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40-42 Ontario Street, Albany, NY 12206

Albany
Local realty services provided by:CENTURY 21 North East
40-42 Ontario Street,Albany, NY 12206
$510,000
  • 12 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: tina e stehlin, daniel nelson
Office: realty one group key
MLS#:202530337
Source:Global MLS

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Price summary

  • Price:$510,000

About this home

Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.

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Home facts

  • Year built:1890
  • Listing ID #:202530337
  • Added:100 day(s) ago
  • Updated:March 14, 2026 at 01:51 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Hardwood, Laminate
  • Basement Description:Apartment, Full, Walk-Out Access

Heating and cooling

  • Heating:Electric, Forced Air, Hot Water, Natural Gas

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1890
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Brick

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$510,000
  • Tax amount:$11,681

Features and amenities

  • Amenities:Other
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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