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    302-304 Quail St Albany, NY 12208

    For Sale
    $925,000

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    6,108 SF
    Lot size:
    0.14 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 302-304 Quail St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 5, Bathroom 1, Bathroom 6, Bedroom 11, Bedroom 9, Bathroom 2, Bedroom 3, Bedroom 10, Bathroom 8, Bathroom 7, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 1, Bedroom 12, Bedroom 4, Bathroom 4, Bedroom 2
    Bedrooms
    12
    Bathrooms
    8
    APN
    010100 65.77-2-69
    Parking
    4
    Parking features
    Driveway
    Basement
    Full
    Size
    6,108 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1919
    Number of units
    8
    Flooring type
    Hardwood, Wood
    Building materials
    Stucco
    Architectural style
    Other

    Coldwell Banker Prime Properties (518) 640-4017 [email protected]

    Listing agent Brian J Ward (518) 229-7355 License #30WA0495870

    Listing date Oct 14, 2025

    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 8-unit multi-family property presents an investment opportunity in Albany's Pine Hills neighborhood. The property has a strong rental history with updated, well-maintained apartments. On-site laundry facilities enhance tenant appeal. The location is near downtown, Albany Med, Lark Street, universities, and major employers. The area experiences high demand, solid rental income potential, and low vacancy rates. Recent updates include new gutters (2025), a brand-new garage roof (2025), and a restored main roof (2024). One of the units was renovated and features its own private exterior entrance, three windows, a closet, and an exterior door. The property is fully occupied and generates a net operating income of $78,978 at an 8.54% capitalization rate. The property size is 6108 square feet and the lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.781645
    Latitude
    42.657324

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Albany's Pine Hills neighborhood.
    Where is this apartment building located?
    The property is located at 302-304 Quail St Albany, NY.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $78,978 and an 8.54% Cap Rate indicates a strong return on investment.; - Prime location in Albany's desirable Pine Hills neighborhood, close to downtown, Albany Med, Lark Street, universities, and major employers.; - Fully occupied with a strong rental history and low vacancy rates, demonstrating consistent income potential.
    (518) 229-7355
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    302-304 Quail St Albany, NY 12208
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    Albany, NY 12208
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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
    302-304 Quail St Albany, NY 12208
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