186 2nd Avenue, Albany, NY 12202

• 6 beds |
• 2 baths |
• 2,472 sqft

Property Description

Prime Investment Opportunity: High-Yield Multi-Family in Albany Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity. Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant. Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances. Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region. Don't miss out on this high-performing asset. --- Unit Configuration Estimated Market Rent HUD Payment Standard (2026) 3-Bedroom Unit $1,827 / mo 4-Bedroom Unit $2,013 / mo

Listing Status:

Pending

Date Added:

January 15, 2026

Data Last Updated:

May 20, 2026 at 12:40PM

Listing Office:

Weichert Realtors-Reliable Properties : 518-312-4800

Listing Agent:

Craig Cioffi : 518-396-8386

MLS ID:

202610659

Interior

• Basement: Unfinished
• A/C: None
• Heating: Radiant

Exterior

• General: None
• Style: Other

Construction

• General: BlockOtherDrywall

Location

• Originating MLS: Global MLS
• School District: Albany
• County: Albany

Lot

• Zoning: 010100 76.71-2-4

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS
• Ownership: SP RE INV