683 State Street

Albany, NY 12203

Fully renovated and presents a turnkey multifamily investment with immediate lease-up potential in one of Albany's most durable rental submarkets. RENOVATIONS & CAPEX IMPROVEMENTS: New LVP flooring throughout Fully updated bathrooms with marble-look porcelain tile & rainfall fixtures New windows and doors Updated exterior siding Recessed lighting + modern finishes Updated Electrical and Plumbing Newer roof True Turnkey Asset -- No renovation risk or CapEx pipeline 3BR Units Rare Amenity Combo: Onsite Parking + in unit laundry Delivered Vacant -- Control tenant selection + maximize rents immediately Proven Submarket -- Stable occupancy with diverse renter base Situated in Pine Hills, one of Albany's most established rental markets: Minutes to University at Albany Strong access to healthcare, education, and state employment hubs Consistent demand from students, professionals, and workforce tenants Projected CAP Rate: >10% (Pro Forma) Agent is the Owner

Listing courtesy of Pearl W Ha of ADI Real Estate Services LLC



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Last checked: 2026-04-18 01:27 AM UTC