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Listed by Craig Cioffi • Weichert Realtors-Reliable Properties
$ 215,000
Est. payment /mo
New
186 2nd Avenue Albany, NY 12202
6 Beds
2 Baths
2,472 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $86
MLS Listing ID 202610659
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,207
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Duplex
Source Global MLS
Property Description
Prime Investment Opportunity: High-Yield Multi-Family in Albany
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity.
The Highlights
Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately.
Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ''refresh''—paint, minor flooring, and appliances—will easily bridge the gap to top-tier rental premiums.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Property Features
Type: Multi-Family Investment
Units: Large, versatile apartments
Status: Vacant on transfer
Location: Conveniently located near public transit, local amenities, and major commuter routes in Albany.
Investor Note: Properties with 4-bedroom subsidy potential are in extremely high demand and short supply. This is a rare chance to capture higher-than-average vouchers with a very manageable ''light lift'' renovation.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity.
The Highlights
Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately.
Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ''refresh''—paint, minor flooring, and appliances—will easily bridge the gap to top-tier rental premiums.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Property Features
Type: Multi-Family Investment
Units: Large, versatile apartments
Status: Vacant on transfer
Location: Conveniently located near public transit, local amenities, and major commuter routes in Albany.
Investor Note: Properties with 4-bedroom subsidy potential are in extremely high demand and short supply. This is a rare chance to capture higher-than-average vouchers with a very manageable ''light lift'' renovation.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
Location
State NY
County Albany
Direction 2nd Avenue to the block between Putnam and Regent St.
Interior
Heating Radiant, Natural Gas
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Albany
Others
Tax ID 010100 76.71-2-4
