290 Morton Avenue, Albany, NY 12209
Local realty services provided by:CENTURY 21 North East
290 Morton Avenue,Albany, NY 12209
$392,000
- 7 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: garret p hebert
Office: clancy real estate
MLS#:202614643
Source:Global MLS
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Price summary
- Price:$392,000
About this home
Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit.
At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location....
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Home facts
- Year built:1921
- Listing ID #:202614643
- Added:72 day(s) ago
- Updated:June 20, 2026 at 03:47 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Flooring:Carpet, Hardwood, Tile
- Bathrooms Description:Ceramic Tile Bath
- Basement Description:Apartment, Finished, Full, Heated, Walk-Out Access
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard, Hot Water, Radiant
Structure and exterior
- Year built:1921
- Lot Features:Cleared, Landscaped
- Architectural Style:Traditional
- Construction Materials:Aluminum Siding
- Exterior Features:Deck, Garden
Schools
- High school:Albany
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$392,000
- Tax amount:$5,107
Features and amenities
- Laundry features:Common Area
- Amenities:Built-in Features, Cathedral Ceiling(s), Crown Molding, High Speed Internet, Solid Surface Counters
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