Condo Investment Properties for Sale in Albany, NY
729- 3 Bed
- 3 Bath
- 1472 sft
481- 2 Bed
- 1 Bath
- 1050 sft
388- 2 Bed
- 2 Bath
- 1641 sft
190- 2 Bed
- 1 Bath
- 1050 sft
Why Invest in Albany, New York?
Albany, NY offers strong potential for condo investors seeking stable rental income in a growing capital region. Recent data shows condo and multifamily demand rising with 16.3% more city sales year-over-year. Average rents hold steady around $1,600 monthly, supporting 6.5% yields amid low vacancy. Appreciation at 4% annually outpaces national averages, driven by government jobs. Cap rates near 7% make condos attractive for cash flow in this educational hub.
Frequently Asked Questions
Yes, condos offer solid 6-7% cap rates and steady appreciation around 4% annually. High renter occupancy from students and government workers ensures reliable cash flow. Demand exceeds supply in key neighborhoods like Pine Hills.
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