Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    40-42 Ontario St Albany, NY 12206

    New
    Pending
    For Sale
    $499,000

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    8,820 SF
    Lot size:
    0.10 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 40-42 Ontario St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 10, Bedroom 4, Bedroom 5, Bedroom 11, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 12, Bathroom 6, Bedroom 9
    Bedrooms
    12
    Bathrooms
    6
    APN
    010100 65.39-1-3
    Basement
    Apartment, Full, Walk-Out Access
    Size
    8,820 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Hot Water(Heating), Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    6
    Flooring type
    Tile - Ceramic, Laminate, Hardwood
    Building materials
    Brick
    Roof type
    Rubber, Flat
    Architectural style
    Other

    Realty One Group Key (518) 630-5360 [email protected]

    Listing agent Tina E Stehlin (914) 466-6962 License #10401249861

    Listing date Dec 11, 2025

    MLS# 202530337 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 6-unit multifamily property in Albany generates over $87,000 annually when fully rented. The property typically brings in over $7,000 per month in gross rents, with additional income from coin-operated laundry. Two units are delivered vacant and move-in ready; one is fully updated, and the other will be renovated before closing, offering flexibility for an owner-occupant or the opportunity to set rents. The property features a low-maintenance brick exterior and a history of being fully rented. The location is near downtown, local amenities, and major bus lines, which helps maintain high occupancy. The sale includes two separate parcels. The property size is 8,820 square feet, situated on a lot of 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.771466
    Latitude
    42.670378

    Nearby Similar for Sale

    • $290,000
      Pending

      Remodeled Two-Family Home, Albany

      Remodeled two-family home in Colonie location with modern amenities.
      14 Orford St, Albany, NY 12205
      View Details
    • $2,800,000
      10,000 SF

      Albany Mixed-Use Investment Opportunity

      Four buildings with a bar, apartments, and commercial space.
      162-168 Jeffferson St, Albany, NY 12210
      View Details
    • $324,900
      Pending

      Albany Two-Family Home with Parking

      Well-maintained two-family home near Albany Medical Center with parking.
      685 Myrtle Ave, Albany, NY 12208
      View Details
    • $1,300,000
      0.51 Acres

      Versatile Commercial Property on Central Avenue

      43,520 sq ft commercial property with diverse spaces and parking.
      233 Central Ave, Albany, NY 12206
      View Details
    • New
      $830,000
      3,438 SF

      Corner Multifamily Property Overlooking Park

      Six units across three buildings near downtown Albany.
      70 Willett St, Albany, NY 12210
      View Details
    • $369,000
      1,312 SF

      Mixed-Use Property in Colonie, NY

      Versatile mixed-use property with new roof and convenient location.
      34 Russell Rd, Colonie, NY 12205
      View Details

    FAQs

    What type of property is this?
    Apartment building - Profitable 6-unit property near downtown Albany with immediate cash flow.
    Where is this apartment building located?
    The property is located at 40-42 Ontario St Albany, NY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - High income-generating property: Over $87,000 annual income when fully rented.; - Turnkey asset with low-maintenance brick exterior and history of full occupancy.; - **Two vacant, move-in ready units**: Offering flexibility for owner-occupancy or setting new rents. One unit is updated, one to be renovated before closing.
    (914) 466-6962
    Request Owner's contact information
    40-42 Ontario St Albany, NY 12206
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40-42 Ontario St
    Albany, NY 12206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    40-42 Ontario St Albany, NY 12206
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.