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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Albany, NY
Listed for sale 1 day ago
$ 299,000
ROI
21.6
Cash Flow/m
155- 3 Bed
- 2 Bath
- 1541 sft
4 Orford Street, Albany, NY, 12205
Listed for sale 1 day ago
$ 249,900
ROI
23.5Cash Flow/m
258- 6 Bed
- 2 Bath
- 1976 sft
74 Judson Street, Albany, NY, 12206
Listed for sale 2 days ago
$ 349,000
ROI
21.2Cash Flow/m
140- 5 Bed
- 3 Bath
- 1806 sft
191 N Allen Street, Albany, NY, 12206
Rental Income
Listed for sale 2 days ago
$ 249,999
ROI
31.6Cash Flow/m
823- 3 Bed
- 3 Bath
- 1368 sft
72 Bassett Street, Albany, NY, 12202
Why Invest in Albany, New York?
Multi-family properties in Albany, NY offer strong investment potential with a **7.8% cap rate** and low 4.5% vacancy rate. Steady 2.5% rent growth supports reliable cash flow in this stable market. Home values rose 4.7% recently, signaling solid appreciation. Job growth at 1.3% bolsters tenant demand from government and education sectors. Ideal for investors seeking consistent returns without high volatility.
8.5%
Avg. ROI
6.2%
Rental Yield
7.8%
Cap Rate
$28500/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.7%
1Y Appreciation
Frequently Asked Questions
Multifamily cap rates in Albany stand at 7.8% as of Q2 2024. This reflects a balanced market with steady demand. Investors benefit from low vacancy at 4.5%.
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