101 3rd Avenue, Albany, NY 12202

• 4 beds |
• 3 baths |
• 1,750 sqft

Property Description

Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit. The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential. Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth. Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal. ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request. 98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000.

Listing Status:

Pending

Date Added:

January 17, 2026

Data Last Updated:

February 14, 2026 at 7:37AM

Listing Office:

Berkshire Hathaway Home Services Blake : 518-935-2555

Listing Agent:

Leon Levy : 518-727-7493

MLS ID:

202610761

Interior

• Laundry: Washer HookupCommon AreaIn BasementElectric Dryer Hookup
• Basement: Walk-Out AccessApartmentPartialSump Pump
• Flooring: CarpetWood
• A/C: None
• Heating: Forced Air

Exterior

• General: None
• Style: Traditional
• Parking: None

Construction

• Roofing: Rubber
• General: Brick

Location

• HOA Amenities: Sewer
• Originating MLS: Global MLS
• School District: Albany
• County: Albany

Lot

• Zoning: 010100 76.64-2-67
• Fencing: FencedBack YardWood

Utilities

• Utilities: 100 Amp ServiceCircuit Breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS