New York
Albany
23 McAlpin Street

$539,000

23 McAlpin Street, Albany, NY 12209

6 beds |
4 baths |
3,225 sqft

Multi-Family Home
Built in 1980
3,920sqft lot
—— car garage
$167/sqft
Listed 6 days ago

Property Description

Prime Investment Opportunity - 4-Unit Multi-Family Building Location: Heart of Albany, NY Year Built: 1980 Property Type: 4-Family Brick Building Property Overview: Exceptional investment opportunity featuring a meticulously maintained 4-unit brick building in Albany's desirable central location. This three-story property with full unfinished basement offers outstanding income potential with fully occupied, quality tenants in place. Unit Configuration Upper 2 Floors (2 Units): Two exceptionally spacious 2-bedroom apartments Oversized living rooms perfect for entertaining Dedicated formal dining rooms Flexible floor plans with potential for easy conversion to 3-bedroom units First Floor (2 Units): Two comfortable 1-bedroom apartments Ideal for young professionals or couples Premium Features & Recent Updates Recent Renovations (Within 2 Years): All four kitchens completely updated with granite countertops Modern appliances throughout All four bathrooms beautifully renovated Character & Quality: Original hardwood floors in excellent condition throughout all units Solid brick construction ensuring durability and low maintenance Full unfinished basement providing expansion potential Investment Highlights Fully Occupied with established, reliable tenants Consistent rental income stream Secure additional storage in basement for both tenants and owner Prime Albany location with strong rental demand Well-maintained property requiring minimal immediate investment Additional Storage Basement features secure storage areas providing added value for tenants while offering convenient storage solutions for property management needs. This turnkey investment property combines historic charm with modern updates, making it an ideal addition to any real estate portfolio. Listing agent is a part owner.

Listing Status:: Active
Date Added:: August 28, 2025 at 05:00AM
Listing Office:: NAI Platform LLC : 1 518-465-1400
Listing Agent:: Imam Hussain : 518-227-0616
MLS ID:: 202524779

Basement: Unfinished
Flooring: HardwoodTile
A/C: Wall Unit(s)
Heating: BaseboardHot WaterRadiant

This listing courtesy of Imam Hussain, NAI Platform LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Albany School of Humanities

108 Whitehall Rd, Albany, NY, 12209

Grades PK-6

0.27 miles away

Stephen and Harriet Myers Middle School

100 Elbel Ct, Albany, NY, 12209

Grades 6-8

0.50 miles away

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

2.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.