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Four-Unit Quadplex Under Renovation
For Sale
$210,000
Pending

68 Watervliet Avenue, Albany, NY 12206

MultiFamily, Albany, NY

Property Size2,496 SF
Lot Size0.05 Acres
Days on Market108

Property Features for 68 Watervliet Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 2, Bathroom 3
Basement Unfinished, Full
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions Central Ave to Watervliet Ave
Standard status Pending
APN 010100 54.77-1-9
Size 2,496 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 6095

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1940
Number of units 4
Flooring type Hardwood
Building materials Vinyl Siding
Roof type Rubber
Listing Agency: KW Platform · Keller Williams Realty
Listed By: Luke Khachadourian · License #10301219050
Added: May 19 Changed: Aug 28 Last Checked: Sep 3 at 6:06AM
MLS# 202617553

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.

Investment Insights

Based on property information with market context.

This 2,496-square-foot quadplex contains four residential units and is undergoing renovation. Existing work includes demolition, framing, new electric panels, updated wiring, and replacement water heaters. Hardwood flooring, vinyl siding, electric heat, and a rubber roof are among the property’s physical features. The building dates to 1940 and sits on a 0.05-acre parcel.

Public water and public sewer serve the property. Its Albany setting places the building near downtown, major roads, public transportation, restaurants, and local shops. The property is offered as-is, with the renovation remaining to be completed.

Key Highlights

  • Four‑unit residential property with 2,496 square feet of building area
  • Mid‑renovation with demolition and framing work completed
  • New electric panels and wiring are in place

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Storage Facility Spa & Massage Center Furniture & Home Goods Nail Salon Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units are mid-renovation, with electrical systems and water heaters already installed.
Where is this quadplex located?
The property is located at 68 Watervliet Avenue Albany, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Four‑unit residential property with 2,496 square feet of building area; Mid‑renovation with demolition and framing work completed; New electric panels and wiring are in place
More about this property
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