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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
Rental Income
Listed for sale today
$ 250,000
ROI
23.9
Cash Flow/m
288- 3 Bed
- 3 Bath
- 1680 sft
284 Lark Street, Albany, NY, 12210
Listed for sale 2 days ago
$ 325,000
ROI
31.5Cash Flow/m
1060- 5 Bed
- 4 Bath
- 4352 sft
128 Hamilton Street, Albany, NY, 12207
Listed for sale 4 days ago
$ 250,000
ROI
20.2Cash Flow/m
32- 5 Bed
- 2 Bath
- 2124 sft
236 Quail Street, Albany, NY, 12203
Currently Rented
Rental Income
Listed for sale 5 days ago
$ 299,000
ROI
21.4Cash Flow/m
138- 6 Bed
- 4 Bath
- 2973 sft
288 Morton Avenue, Albany, NY, 12209
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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