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335 1st Street, Albany, NY 12206

Albany
Local realty services provided by:CENTURY 21 Adirondacks
335 1st Street,Albany, NY 12206
$170,000
  • 4 Beds
  • 2 Baths
  • 1,800 sq. ft.
  • Multi-family
  • Active
Listed by: shania holt
Office: find advisors
MLS#:202629755
Source:Global MLS

Price summary

  • Price:$170,000
  • Price per sq. ft.:$94.44

About this home

Excellent Investment Opportunity - Two-Unit Property with a cap rate of 8.18% just off one unit. Don't miss this opportunity to own an income-producing two-unit property with additional upside potential! This property features a long-term tenant currently paying $1,826 per month, with a scheduled rent increase to $1,981 effective January 1, 2027. Recent improvements include a NEW ROOF, NEW SIDING, and NEW HOT WATER TANKS! The second unit is currently vacant and ready for its next owner. Whether you're looking to owner-occupy while collecting rental income from the other unit or lease the vacant apartment to maximize your investment returns, the possibilities are there. INVESTORS TAKE NOTICE! This property offers a current cap rate of 8.18%, with the potential to increase to 9.28% effective January 1, 2027, just off of the one occupied unit. Showing are restricted to M, W, F & Saturdays from 10am -7pm.

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Home facts

  • Year built:1870
  • Listing ID #:202629755
  • Added:1 day(s) ago
  • Updated:November 08, 2026 at 10:48 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Full, Unfinished
  • Living area:1,800 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1870
  • Building area:1,800 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$94.44
  • Tax amount:$2,786
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: Angela Brown

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