioning, leasing, or owner-user occupancy. Ideally located within walking distance of restaurants, bars, shopping, and Washington Park, the property offers strong urban accessibility and convenient proximity to downtown Albany. A compelling opportunity for investors seeking a value-add multifamily/mixed-use asset in an established neighborhood. Schedule your showing today.
Property Facts
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Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010100-065-071-0003-037-000-0000 | Improvements Assessment | $377,000 |
| Land Assessment | $41,000 | Total Assessment | $418,000 |
Property Taxes
Parcel Number
010100-065-071-0003-037-000-0000
Land Assessment
$41,000
Improvements Assessment
$377,000
Total Assessment
$418,000
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285 Washington Ave - 6-Unit Mixed Use | 285 Washington Ave