Fantastic income-producing investment opportunity in Albany! This fully tenant-occupied two-family property features a total of 8 bedrooms and 2 full bathrooms, providing immediate rental income from day one. Whether you're looking to expand your portfolio or secure a cash-flowing asset, this turnkey property is one you won't want to miss.
Active
$299,000
187 N Lake Avenue, Albany, NY 12206
8beds
2,372sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$294,500 Zestimate®
$126/sqft
$-- HOA
What's special
- 34 days |
- 414 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
GROUP TWENTY SIX NY LLC 518-201-9292,
Linda Chiou 516-512-1437
Source: Global MLS,MLS#: 202619924
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Features
- Basement: Interior Entry,Unfinished,Walk-Out Access
Interior area
- Total structure area: 2,372
- Total interior livable area: 2,372 sqft
- Finished area above ground: 2,372
- Finished area below ground: 1,186
Property
Features
- Exterior features: None
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: 010100 65.47314
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
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: $126/sqft
- Tax assessed value: $122,917
- Annual tax amount: $935
- Date on market: 6/18/2026
Estimated market value
$294,500
$280,000 - $309,000
$1,491/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $299,000+130.2%$126/sqft |
Source:  Global MLS #202619924 Report a problem | ||
| 7/3/2006 | Sold | $129,900+100.2%$55/sqft |
Source: Global MLS #26100850 Report a problem | ||
| 10/19/2005 | Sold | $64,900+4.7%$27/sqft |
Source: Global MLS #25117714 Report a problem | ||
| 8/4/2005 | Sold | $62,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $118,000 |
| 2024 | -- | $118,000 +686.7% |
| 2023 | -- | $15,000 |
| 2022 | -- | $15,000 |
| 2021 | -- | $15,000 |
| 2020 | -- | $15,000 |
| 2019 | -- | $15,000 |
| 2018 | -- | $15,000 |
| 2017 | $3,138 +38.1% | $15,000 |
| 2016 | $2,273 | $15,000 -50% |
| 2015 | -- | $30,000 |
| 2014 | -- | $30,000 |
| 2013 | -- | $30,000 |
| 2012 | -- | $30,000 |
| 2011 | -- | $30,000 -75% |
| 2010 | -- | $120,000 |
| 2009 | -- | $120,000 |
| 2008 | -- | $120,000 -7.6% |
| 2007 | -- | $129,900 +81.9% |
| 2006 | -- | $71,400 |
| 2005 | -- | $71,400 |
| 2004 | -- | $71,400 |
| 2003 | -- | $71,400 +22.5% |
| 2002 | -- | $58,300 |
| 2001 | -- | $58,300 |
| 2000 | -- | $58,300 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West Hill
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.4 mi
- 2/10NORTH ALBANY ACADEMY MIDDLE SCHOOLGrades: 6-8Distance: 1.4 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.7 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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