102 S Lake Ave | Image 1
102 S Lake Ave | Image 2
102 S Lake Ave | Image 3
102 S Lake Ave | Image 4
102 S Lake Ave | Image 5
102 S Lake Ave | Image 6
102 S Lake Ave | Image 7

$1,990,000

Pending

6 months ago

MLS® 202526005

21 Bed

18 Bath

10263 sqft

9 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 10263 sqft
Garage Yes
Taxes $20,973
Lot Size 0.21 acres
Approx. Age 1900
Avg. Price Per Sqft $193
MLS® Number 202526005

Property Address: 102 S Lake Ave, Albany, NY, 12208-3134

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 18-Unit Portfolio - $1, 990, 000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10, 263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.
MLS® Number202526005
Laundry Level
Central VacNo
FireplaceNo
Acreage0.21
Exterior
GarageYes
Approx. Age1900
BasementFinished
Driveway
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 17, 2025List Date
$1,990,000List Price
  • Commute

Commute

Starting Address
Destination Address
102 S Lake Ave, Albany, NY

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