431 Morris Street, Albany, NY 12208

• 6 beds |
• 2 baths |
• 1,820 sqft

Property Description

Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is currently rented at $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.

Listing Status:

Active

Date Added:

March 5, 2026

Data Last Updated:

May 20, 2026 at 2:40AM

Listing Office:

Gendron's Property Management : 518-360-8492

Listing Agent:

Ellen Evans : 518-312-7116

MLS ID:

202612862

Interior

• Basement: Full
• Flooring: Vinyl
• A/C: None
• Heating: Hot Water

Exterior

• General: None
• Style: Traditional
• Parking: Parking spaces: 0

Construction

• General: Vinyl Siding

Location

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

Lot

• Zoning: 010100 65.69-3-21

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS