1879 Central Avenue Albany, NY 12205
- Added:
- Jan 12, 2026
- Days on Market:
- 99
- Last Refresh:
- Apr 21 at 1:06 pm
Property Features for 1879 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 4
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 7, Bedroom 4, Bedroom 3, Bathroom 3
- Parking
- 15
- Basement
- Walk-Out Access
- Standard status
- Pending
- APN
- 012689 29.10-1-15
- Size
- 3,450 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7362
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Forced Air
- Water source
- Public
Building Details
- Year built
- 1956
- Number of units
- 7
- Flooring type
- Carpet, Vinyl, Linoleum
- Building materials
- Block, Vinyl Siding
Listing agent Jennifer Mentiply License #10491212080 (518) 369-4545
Listing office Renovo Real Estate 1490 Saratoga Rd Ste 5, Ballston Spa, NY (518) 288-3349
Listing date Jan 12, 2026
MLS# 202610677
Listing URL
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Property with Income Potential
Located along a high-visibility corridor in Colonie, this mixed-use property offers immediate cash flow with value-add potential. The property includes two street-level commercial spaces occupied by long-term tenants, four one-bedroom apartments, and one studio apartment. A three-bay garage and ample off-street parking are also included. The building has a history of consistent occupancy. The current rents are below market value, offering an opportunity to increase net operating income through rent optimization. The roof was replaced approximately ten years ago, and the studio apartment was recently renovated. The property also features a coin laundry with a washer and dryer on the premises. The property is situated on a 0.22-acre lot. The building size is 3,450 square feet. The total annual rents are currently $61,920, with yearly expenses around $15,000, resulting in a net operating income of approximately $46,920 and a 7.1% capitalization rate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shear Perfection
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.851305
- Latitude
- 42.734299
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Colonie with immediate cash flow and upside.
Where is this mixed-use property located?
The property is located at 1879 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Immediate cash flow available, with value‑add potential through rent optimization.; High‑visibility location in Colonie, complete with ample off‑street parking.; Mixed‑use property featuring commercial spaces, apartments, and a three‑bay garage.
