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$1,990,000
21 Beds
18 Baths18 full baths
10,263sqft
102 S Lake Ave, Albany, NY 12208
$1,990,000
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Multi Family
Built in 1900
$-- HOA
0.21 acre lot
$194/sq.ft
Description
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 m...
Continue Reading- Houzeo last checked: 44 Minutes ago
- Listing updated: September 17, 2025 at 5:45 pm
- Listing Provided by: Rudy R Lynch (518) 337-3705 DRE #10301200002, Thomas A Miller (518) 495-1000 DRE #10301214368 | Carrow Real Estate Services LLC (518) 462-7491
- Source: Greater Capital Association of Realtors (Global) MLS-NY | MLS#: 202526005
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
10,263 sqft
Lot Size
0.21 acre lot
Basement Area
- sqft
MLS Name
Greater Capital Association of Realtors (Global) MLS
MLS Number
202526005
MLS Status
Active
Days on Market
79
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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