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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
  • Pending
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. This property offers the perfect blend of immediate cash flow potential and value-add opportunity. Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant. Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances. Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region. Don't miss out on this high-performing asset. --- Unit Configuration Estimated Market Rent HUD Payment Standard (2026) 3-Bedroom Unit $1,827 / mo 4-Bedroom Unit...

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Home facts

  • Year built:1920
  • Listing ID #:202610659
  • Added:147 day(s) ago
  • Updated:June 12, 2026 at 08:33 AM

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. NY_GCAR Member Broker: Jim D’Amico

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