Multi Family Investment Properties for Sale in Albany, NY
Currently Rented
Rental Income
Listed for sale 2 days ago
$ 320,000
ROI
21.1
Cash Flow/m
121- 6 Bed
- 2 Bath
- 2496 sft
171 N Allen Street, Albany, NY, 12206
Rental Income
Listed for sale 2 days ago
$ 375,000
ROI
31.3Cash Flow/m
1199- 6 Bed
- 4 Bath
- 4048 sft
60 Clinton Avenue, Albany, NY, 12210
Fix & Flip
Rental Income
Listed for sale 2 days ago
$ 270,000
ROI
22.5Cash Flow/m
207- 5 Bed
- 3 Bath
- 1200 sft
8 Alexander Street, Albany, NY, 12202
Currently Rented
Fix & Flip
Listed for sale 5 days ago
$ 190,000
ROI
31.4Cash Flow/m
616- 4 Bed
- 2 Bath
- 1160 sft
27 McKinley Street, Albany, NY, 12206
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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