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186 2nd Avenue, Albany, NY 12202

Albany
Local realty services provided by:CENTURY 21 North East
186 2nd Avenue,Albany, NY 12202
$199,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • 2,472 sq. ft.
  • Multi-family
  • Active
Listed by: craig cioffi
Office: weichert realtors-reliable properties
MLS#:202610659
Source:Global MLS

Price summary

  • Price:$199,000
  • Price per sq. ft.:$80.5

About this home

Prime Investment Opportunity: High-Yield Multi-Family in Albany Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity. The Highlights Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately. Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ''refresh''—paint, minor flooring, and appliances—will easily bridge the gap to

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Home facts

  • Year built:1920
  • Listing ID #:202610659
  • Added:45 day(s) ago
  • Updated:March 02, 2026 at 06:41 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Unfinished
  • Living area:2,472 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Year built:1920
  • Building area:2,472 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Block, Drywall

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$80.5
  • Tax amount:$4,207
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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