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40-42 Ontario Street, Albany, NY 12206

Local realty services provided by:CENTURY 21 North East
40-42 Ontario Street,Albany, NY 12206
$499,000
  • 12 Beds
  • 6 Baths
  • 8,820 sq. ft.
  • Multi-family
  • Pending
Listed by: tina e stehlin, daniel nelson
Office: realty one group key
MLS#:202530337
Source:Global MLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$56.58

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:56 day(s) ago
  • Updated:January 29, 2026 at 09:19 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:8,820 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1890
  • Building area:8,820 sq. ft.
  • Lot area:0.1 Acres

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$56.58
  • Tax amount:$11,681
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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