Mixed-Use Property with
For Sale
$2,149,000
261-263 Central Ave, Albany, NY 12206
Residential Income, Albany, NY
Property SizeContact for details
Days on Market47
Property Features for 261-263 Central Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
West Hill
Directions
Central back to Sherman
Standard status
Active
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 649-7505
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 5 at 8:06PM
MLS# 11896437
Copyright © 2026 My State MLS. 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.
Located at 261-263 Central Ave in Albany, this mixed-use property includes 13 apartments, two commercial spaces, and a large garage. The combination of residential and commercial components provides a varied property profile within one building or offering.
The property is positioned at Central Ave and Sherman in Albany and is fully leased. Its existing apartment, commercial, and garage components are established features of the offering.
The property is positioned at Central Ave and Sherman in Albany and is fully leased. Its existing apartment, commercial, and garage components are established features of the offering.
Key Highlights
- 13 apartments included in the mixed‑use offering
- Two commercial spaces provide an established business component
- Large garage included with the property
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased asset combining residential units, commercial space, and a substantial garage.
Where is this mixed-use property located?
The property is located at 261-263 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: 13 apartments included in the mixed‑use offering; Two commercial spaces provide an established business component; Large garage included with the property
