$369,900

290 Morton Avenue, Albany, NY 12209

  • 7 beds |
  • 5 baths |
  • 4,020 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1921
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $92/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.

Listing Status:
Pending
Date Added:
April 8, 2026
Data Last Updated:
May 20, 2026 at 6:37PM
Listing Office:
Clancy Real Estate : 518-861-7016
Listing Agent:
Kevin Clancy : 518-461-9937
MLS ID:
202614643
  • General: Cathedral Ceiling(s)Ceramic Tile BathHigh Speed InternetSolid Surface CountersBuilt-in FeaturesCrown Molding
  • Laundry: Common Area
  • Basement: Walk-Out AccessFullApartmentFinishedHeated
  • Flooring: CarpetHardwoodTile
  • A/C: Window Unit(s)
  • Heating: BaseboardHot WaterRadiant
  • Fireplace: Dining RoomFireplaceFireplaces: 2
  • General: Garden
  • Style: Traditional
  • Parking: Other
  • General: Aluminum Siding
  • HOA Amenities: Sewer
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 76.47-2-3
  • View: Downtown
  • Utilities: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS
  • Ownership: Stephen Thomas Zborowski

This listing courtesy of Kevin Clancy , Clancy Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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