Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.
Active
$320,000
199 N Lake Avenue, Albany, NY 12206
8beds
2,032sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$310,300 Zestimate®
$157/sqft
$-- HOA
What's special
Additional land valueTwo spacious units
- 33 days |
- 519 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
GROUP TWENTY SIX NY LLC 518-201-9292,
Linda Chiou 516-512-1437
Source: Global MLS,MLS#: 202619923
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Features
- Basement: Exterior Entry,Interior Entry,Unfinished,Walk-Out Access
Interior area
- Total structure area: 2,032
- Total interior livable area: 2,032 sqft
- Finished area above ground: 2,032
- Finished area below ground: 1,000
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Paved, Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: None
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 010100 65.47448
- 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
- New construction: No
- 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: $157/sqft
- Tax assessed value: $117,708
- Annual tax amount: $2,054
- Date on market: 6/18/2026
Estimated market value
$310,300
$295,000 - $326,000
$1,560/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $320,000+966.7%$157/sqft |
Source:  Global MLS #202619923 Report a problem | ||
| 4/28/2014 | Listing removed | $30,000$15/sqft |
Source: CMN Real Estate #201404263 Report a problem | ||
| 3/19/2014 | Listed for sale | $30,000-69.4%$15/sqft |
Source: CMN Real Estate #201404263 Report a problem | ||
| 12/22/2008 | Listing removed | $98,000$48/sqft |
Source: Point2 #28112400 Report a problem | ||
| 6/19/2008 | Listed for sale | $98,000+60.7%$48/sqft |
Source: Point2 #28112400 Report a problem | ||
| 12/22/2006 | Sold | $61,000+10.9%$30/sqft |
Source: Global MLS #26108572 Report a problem | ||
| 7/27/2004 | Sold | $55,000+37.8%$27/sqft |
Source: Public Record Report a problem | ||
| 5/21/1996 | Sold | $39,900$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $113,000 |
| 2024 | -- | $113,000 +59.2% |
| 2023 | -- | $71,000 |
| 2022 | -- | $71,000 |
| 2021 | -- | $71,000 |
| 2020 | -- | $71,000 |
| 2019 | -- | $71,000 |
| 2018 | -- | $71,000 |
| 2017 | $3,604 +7.2% | $71,000 |
| 2016 | $3,361 | $71,000 +2% |
| 2015 | -- | $69,600 |
| 2014 | -- | $69,600 |
| 2013 | -- | $69,600 |
| 2012 | -- | $69,600 |
| 2011 | -- | $69,600 |
| 2010 | -- | $69,600 |
| 2009 | -- | $69,600 |
| 2008 | -- | $69,600 |
| 2007 | -- | $69,600 +39.2% |
| 2006 | -- | $50,000 +114.6% |
| 2005 | -- | $23,300 |
| 2004 | -- | $23,300 |
| 2003 | -- | $23,300 -16.8% |
| 2002 | -- | $28,000 |
| 2001 | -- | $28,000 |
| 2000 | -- | $28,000 |
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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