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Listed by Kevin Clancy • Clancy Real Estate

$ 1,199,900

Est. payment -/mo

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Pending

97-99 Homestead Albany, NY 12203

16 Beds

8 Baths

6,184 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,184 sqft

Price per Sqft $194

MLS Listing ID 202625727

Bedrooms 16

Full Baths 8

HOA Y/N No

Year Built 1940

Annual Tax Amount $12,216

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Multi Family

Source Global MLS

Property Description

Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!

Location

State NY

County Albany

Direction Washington Avenue to Homestead Avenue. Continue on Homestead Avenue; 97 and 99 Homestead Avenue will be on the left.

Interior

Interior Features Solid Surface Counters, High Speed Internet, Built-in Features, Ceramic Tile Bath

Heating Hot Water, Radiant, Radiant Floor, Natural Gas

Flooring Tile, Hardwood

Exterior

Exterior Feature Other

Parking Features Paved, Detached, Driveway, Garage

Garage Spaces 6.0

Roof Type Flat,Rubber

Porch Rear Porch

Building

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Albany

Others

Tax ID 010100 64.42-2-85 01

Special Listing Condition Other

Virtual Tour https://my.matterport.com/show/?m=CMcwaqZUsRC&brand=0

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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