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    21-23 Watervliet Avenue Ext Albany, NY 12206

    New
    For Sale
    $615,000

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    3,463 SF
    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 21-23 Watervliet Avenue Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 10, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 6, Bedroom 8, Bedroom 5, Bathroom 9
    Bedrooms
    8
    Bathrooms
    10
    APN
    010100 65-3-40
    Basement
    Apartment
    Size
    3,463 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1911
    Number of units
    10
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Armida Rose Brokerage LLC (518) 857-3907 [email protected]

    Listing agent Dawn L Morrison (518) 461-2424 License #10401327881

    Listing date Dec 5, 2025

    MLS# 202530324 Listing URL

    Copyright © 2025 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

    Albany Multifamily Investment Opportunity

    This ten-unit multifamily property in Albany, New York, presents an investment opportunity with a history of consistent cash performance. The building comprises eight one-bedroom apartments and two studio apartments. Tenants are responsible for covering the costs of heat, hot water, electricity, and internet. The solid brick building features hardwood floors in all units, and the exterior has been recently painted. The property is situated close to downtown shopping, entertainment venues, and major highways. It is also located on the bus line, with the Honest Weight Coop within two blocks. The property size is 3,463 square feet and the lot size is 0.14 acres.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.782662
    Latitude
    42.675654

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit building near downtown Albany with steady cash flow.
    Where is this apartment building located?
    The property is located at 21-23 Watervliet Avenue Ext Albany, NY.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: - Steady cash-performing 10-unit building, ideal for investors.; - Tenants pay for heat, hot water, electricity, and internet.; - Solid brick construction with recently painted exterior.
    (518) 461-2424
    Request Owner's contact information
    21-23 Watervliet Avenue Ext Albany, NY 12206
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    Albany, NY 12206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21-23 Watervliet Avenue Ext Albany, NY 12206
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