Prime Investment Opportunity - 4-Unit Multi-Family Building
Location: Heart of Albany, NY
Year Built: 1980
Property Type: 4-Family Brick Building
Property Overview:
Exceptional investment opportunity featuring a meticulously maintained 4-unit brick building in Albany's desirable central location. This three-story property with full unfinished basement offers outstanding income potential with fully occupied, quality tenants in place.
Unit Configuration
Upper 2 Floors (2 Units):
Two exceptionally spacious 2-bedroom apartments
Oversized living rooms perfect for entertaining
Dedicated formal dining rooms
Flexible floor plans with potential for easy conversion to 3-bedroom units
First Floor (2 Units):
Two comfortable 1-bedroom apartments
Ideal for young professionals or couples
Premium Features & Recent Updates
Recent Renovations (Within 2 Years):
All four kitchens completely updated with granite countertops
Modern appliances throughout
All four bathrooms beautifully renovated
Character & Quality:
Original hardwood floors in excellent condition throughout all units
Solid brick construction ensuring durability and low maintenance
Full unfinished basement providing expansion potential
Investment Highlights
Fully Occupied with established, reliable tenants
Consistent rental income stream
Secure additional storage in basement for both tenants and owner
Prime Albany location with strong rental demand
Well-maintained property requiring minimal immediate investment
Additional Storage
Basement features secure storage areas providing added value for tenants while offering convenient storage solutions for property management needs.
This turnkey investment property combines historic charm with modern updates, making it an ideal addition to any real estate portfolio.
Listing agent is a part owner.
Closed
$522,000
23 McAlpin Street, Albany, NY 12209
6beds
3,225sqft
Quadruplex, Multi Family
Built in 1980
-- sqft lot
$522,100 Zestimate®
$162/sqft
$1,964 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 22, 2025 at 09:07pm
Listed by:
Imam Hussain 518-227-0616,
NAI Platform LLC
Bought with:
non-member non member
NON MLS OFFICE
Source: Global MLS,MLS#: 202524779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water, Radiant, Natural Gas
Cooling
- Wall Unit(s)
Features
- Flooring: Tile, Hardwood
- Basement: Unfinished
Interior area
- Total structure area: 3,225
- Total interior livable area: 3,225 sqft
- Finished area above ground: 3,225
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Other
Lot
- Size: 3,920 sqft
Details
- Parcel number: 75.75312.2
- Special conditions: Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional,Other
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 1980
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany