27 N Lake Avenue, Albany, NY 12203

Albany
Local realty services provided by:HUNT Real Estate ERA
27 N Lake Avenue,Albany, NY 12203
$325,000
  • 6 Beds
  • 2 Baths
  • 2,364 sq. ft.
  • Multi-family
  • Pending
Listed by: ryan gallup
Office: gallup property group llc.
MLS#:202530845
Source:Global MLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$137.48

About this home

Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a proven rental history, previously generating $3,275 per month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a highly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students,...

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Home facts

  • Year built:1900
  • Listing ID #:202530845
  • Added:86 day(s) ago
  • Updated:March 10, 2026 at 07:29 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Vinyl
  • Basement Description:Full
  • Living area:2,364 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:2,364 sq. ft.
  • Lot area:0.07 Acres
  • Lot Features:Road Frontage
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding
  • Exterior Features:Enclosed, Rear Porch
  • Foundation Description:Block

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$137.48
  • Tax amount:$4,909

Features and amenities

  • Laundry features:Electric Dryer Hookup, In Bathroom, Main Level, Upper Level, Washer Hookup
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