101 3rd Avenue, Albany, NY 12202
Local realty services provided by:CENTURY 21 North East
101 3rd Avenue,Albany, NY 12202
$189,900
- 4 Beds
- 3 Baths
- 1,750 sq. ft.
- Multi-family
- Pending
Listed by: leon levy, melissa hems
Office: berkshire hathaway home services blake
MLS#:202610761
Source:Global MLS
Price summary
- Price:$189,900
- Price per sq. ft.:$108.51
About this home
Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit.
The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential.
Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth.
Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal.
ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request.
98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000....
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Home facts
- Year built:1910
- Listing ID #:202610761
- Added:53 day(s) ago
- Updated:March 10, 2026 at 07:29 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Wood
- Basement Description:Apartment, Partial, Sump Pump, Walk-Out Access
- Living area:1,750 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1910
- Building area:1,750 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Cleared, Level, Road Frontage
- Architectural Style:Traditional
- Construction Materials:Brick
- Exterior Features:Front Porch, Pressure Treated Deck, Rear Porch
Schools
- High school:Albany
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$189,900
- Price per sq. ft.:$108.51
- Tax amount:$3,677
Features and amenities
- Laundry features:Common Area, Electric Dryer Hookup, In Basement, Washer Hookup
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