Income-producing 6-unit brick building in the heart of Albany! Fully rented and generating nearly $6,000/month in gross income, this property offers a solid investment opportunity. Low-maintenance brick exterior, long-term tenants, and prime location close to amenities, public transportation, and downtown. Don't miss this turnkey cash-flowing gem!
*Property includes two parcels 40 & 42 Ontario Street
Active
Price cut: $25K (3/31)
$540,000
40-42 Ontario Street, Albany, NY 12206
12beds
8,820sqft
Multi Family, Apartment
Built in 1890
-- sqft lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
- 93 days
- on Zillow |
- 172 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 12:47pm
Listing by:
Coldwell Banker Prime Properties 518-439-9600,
George Mossad 917-592-7107
Source: Global MLS,MLS#: 202511090

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Electric, Forced Air, Hot Water, Natural Gas
Features
- Flooring: Vinyl, Ceramic Tile
- Basement: Full
Interior area
- Total structure area: 8,820
- Total interior livable area: 8,820 sqft
- Finished area above ground: 8,820
- Finished area below ground: 0
Property
Features
- Exterior features: Other
- Fencing: Back Yard
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: 010100 65.3913
- Zoning description: Multi Residence
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick
- Roof: Flat,Rubber
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $61/sqft
- Annual tax amount: $9,570
- Date on market: 1/23/2025
- Tenant pays: Hot Water, Heat, Electricity
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