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Listed by Shania Holt • Find Advisors

$ 170,000

Est. payment -/mo

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New

335 1st Street Albany, NY 12206

4 Beds

2 Baths

1,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $94

MLS Listing ID 202629755

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1870

Annual Tax Amount $2,786

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Duplex

Source Global MLS

Property Description

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.

Location

State NY

County Albany

Direction From Henry Johnson Blvd drive up Livingston Ave make a left turn on Judson st then take a left turn on First st.

Interior

Heating Hot Water, Other, Natural Gas

Exterior

Exterior Feature None

Parking Features None

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 65.56-3-57

Special Listing Condition Other

Dawn Jacobson

NYS Licensed Real Estate Broker Partner-Owner

+1(518) 588-5916 | dawn@empirerealestatefirm.com

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