431 Morris Street, Albany, NY 12208

Albany
Local realty services provided by:HUNT Real Estate ERA
431 Morris Street,Albany, NY 12208
$285,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • 1,820 sq. ft.
  • Multi-family
  • Active
Listed by: ellen evans
Office: gendron's property management
MLS#:202612862
Source:Global MLS

Price summary

  • Price:$285,000
  • Price per sq. ft.:$156.59

About this home

Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is vacant and was rented for $1,515/month for the past 7 years, with projected market rent around $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.

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Home facts

  • Year built:1900
  • Listing ID #:202612862
  • Added:4 day(s) ago
  • Updated:March 10, 2026 at 02:26 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Vinyl
  • Basement Description:Full
  • Living area:1,820 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1900
  • Building area:1,820 sq. ft.
  • Lot area:0.06 Acres
  • Architectural Style:Traditional
  • Construction Materials:Vinyl Siding

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$285,000
  • Price per sq. ft.:$156.59
  • Tax amount:$5,694
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