272 Morton Avenue, Albany, NY 12209
MULTI_FAMILY - Albany, NY
- Added:
- Apr 28, 2026
- Days on Market:
- 45
- Last Refresh:
- Jun 11 at 7:06 am
Property Features for 272 Morton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Laundry Room, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
- Parking
- 3
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Solid Surface Counters, High Speed Internet, Ceramic Tile Bath, Crown Molding
- Basement
- Full
- Standard status
- Active
- APN
- 010100 76.47-2-10
- Size
- 3,630 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9041
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 4
- Flooring type
- Hardwood, Linoleum, Vinyl, Tile - Ceramic
- Building materials
- Aluminum Siding
- Roof type
- Asphalt
Listing agent Melissa W Woodcock License #10491205899 (518) 369-8441
Listing office Staged Nest Real Estate LLC 578 New Loudon Rd, Latham, NY (518) 369-8441
Listing date Apr 28, 2026
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.
HighLights
- 4‑unit investment property on Morton Avenue, across from Lincoln Park
- Recent upgrades include 3 high‑efficiency natural gas condensing boilers and hot water tanks
- Newer roof plus gutters and sidewalk improvements
- 3 units feature updated kitchens with granite; solid surface counters also listed
- Includes 2 coin‑operated washers and dryers for tenant convenience
- 3‑car detached garage provides added storage or potential income
Overview
The property is located at 272 Morton Avenue in Albany, NY, on a compact lot. It is situated across from Lincoln Park, providing an open outlook from the street-facing side of the building. A detached three-car garage on the property offers practical storage space and possible flexibility for income-producing use, depending on how it is operated.
For investors and owner-operators seeking a manageable small multifamily asset, the combination of maintenance attention and mechanical and interior updates can help reduce near-term capex needs. The existing unit upgrades, shared coin-operated laundry, and dedicated garage configuration make the property functionally complete for tenants from day one, while still offering room for continued stewardship over time.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $17.40 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $59.1k | $16.27 |
| − OpEx | −$17.7k | −$4.88 |
| NOI | $41.3k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.770438
- Latitude
- 42.644917
