40-42 Ontario Street, Albany, NY 12206

• 12 beds |
• 6 baths |
• 8,820 sqft

Property Description

Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.

Listing Status:

Pending

Date Added:

December 3, 2025 at 06:00AM

Listing Office:

Realty One Group Key : 518-630-5360

Listing Agent:

Tina E Stehlin : 914-466-6962

MLS ID:

202530337

Interior

• Basement: Walk-Out AccessFullApartment
• Flooring: LaminateCeramic TileHardwood
• Heating: ElectricForced AirHot Water

Exterior

• General: Other
• Style: Apartment 4 Plus Unit
• Parking: None

Construction

• Roofing: RubberFlat
• General: Brick

Location

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

Lot

• Zoning: 010100 65.39-1-3
• Fencing: Back Yard

Utilities

• Utilities: 100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS

This listing courtesy of Tina E Stehlin, Realty One Group Key