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  • $510,000

    40-42 Ontario Street, Albany, NY 12206

    12beds
    8,820sqft
    Multi Family, Apartment
    Built in 1890
    -- sqft lot
    $517,400 Zestimate®
    $58/sqft
    $1,578 Estimated rent

    Home value

    $517,400

    $450,000 - $590,000

    $1,578/mo

    Zestimate® history
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    Owner options

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    $1,578/mo

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    $1,578/mo

    Rent Zestimate®

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    $3,472/mo

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    $3,472/mo

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    What's special

    Low-maintenance brick exterior
    Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tina E Stehlin 914-466-6962,

    Realty One Group Key,

    Daniel Nelson 518-469-0015,

    Realty One Group Key

    Bought with:

    Garret P Hebert, 10401296141

    Clancy Real Estate

    Source: Global MLS,MLS#: 202530337MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Electric, Forced Air, Hot Water, Natural Gas
    Features
    • Flooring: Ceramic Tile, Hardwood, Laminate
    • Basement: Apartment,Full,Walk-Out Access
    Interior area
    • Total structure area: 8,820
    • Total interior livable area: 8,820 sqft
    • Finished area above ground: 8,820
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Other
    • Fencing: Back Yard
    Lot
    • Size: 4,356 Square Feet
    Details
    • Parcel number: 010100 65.3913
    • Special conditions: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Flat,Rubber
    Condition
    • Year built: 1890

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Albany

    Financial & listing details

    • Price per square foot: $58/sqft
    • Annual tax amount: $11,681
    • Date on market: 1/12/2026
    • Listing terms: Other
    • Tenant pays: Hot Water, Heat, Electricity

    Price history

    DateEventPrice
    3/13/2026Sold$510,000+2.2%$58/sqft
    Source: Global MLS #202530337 Report a problem
    1/16/2026Pending sale$499,000$57/sqft
    Source: Global MLS #202530337 Report a problem
    1/12/2026Listed for sale$499,000$57/sqft
    Source: Global MLS #202530337 Report a problem
    12/11/2025Pending sale$499,000$57/sqft
    Source: Global MLS #202530337 Report a problem
    12/3/2025Listed for sale$499,000-7.6%$57/sqft
    Source: Global MLS #202530337 Report a problem
    6/30/2025Listing removed$540,000$61/sqft
    Source: Global MLS #202511090 Report a problem
    3/31/2025Price change$540,000-4.4%$61/sqft
    Source: Global MLS #202511090 Report a problem
    2/17/2025Price change$565,000-2.4%$64/sqft
    Source: Global MLS #202511090 Report a problem
    1/23/2025Listed for sale$579,000+50.4%$66/sqft
    Source: Global MLS #202511090 Report a problem
    3/2/2022Sold$385,000+4.3%$44/sqft
    Source: Global MLS #202211415 Report a problem
    2/7/2022Pending sale$369,000$42/sqft
    Source: Global MLS #202211415 Report a problem
    2/2/2022Listed for sale$369,000$42/sqft
    Source: Global MLS #202211415 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Hill

    Nearby schools

    GreatSchools rating
    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.