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USANYAlbany186 2Nd Avenue
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186 2nd Avenue, Albany, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$215,000

620

MLS® 202610659

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2472 sqft
Garage No
Taxes $4,207
Days Active 0
Lot Size 0.06 acres
Approx. Age 1920
Avg. Price Per Sqft $86
MLS® Number 202610659

Property Address: 186 2nd Avenue, Albany, NY, 12202

Average square foot calculated using Size range provided by listing agent.

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
MLS® Number202610659
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1920
BasementUnfinished
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 15, 2026List Date
$215,000List Price
  • Commute

Commute

Starting Address
Destination Address
186 2nd Avenue, Albany, NY

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