261 Central Avenue, Albany, NY 12206, Albany

$ 2,199,000

Overview

  • Updated On:
  • July 22, 2026
  • 5,952 ft2
  • Property Size

Description

Excellent investment opportunity in the heart of Albany’s Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

Address: 261 Central Avenue, Albany, NY 12206
City:
State/County:
Zip: 12206
Country: United States

Property Id: 737698
Price: $ 2,199,000
Property Size: 5,952 ft2
Property Lot Size: 0 ft2
Listing Agent Email: RyanPEdson@gmail.com
Listing Agent: Ryan Edson
Listing Agent Phone: 518-728-1511
Listing Office: Realty One Group Key

Other Features
Has Cooling System
Has Heating System

$ 11,274.71
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 8,525.96

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Colin McDonald

Broker Owner

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Colin McDonald