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Four-Unit Property with Garage
For Sale
$379,900

341 New Scotland Avenue, Albany, NY 12208

Fully occupied Albany multifamily property with coin-operated laundry and separate electric panels.

Property Size4,700 SF
Price / SF$80.83
Days on Market12

Property Features for 341 New Scotland Avenue

General Information

Standard status Active
Size 4,700 SF
Total Parking Spaces 2
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $8,676

Building Details

Year Built 1930
Listing Agency: Monticello
Listed By: Nirisa Adams · License #30413
Source: Capmarkrealty
Added: Sep 16 Changed: Sep 23 Last Checked: Sep 26 at 4:29AM

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

Investment Insights

Based on property information with market context.

This 4,700-square-foot quadplex, built in 1930, contains four units with a combined five bedrooms plus a den. The property includes a two-car garage, coin-operated laundry, separate electric panels, and gas meters serving cooking gas. A boiler installed in 2021 provides a more recent heating-system improvement, while the seller supplies heat and hot water.

Located at 341 New Scotland Avenue in Albany, the property is near St. Peter's Hospital, locally owned restaurants, shops, services, parks, and everyday amenities. All four units are currently occupied, providing an established multifamily configuration in a convenient New Scotland Avenue setting.

Key Highlights

  • Four‑unit property with 4,700 square feet of total building area
  • Five bedrooms plus a den across the four units
  • Two‑car garage and coin‑operated laundry

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Daycare Center Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

744
Businesses Nearby

Demographics for 12208, NY

22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Fully occupied Albany multifamily property with coin-operated laundry and separate electric panels.
Where is this quadplex located?
The property is located at 341 New Scotland Avenue Albany, NY.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Four‑unit property with 4,700 square feet of total building area; Five bedrooms plus a den across the four units; Two‑car garage and coin‑operated laundry
More about this property
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