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102 S Lake Avenue, Albany, NY 12208

Albany
Local realty services provided by:CENTURY 21 North East
102 S Lake Avenue,Albany, NY 12208
$1,990,000
  • 21 Beds
  • 18 Baths
  • 10,263 sq. ft.
  • Multi-family
  • Pending
Listed by: rudy r lynch, thomas miller
Office: carrow real estate services llc.
MLS#:202526005
Source:Global MLS

Price summary

  • Price:$1,990,000
  • Price per sq. ft.:$193.9

About this home

Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.

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Home facts

  • Year built:1900
  • Listing ID #:202526005
  • Added:222 day(s) ago
  • Updated:April 28, 2026 at 07:32 AM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:18
  • Full bathrooms:18
  • Basement Description:Finished
  • Living area:10,263 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Rubber, Slate
  • Year built:1900
  • Building area:10,263 sq. ft.
  • Lot area:0.21 Acres
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Vinyl Siding

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$193.9
  • Tax amount:$20,972

Features and amenities

  • Amenities:Other

Parking

  • Total parking spaces:9
  • Garage:Yes
  • Garage spaces:3
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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