Pending

$1,990,000

102 S Lake Avenue, Albany, NY 12208

21beds

10,263sqft

Multi Family, Apartment

Built in 1900

-- sqft lot

$1,818,400 Zestimate^®

$194/sqft

$-- HOA

What's special

Ample off-street parking

Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.

312 days

26

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 21
Bathrooms: 18
Full bathrooms: 18

Heating

Natural Gas

Features

Basement: Finished

Interior area

Total structure area: 10,263
Total interior livable area: 10,263 sqft
Finished area above ground: 10,263
Finished area below ground: 4,672

Property

Parking

Total spaces: 9
Parking features: Garage
Garage spaces: 3

Features

Exterior features: Other

Lot

Size: 9,147 Square Feet

Details

Parcel number: 010100 65.77414
Zoning description: Multi Residence
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes

Materials

Vinyl Siding
Roof: Slate,Rubber

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Albany

Financial & listing details

Price per square foot: $194/sqft
Annual tax amount: $20,972
Date on market: 9/17/2025

Estimated market value

$1,818,400

$1.73M - $1.91M

$1,571/mo

Price history

Date	Event	Price
2/13/2026	Pending sale	$1,990,000$194/sqft
Source: Global MLS #202526005 Report a problem
9/17/2025	Listed for sale	$1,990,000$194/sqft
Source: Global MLS #202526005 Report a problem
10/7/2024	Listing removed	$1,050
Source: Zillow Rentals Report a problem
10/3/2024	Listed for rent	$1,050+35.5%
Source: Zillow Rentals Report a problem
4/19/2016	Listing removed	$775+6.9%
Source: A Team Property Management, Inc Report a problem
10/9/2014	Listing removed	$725
Source: A Team Property Management, Inc Report a problem
9/3/2014	Listed for rent	$725
Source: A Team Property Management, Inc Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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