23 McAlpin Street, Albany, NY 12209, Albany

$ 539,000

Overview

  • Updated On:
  • September 29, 2025
  • 6
  • Bedrooms
  • 4
  • Bathrooms
  • 3,225 ft2
  • Property Size

Description

Prime Investment Opportunity – 4-Unit Multi-Family Building

Location: Heart of Albany, NY
Year Built: 1980
Property Type: 4-Family Brick Building

Property Overview:
Exceptional investment opportunity featuring a meticulously maintained 4-unit brick building in Albany’s desirable central location. This three-story property with full unfinished basement offers outstanding income potential with fully occupied, quality tenants in place.

Unit Configuration
Upper 2 Floors (2 Units):

Two exceptionally spacious 2-bedroom apartments
Oversized living rooms perfect for entertaining
Dedicated formal dining rooms
Flexible floor plans with potential for easy conversion to 3-bedroom units

First Floor (2 Units):

Two comfortable 1-bedroom apartments
Ideal for young professionals or couples

Premium Features & Recent Updates
Recent Renovations (Within 2 Years):

All four kitchens completely updated with granite countertops
Modern appliances throughout
All four bathrooms beautifully renovated

Character & Quality:

Original hardwood floors in excellent condition throughout all units
Solid brick construction ensuring durability and low maintenance
Full unfinished basement providing expansion potential

Investment Highlights

Fully Occupied with established, reliable tenants
Consistent rental income stream
Secure additional storage in basement for both tenants and owner
Prime Albany location with strong rental demand
Well-maintained property requiring minimal immediate investment

Additional Storage
Basement features secure storage areas providing added value for tenants while offering convenient storage solutions for property management needs.

This turnkey investment property combines historic charm with modern updates, making it an ideal addition to any real estate portfolio.

Listing agent is a part owner.

Address: 23 McAlpin Street, Albany, NY 12209
City:
State/County:
Zip: 12209
Country: United States

Property Id: 207749
Price: $ 539,000
Property Size: 3,225 ft2
Property Lot Size: 0 ft2
Bedrooms: 6
Bathrooms: 4
Listing Agent Email: Imamhuss@gmail.com
Listing Agent: Imam Hussain
Listing Agent Phone: 518-227-0616
Listing Office: NAI Platform LLC

Other Features
Has Cooling System
Has Heating System
Open Parking
Other

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

$ 2,763.56
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,089.81

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