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Turnkey 4-Unit Multifamily Property
For Sale
Contact for pricing
Pending

445 State St, Albany, NY 12203

Four-unit property with updated mechanics, coin-op laundry, and a private fenced backyard accessed from lower and first floors.

Property SizeContact for details
Days on Market144

Property Features for 445 State St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Fenced Yard Yes
Multifamily Units 4

Amenities

coin-operated laundry
private fenced backyard
Listing Agency: Miuccio Group
Listed By: Robert Bradley · License #NY 10401283975
Source: Crexi
Added: Apr 11 Changed: Aug 25 Last Checked: Aug 31 at 8:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miuccio Group

Investment Insights

Based on property information with market context.

This classic 4-unit multifamily (quadplex) offers a turnkey setup with an immaculate exterior and a mix of original and updated interior details. Units feature timeless hardwood floors, tall ceilings and windows, original pocket doors, and crown moldings, complemented by carefully considered mechanical upgrades and multiple material updates throughout the garden, second, and third-floor apartments. The building includes new plumbing with new water and waste lines to each apartment, a coin-op washer/dryer, and a sub-basement for utilities, along with a private fenced backyard accessible from the basement and first floor.

Located on State St W, the property provides direct views of Washington Park.

With four distinct apartment units and recent utility and plumbing improvements, this building is positioned for investors or operators seeking a ready-to-run residential income asset.

Key Highlights

  • 4‑unit property with updated mechanics and timeless interior details including hardwood floors, tall ceilings, and original pocket doors
  • New plumbing with new water and waste lines to each apartment
  • Coin‑op washer/dryer on site for additional income

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Skin Care Clinic Building Supply Electrical Service HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store

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
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

4,193
Businesses Nearby

Demographics for 12203, NY

28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Four-unit property with updated mechanics, coin-op laundry, and a private fenced backyard accessed from lower and first floors.
Where is this quadplex located?
The property is located at 445 State St Albany, NY.
What are key features of this property?
This property features: 4‑unit property with updated mechanics and timeless interior details including hardwood floors, tall ceilings, and original pocket doors; New plumbing with new water and waste lines to each apartment; Coin‑op washer/dryer on site for additional income
More about this property
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