This is a unique opportunity for an investor or builder to restore a piece of Albany history. Unlock the immense potential of this historic 1872 two-family row house located at 302 1st St in the heart of Albany's revitalizing Arbor Hill neighborhood. With a spacious 1,800 sq. ft. layout, this property was originally configured as a duplex with 4 bedrooms, 2 bathrooms, and 2 separate kitchens, offering an ideal setup for a high-income rental property post-renovation. This is your chance to get in on the ground floor of a neighborhood on the rise. First Street has recently benefited from significant infrastructure reconstruction, and new housing developments are emerging throughout the area. The property's strong bones and classic architecture provide a perfect canvas for a full gut renovation. Bring your vision to restore this historic gem to its former glory and capitalize on the growing demand in the area. Connected to public water, sewer, and natural gas, the essential infrastructure is in place. With a full market value assessed at over $105,000, this fire-damaged property is an unparalleled opportunity to build substantial equity. Key Features: •Prime Investment: Ideal two-family layout for rental income. •Historic Character: Built in 1872 with classic row house architecture. •Spacious Layout: 1,800 sq. ft. with 4 bedrooms and 2 bathrooms. •Revitalizing Neighborhood: Located in Arbor Hill, with recent infrastructure upgrades and new construction. •Full Utilities: Connected to public water, sewer, and natural gas. •Blank Slate: A full renovation opportunity for builders and investors.
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