186 2nd Avenue, Albany, NY 12202

Albany
Local realty services provided by:HUNT Real Estate ERA
186 2nd Avenue,Albany, NY 12202
$199,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • 2,472 sq. ft.
  • Multi-family
  • Active
Listed by: craig cioffi
Office: weichert realtors-reliable properties
MLS#:202610659
Source:Global MLS

Price summary

  • Price:$199,000
  • Price per sq. ft.:$80.5

About this home

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. This property offers the perfect blend of immediate cash flow potential and value-add opportunity. Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant. Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances. 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. 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...

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Home facts

  • Year built:1920
  • Listing ID #:202610659
  • Added:55 day(s) ago
  • Updated:March 10, 2026 at 03:44 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Unfinished
  • Living area:2,472 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Year built:1920
  • Building area:2,472 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Block, Drywall

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$80.5
  • Tax amount:$4,207
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