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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