Mixed-Use Property With
For Sale
$2,149,000
261-263 Central Ave, Albany, NY 12206
MULTI_FAMILY - Albany, NY
Property SizeContact for details
Days on Market41
Property Features for 261-263 Central Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
West Hill
Directions
Central back to Sherman
Standard status
Active
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 630-0360
Added: Jul 21
Changed: Aug 11
Last Checked: Aug 30 at 7:06PM
MLS# 11896437
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 261-263 Central Ave in Albany, this mixed-use property includes 13 apartments, 2 commercial spaces, and a large garage. The building brings residential and commercial components together within one property, with the commercial areas supporting a varied occupancy profile.
The offering is positioned on Central Ave and Sherman in Albany, providing a recognizable urban address within the city. All components are fully leased, including the apartments and commercial spaces.
The offering is positioned on Central Ave and Sherman in Albany, providing a recognizable urban address within the city. All components are fully leased, including the apartments and commercial spaces.
Key Highlights
- 13 apartments included
- 2 commercial spaces within the property
- Large garage included
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combines residential units, commercial space, and a large garage.
Where is this mixed-use property located?
The property is located at 261-263 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: 13 apartments included; 2 commercial spaces within the property; Large garage included
