335 1st Street, Albany, NY 12206

Albany
Local realty services provided by:HUNT Real Estate ERA
335 1st Street,Albany, NY 12206
$170,000
Virtual Tour
  • 4 Beds
  • 2 Baths
  • 1,800 sq. ft.
  • Multi-family
  • Active
Listed by: shania holt
Office: find advisors
MLS#:202629755
Source:Global MLS

Price summary

  • Price:$170,000
  • Price per sq. ft.:$94.44

About this home

Excellent Investment Opportunity - Two-Unit Property with a cap rate of 8.18% just off one unit. Don't miss this opportunity to own an income-producing two-unit property with additional upside potential! This property features a long-term tenant currently paying $1,826 per month, with a scheduled rent increase to $1,981 effective January 1, 2027. Recent improvements include a NEW ROOF, NEW SIDING, and NEW HOT WATER TANKS! The second unit is currently vacant and ready for its next owner. Whether you're looking to owner-occupy while collecting rental income from the other unit or lease the vacant apartment to maximize your investment returns, the possibilities are there. INVESTORS TAKE NOTICE! This property offers a current cap rate of 8.18%, with the potential to increase to 9.28% effective January 1, 2027, just off of the one occupied unit. Showing are restricted to M, W, F & Saturdays from 10am -7pm.

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Home facts

  • Year built:1870
  • Listing ID #:202629755
  • Added:3 day(s) ago
  • Updated:November 12, 2026 at 05:00 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Full, Unfinished
  • Living area:1,800 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1870
  • Building area:1,800 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$94.44
  • Tax amount:$2,786
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