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4-Unit Apartment Building with Garages

227 Delaware Avenue, Albany, NY 12209

For Sale
$375,000

Three two-bedroom homes and one one-bedroom home are complemented by shared basement laundry and four garages.

Property Size4,848 SF
Price / SF$77.35
Days on Market9

Property Features for 227 Delaware Avenue

General Information

Standard status Active
Size 4,848 SF
Total Parking Spaces 5
Property subtype Multi Family Home

Site & Location

Road Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,512

Amenities

shared laundry

Building Details

Building Size 4,848 SF
Year Built 1930
Listing Agency: Monticello
Listed By: Nirisa Adams · License NY #10401288058
Source: Krutz-properties
Added: Nov 5 Changed: Nov 13 Last Checked: Nov 13 at 8:11PM

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 Monticello

Rey
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Investment Insights

Based on property information with market context.

This 4,848-square-foot apartment property contains four units: three with two bedrooms and one bathroom, plus a one-bedroom, one-bathroom apartment. Vinyl replacement windows are installed throughout, and four garages are available for tenant use. Shared coin-operated laundry is located in the basement.

The first-floor rear apartment is vacant and has received interior updates, including a replacement kitchen floor, refrigerator, bathroom vanity, toilet, and blinds. It also features an enclosed porch. The property was built in 1930 and is located on Delaware Avenue in Albany, with CDTA bus service along the avenue and access to nearby restaurants, shopping, services, downtown, and major employment centers.

Key Highlights

  • Four apartments: three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • 4,848 square feet; built in 1930
  • Four garages available for tenant use

Property Analytics

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Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,140
Businesses Nearby

Demographics for 12209, NY

10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
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Market

Average Price Trend$/SF for Quadplexes in Albany, NY

$145 Jul
$142 Aug
$149 Sep
$145 Oct

Properties on Market for Quadplexes in Albany

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Three two-bedroom homes and one one-bedroom home are complemented by shared basement laundry and four garages.
Where is this quadplex located?
The property is located at 227 Delaware Avenue Albany, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 4,848 square feet; built in 1930; Four garages available for tenant use
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