335 1st Street, Albany, NY 12206, Albany

Excellent Investment Opportunity – Two-Unit Property with a cap rate of 8.18% just off one unit. Don’t miss this opportunity to own an income-producing two-unit property with additional upside potential! This property features a long-term tenant currently paying $1,826 per month, with a scheduled rent increase to $1,981 effective January 1, 2027. Recent improvements include a NEW ROOF, NEW SIDING, and NEW HOT WATER TANKS! The second unit is currently vacant and ready for its next owner. Whether you’re looking to owner-occupy while collecting rental income from the other unit or lease the vacant apartment to maximize your investment returns, the possibilities are there. INVESTORS TAKE NOTICE! This property offers a current cap rate of 8.18%, with the potential to increase to 9.28% effective January 1, 2027, just off of the one occupied unit.
Showing are restricted to M, W, F & Saturdays from 10am -7pm.