Closed

$750,000

56 Second Avenue, Albany, NY 12202

14beds

5,601sqft

Multi Family, Apartment

Built in 1901

-- sqft lot

$788,800 Zestimate^®

$134/sqft

$1,451 Estimated rent

Home value

$788,800

$686,000 - $899,000

$1,451/mo

Zestimate^® history

Owner options

List your home for rent

$1,451/mo

Rent Zestimate^®

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$1,451/mo

Rent Zestimate^®

Refinance and save

$5,055/mo

Est. payment

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$5,055/mo

Est. payment

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What's special

Seize this rare opportunity to own a beautifully maintained 7-unit investment property in Albany, NY! Fully occupied and generating strong income, this property is a proven money-maker. Each unit has been updated and thoughtfully designed to maximize its potential. The property features its own parking lot, all separate utilities, as well as a dry, finished basement with coin operated washers and dryers. This building has been meticulously maintained for long term value and hassle-free ownership. Located in a desirable area with easy access to local amenities & highways, this is a turnkey investment you dont want to miss!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 7
Full bathrooms: 7

Heating

Baseboard, Electric

Cooling

Window Unit(s)

Features

High Speed Internet, Built-in Features
Flooring: Vinyl, Carpet, Ceramic Tile, Laminate
Basement: Apartment,Finished,Full,Walk-Out Access

Interior area

Total structure area: 5,601
Total interior livable area: 5,601 sqft
Finished area above ground: 5,601
Finished area below ground: 0

Property

Parking

Total spaces: 7
Parking features: Off Street, Paved, Driveway
Has uncovered spaces: Yes

Features

Exterior features: Garden
Has view: Yes
View description: City

Lot

Size: 4,791 sqft
Features: Road Frontage, Corner Lot

Details

Parcel number: 010100 76.7232
Zoning description: Multi Residence
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment
Attached to another structure: Yes

Materials

Brick
Foundation: Brick/Mortar
Roof: Flat,Rubber,Built-Up

Condition

Year built: 1901

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & neighborhood

Security

Security features: Smoke Detector(s), 24 Hour Security, Carbon Monoxide Detector(s)

Location

Region: Albany

Price history

Date	Event	Price
6/26/2026	Listing removed	$1,400
Source: Zillow Rentals Report a problem
9/28/2025	Listed for rent	$1,400+48.1%
Source: Zillow Rentals Report a problem
7/25/2025	Sold	$750,000-0.9%$134/sqft
Source: Global MLS #202514871 Report a problem
6/11/2025	Pending sale	$756,800$135/sqft
Source: Global MLS #202514871 Report a problem
5/14/2025	Price change	$756,800-2.3%$135/sqft
Source: Global MLS #202514871 Report a problem
4/9/2025	Listed for sale	$775,000$138/sqft
Source: Global MLS #202514871 Report a problem
9/1/2017	Listing removed	$945
Source: Prime Listings, Inc #201714340 Report a problem
8/25/2017	Price change	$945-1%
Source: Prime Listings, Inc #201714340 Report a problem
7/20/2017	Price change	$955+2.1%
Source: Prime Listings, Inc #201714340 Report a problem
3/6/2017	Price change	$935+1.1%
Source: RealVisions Marketing Report a problem
2/22/2017	Listed for rent	$925
Source: RealVisions Marketing Report a problem