Albany Multifamily Investment
290 Morton Avenue, Albany, NY 12209
- Added:
- Apr 8, 2026
- Days on Market:
- 47
- Last Refresh:
- May 24 at 12:06 pm
Property Features for 290 Morton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 5, Bathroom 3, Dining Room, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bathroom 1
- Patio and Porch features
- Deck
- Interior features
- Solid Surface Counters, High Speed Internet, Built-in Features, Cathedral Ceiling(s), Ceramic Tile Bath, Crown Molding
- Exterior features
- Garden
- Fireplace
- 1
- Basement
- Apartment, Walk-Out Access, Finished, Full
- Standard status
- Pending
- APN
- 010100 76.47-2-3
- Size
- 4,020 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5107
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Radiant
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1921
- Number of units
- 4
- Flooring type
- Tile, Hardwood, Carpet
- Building materials
- Aluminum Siding
- Architectural style
- Other
Listing agent Kevin Clancy License #37CL1081409 (518) 461-9937
Listing office Clancy Real Estate 1 Fletcher Road, Albany, NY (518) 861-7016
Listing date Apr 8, 2026
MLS# 202614643
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.
HighLights
- Two units delivered vacant, offering immediate rental income upside.
- Prime Albany location, walking distance to parks and convenient for medical students.
- Potential for approximately $51,600 in gross annual income at full market rents.
- Well‑maintained 4‑unit property with classic character and original woodwork.
- Off‑street parking potential.
- Common coin‑operated washer and dryer for tenant convenience.
Overview
Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details. The building, situated on a 0.06-acre lot, offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany. Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential. Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income. This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location. The property has 4020 square feet of space.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.771118
- Latitude
- 42.645163
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained 4-unit property with upside potential in a prime location.
Where is this quadplex located?
The property is located at 290 Morton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two units delivered vacant, offering immediate rental income upside.; Prime Albany location, walking distance to parks and convenient for medical students.; Potential for approximately $51,600 in gross annual income at full market rents.
