40-42 Ontario Street, Albany, NY 12206
Local realty services provided by:HUNT Real Estate ERA
40-42 Ontario Street,Albany, NY 12206
$499,000
- 12 Beds
- 6 Baths
- 8,820 sq. ft.
- Multi-family
- Pending
Listed by: tina e stehlin, daniel nelson
Office: realty one group key
MLS#:202530337
Source:Global MLS
Price summary
- Price:$499,000
- Price per sq. ft.:$56.58
About this home
Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.
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Home facts
- Year built:1890
- Listing ID #:202530337
- Added:8 day(s) ago
- Updated:December 11, 2025 at 11:35 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Full bathrooms:6
- Living area:8,820 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air, Hot Water, Natural Gas
Structure and exterior
- Roof:Flat, Rubber
- Year built:1890
- Building area:8,820 sq. ft.
- Lot area:0.1 Acres
Schools
- High school:Albany
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$56.58
- Tax amount:$11,681
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