Prime Investment Opportunity: High-Yield Multi-Family in Albany
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity.
Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant.
Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
Closed
$195,000
186 2nd Avenue, Albany, NY 12202
6beds
2,472sqft
Duplex, Multi Family
Built in 1920
-- sqft lot
$195,200 Zestimate®
$79/sqft
$1,521 Estimated rent
Home value
$195,200
$183,000 - $209,000
$1,521/mo
Zestimate® history
Owner options
List your home for rent
$1,521/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,521/mo
Rent Zestimate®
Refinance and save
$1,102/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,102/mo
Est. payment
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List your homeWhat's special
Hud-friendly layout
Zillow last checked:
Listing updated:
Listed by:
Craig Cioffi 518-396-8386,
Weichert Realtors-Reliable Properties
Bought with:
Bhuwan Rai, 10401397163
KW Platform
Source: Global MLS,MLS#: 202610659
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant, Natural Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,472
- Total interior livable area: 2,472 sqft
- Finished area above ground: 2,472
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 2,613 sqft
Details
- Parcel number: 010100 76.7124
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Other, Block, Drywall
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany
Other
Other facts
- Ownership: SP RE INV
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Sold | $195,000-2%$79/sqft |
Source:  Global MLS #202610659 Report a problem | ||
| 4/3/2026 | Pending sale | $199,000$81/sqft |
Source: Global MLS #202610659 Report a problem | ||
| 3/2/2026 | Price change | $199,000-7.4%$81/sqft |
Source: Global MLS #202610659 Report a problem | ||
| 1/15/2026 | Listed for sale | $215,000+16.2%$87/sqft |
Source: Global MLS #202610659 Report a problem | ||
| 2/12/2024 | Sold | $185,000-7%$75/sqft |
Source: Global MLS #202325977 Report a problem | ||
| 12/15/2023 | Pending sale | $199,000$81/sqft |
Source: Global MLS #202325977 Report a problem | ||
| 11/29/2023 | Price change | $199,000-2.9%$81/sqft |
Source: Global MLS #202325977 Report a problem | ||
| 11/12/2023 | Price change | $204,900-4.7%$83/sqft |
Source: Global MLS #202325977 Report a problem | ||
| 10/4/2023 | Listed for sale | $214,900+43.4%$87/sqft |
Source: Global MLS #202325977 Report a problem | ||
| 5/23/2023 | Listing removed | -- |
Source: Global MLS #202112789 Report a problem | ||
| 2/8/2022 | Listing removed | $149,900$61/sqft |
Source: Global MLS #202112789 Report a problem | ||
| 2/25/2021 | Pending sale | $149,900+175.5%$61/sqft |
Source: Global MLS #202112789 Report a problem | ||
| 9/19/2017 | Listing removed | $54,406-34.5%$22/sqft |
Source: Auction.com Report a problem | ||
| 8/22/2017 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 10/25/2002 | Sold | $83,000+186.2%$34/sqft |
Source: Public Record Report a problem | ||
| 9/20/2002 | Sold | $29,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $170,000 |
| 2024 | -- | $170,000 +95.4% |
| 2023 | -- | $87,000 |
| 2022 | -- | $87,000 |
| 2021 | -- | $87,000 |
| 2020 | -- | $87,000 |
| 2019 | -- | $87,000 |
| 2018 | -- | $87,000 |
| 2017 | $3,697 +93% | $87,000 |
| 2016 | $1,915 | $87,000 +1% |
| 2015 | -- | $86,100 |
| 2014 | -- | $86,100 |
| 2013 | -- | $86,100 |
| 2012 | -- | $86,100 |
| 2011 | -- | $86,100 |
| 2010 | -- | $86,100 |
| 2009 | -- | $86,100 |
| 2008 | -- | $86,100 |
| 2007 | -- | $86,100 +68.8% |
| 2006 | -- | $51,000 |
| 2005 | -- | $51,000 |
| 2004 | -- | $51,000 |
| 2003 | -- | $51,000 -18.7% |
| 2002 | -- | $62,700 |
| 2001 | -- | $62,700 |
| 2000 | -- | $62,700 |
Find assessor info on the county website
Neighborhood: Second Avenue
Nearby schools
GreatSchools rating
- 2/10Delaware Community SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Stephen And Harriet Myers Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- High: Albany
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Albany County
- Albany
- 12202
- Second Avenue
- 186 2nd Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
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