102 S Lake Avenue, Albany, NY 12208

Local realty services provided by:HUNT Real Estate ERA
102 S Lake Avenue,Albany, NY 12208
$1,990,000
  • 21 Beds
  • 18 Baths
  • 10,263 sq. ft.
  • Multi-family
  • Active
Listed by: rudy r lynch, thomas miller
Office: carrow real estate services llc.
MLS#:202526005
Source:Global MLS

Price summary

  • Price:$1,990,000
  • Price per sq. ft.:$193.9

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:202526005
  • Added:93 day(s) ago
  • Updated:December 20, 2025 at 03:55 PM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:18
  • Full bathrooms:18
  • Living area:10,263 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Rubber, Slate
  • Year built:1900
  • Building area:10,263 sq. ft.
  • Lot area:0.21 Acres

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$193.9
  • Tax amount:$20,972
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