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11-Unit Multifamily Portfolio
For Sale
$839,000

44 Park Avenue, Albany, NY 12202

Four-building residential portfolio with established apartment layouts and traditional building materials.

Property Size10,466 SF
Price / SF$80.16
Days on Market3427

Property Features for 44 Park Avenue

General Information

Standard status Active
Size 10,466 SF
Property subtype MULTI-FAMILY / 3 Family +

Additional Details

Asking Price $893,700
Multifamily Units 11

Taxes and HOA fees

Annual Taxes $17,487

Amenities

Vinyl, Wood Floor
Natural Gas
Radiator, Baseboard
11
Rubber
Hatch
Full
Brick, Vinyl, Wood

Building Details

Year Built 1870
Buildings 4
Listing Agency: Berkshire Hathaway Blake
Listed By: Melissa Hems · License #10401215159
Source: Compass
Added: Apr 14, 2017 Changed: Aug 30 Last Checked: Aug 30 at 11:17PM

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 Berkshire Hathaway Blake

Investment Insights

Based on property information with market context.

This multifamily portfolio includes four buildings totaling 11 units and approximately 10,466 square feet. The properties date to 1870 and feature brick, vinyl, and wood exteriors, along with rubber roofing. Interior finishes include vinyl and wood flooring, while building systems include natural gas, radiator, and baseboard heat.

The portfolio includes 44 Park Avenue, 166 Second Street, 261 Livingston Avenue, and 219 North Allen Street in Albany. The documented unit counts include three units at 44 Park Avenue, three units at 166 Second Street, and two units at 261 Livingston Avenue.

Key Highlights

  • Four‑building multifamily portfolio with 11 total units
  • 10,466 square feet across the portfolio
  • Properties located at four Albany addresses

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Skin Care Clinic Carpet & Flooring Store Butcher Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) 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.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

3,231
Businesses Nearby

Demographics for 12202, NY

10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value

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?
Multifamily property - Four-building residential portfolio with established apartment layouts and traditional building materials.
Where is this multifamily property located?
The property is located at 44 Park Avenue Albany, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Four‑building multifamily portfolio with 11 total units; 10,466 square feet across the portfolio; Properties located at four Albany addresses
More about this property
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