40-42 Ontario Street, Albany, NY 12206

Albany
Local realty services provided by:HUNT Real Estate ERA
40-42 Ontario Street,Albany, NY 12206
$510,000
  • 12 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: tina e stehlin, daniel nelson
Office: realty one group key
MLS#:202530337
Source:Global MLS

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Price summary

  • Price:$510,000

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:109 day(s) ago
  • Updated:March 23, 2026 at 06:11 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Hardwood, Laminate
  • Basement Description:Apartment, Full, Walk-Out Access

Heating and cooling

  • Heating:Electric, Forced Air, Hot Water, Natural Gas

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1890
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Brick

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$510,000
  • Tax amount:$11,681

Features and amenities

  • Amenities:Other
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