335 1st StreetAlbany, NY 12206
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Enter an interest rate to see your estimated monthly payment.Excellent Investment Opportunity - Two-Unit Property with a cap rate of 8.18% just off one unit. Don't miss this opportunity to own an income-producing two-unit property with additional upside potential! This property features a long-term tenant currently paying $1,826 per month, with a scheduled rent increase to $1,981 effective January 1, 2027. Recent improvements include a NEW ROOF, NEW SIDING, and NEW HOT WATER TANKS! The second unit is currently vacant and ready for its next owner. Whether you're looking to owner-occupy while collecting rental income from the other unit or lease the vacant apartment to maximize your investment returns, the possibilities are there. INVESTORS TAKE NOTICE! This property offers a current cap rate of 8.18%, with the potential to increase to 9.28% effective January 1, 2027, just off of the one occupied unit. Showing are restricted to M, W, F & Saturdays from 10am -7pm.
| 22 hours ago | Listing first seen on site | |
| 22 hours ago | Listing updated with changes from the MLS |
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Last checked: 2026-11-09 04:16 PM UTC
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