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17 N Lake Ave, Albany, NY 12203

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For Sale

$265,000

4 beds • 2 baths • 1,888 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $140.36
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Well-maintained two-family home located directly across from the University at Albany's Downtown Campus, with easy access to public transportation right on the bus line. Each floor features a spacious 2-bedroom, 1-bath layout with separate utilities and month-to-month leases in place. The upstairs unit currently rents for $1,296 per month (see agent remarks), while the downstairs unit rents for $1,000 per month and includes responsibilities for garbage, lawn care, and snow removal. The upstairs apartment is heated by electric baseboards and features a brand-new oven installed in 2025. The downstairs unit has a brand-new gas forced hot air furnace installed in 2025, along with existing electric baseboard heat. The kitchen in the lower unit has also been updated with a new hood and refrigerator in 2024. Both units have access to a stackable washer and dryer located in the foyer; the washer is not currently functional due to a faulty motherboard, but the dryer is working. Additional updates include new windows in the downstairs apartment (2023) and the roof was resealed in August 2024. All new OC permits have just been issued, making this property move-in ready and compliant. Whether you're an investor or looking to live in one unit and rent the other, this property offers strong rental potential in a high-demand area.
MLS# 11578606

Courtesy Of COLDWELL BANKER PRIME PROPERTIES

(518) 793-4488

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    New Traditional
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Hardwood, Laminate
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    0.05 Acres
  • Rooms
    Basement, Dining Room, Family Room, Kitchen, Living Room

Map and Directions

Directions to 17 N Lake Ave, Albany, NY 12203

Home seller CENTURY 21 North East

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CENTURY 21 North East

(800) 844-7653
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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.