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Albany Multifamily Investment Opportunity

318 1st Street Albany, NY 12206

318 1st Street, Albany, NY, 12206
$230,000
For Sale
$230,000

MULTI_FAMILY - Albany, NY

Property Size2,100 SF
Lot Size0.05 Acres
Price / SF$109.52
Days on Market50

Property Features for 318 1st Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Basement
Apartment
Standard status
Active
APN
010100 65.64-1-10
Size
2,100 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
3401

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Wall Unit(s)
Water source
Public

Building Details

Year built
1920
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Brick, Wood Siding
Roof type
Rubber
Listing Agency Tailored Real Estate Group
2452 Route 9 Suite 306, Malta, NY
Listed by Karen Heath · License #10301222604
Added: May 28 Checked: Jul 16 at 8:06 pm
MLS# 202618219 Listing URL

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 multifamily property in Albany, New York, presents an investment opportunity. The property includes a basement apartment with one bedroom and one bathroom. Additionally, there is a two-story apartment featuring one bedroom on the first floor and three bedrooms upstairs, along with two bathrooms. The building has separate utilities for each unit. The property has a lot size of 0.05 acres and a total area of 2,100 square feet.

Key Highlights

  • Multi‑unit layout with basement 1‑bedroom, 1‑bath unit plus Apt 2: 1 bedroom on the 1st floor and 3 bedrooms upstairs with 2 bathrooms
  • Separate utilities for the units
  • Built in 1920 with brick and wood siding construction materials

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Acupuncture Carpet & Flooring Store Skin Care Clinic Catering Service Pet Store (Bike/Boat/Book/etc) Store HVAC Service Pet Store & Service Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Multifamily property in Albany with income potential.
Where is this duplex located?
The property is located at 318 1st Street Albany, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Multi‑unit layout with basement 1‑bedroom, 1‑bath unit plus Apt 2: 1 bedroom on the 1st floor and 3 bedrooms upstairs with 2 bathrooms; Separate utilities for the units; Built in 1920 with brick and wood siding construction materials
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