27 N Lake Avenue, Albany, NY 12203
27 N Lake Avenue, Albany, NY 12203
27 N Lake Avenue, Albany, NY 12203
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Listed by Ryan Gallup • Gallup Property Group LLC
$325,000
Est. payment /mo
6 Beds
2 Baths
2,364 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,364 sqft

Price per Sqft $137

MLS Listing ID 202530845

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1900

Annual Tax Amount $4,909

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Duplex

Source Global MLS

Property Description

Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a proven rental history, previously generating $3,275 per month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a highly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students, medical professionals, state employees, and young professionals, with limited inventory of quality multifamily housing. Whether you're looking for a strong income-producing asset, a house-hack opportunity, or a long-term hold in a stable upstate New York market, 27 N Lake Ave offers immediate upside and lasting value.

Location

State NY

County Albany

Zoning Multi Residence

Direction Between Washington Ave & Western Ave in Albany.

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Flooring Vinyl

Fireplace No

Exterior

Exterior Feature None

Utilities Available Cable Available

Roof Type Rubber

Porch Rear Porch, Enclosed

Building

Lot Description Road Frontage

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 010100 65.62-2-56

Special Listing Condition Other

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