$345,000 Price Analysis    ♡   Albany, NY 12208 6 bed 4 bath 4,587 SqFt ($75/SqFt) 2,614SqFt lot. Built 1900 Listed 2024-04-04 | Ⓧ USDA Ineligible due to location near Albany |
Great chance to acquire a brick 4-unit multifmily in Albany's coveted Pine Hills neighborhood.
Symmetrical floor plans feature 1BD/1BA units upfront and 2BD/1BA units at the rear. Rents below market value offer substantial upside potential.
With a potential 9.27% cap rate, it's a rare find in today's market. Only showing the first floor units as model units, any offers c an be written contingent on seeing the whole building.
Presented by Samantha Curry at
New Scotland Realty.
Property MLS #202414604 from GlobalMLS
Bedrooms: 6
Total Bathrooms: 4
Full Bathrooms: 4
Full Bathrooms: 4
Basement Features: Full
Heating Features: Radiant
Heating: Yes
Heating: Yes
Patio And Porch Features: Porch
Lot Size Acres: 0.06
Lot Size Square Feet: 2614
Lot Size Square Feet: 2614
Parking Total: 1
High School: Albany
High School District: Albany
High School District: Albany
New Scotland Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions
Map directionsAlbany High School is a public high school located approximately 0.7 miles away.
Map directions
Map directionsWilliam S Hackett Middle School is a public middle school located approximately 0.8 miles away.
Map directions
Map directionsMaimonides Hebrew Day School is a private elementary, middle and high school located approximately 0.4 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 7700.409999999
Source Listing Status: Active
County: Albany
Directions: Head south on I-787 S and take exit 2 for Madison Ave/US-20. Keep left at the fork, merging onto Madison Ave. Drive straight for about 1.5 miles, then turn right onto Ontario St. After 0.2 miles, turn left onto New Scotland Ave. Continue for 0.4 miles, then turn right onto Quail St. Drive for about 0.3 miles, and 318 Quail St, Albany, NY 12208, will be on your right.
Source Property Type: MultiFamily
Parcel Number: 010100 65.77-3-4
Postal City: Albany
Zoning: Multi Residence
Property Subtype: Quadruplex
Source System Name: C2C
Source Listing Status: Active
County: Albany
Directions: Head south on I-787 S and take exit 2 for Madison Ave/US-20. Keep left at the fork, merging onto Madison Ave. Drive straight for about 1.5 miles, then turn right onto Ontario St. After 0.2 miles, turn left onto New Scotland Ave. Continue for 0.4 miles, then turn right onto Quail St. Drive for about 0.3 miles, and 318 Quail St, Albany, NY 12208, will be on your right.
Source Property Type: MultiFamily
Parcel Number: 010100 65.77-3-4
Postal City: Albany
Zoning: Multi Residence
Property Subtype: Quadruplex
Source System Name: C2C
Price Changed 2024-05-24
$345,000
GlobalMLS
Price Changed 2024-04-25
$355,000
GlobalMLS
Listed 2024-04-04
$365,000
GlobalMLS
$345,000
GlobalMLS
Price Changed 2024-04-25
$355,000
GlobalMLS
Listed 2024-04-04
$365,000
GlobalMLS
Total Square Feet Living: 4587
Year Built: 1900
Above Grade Finished Area: 4587
Construction Materials: Brick
Property Age: 124
Architectural Style: Traditional
Year Built: 1900
Above Grade Finished Area: 4587
Construction Materials: Brick
Property Age: 124
Architectural Style: Traditional
Sewer: Public Sewer
Water Source: Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.