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7-Unit Apartment Building
For Sale
$319,000

449 STATE Street, Albany, NY 12203

The property includes six studio apartments and a garden/basement unit within a multi-unit residential layout.

Property SizeContact for details
Days on Market230

Property Features for 449 STATE Street

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 6 x studio, 1 x Garden/Bsmt unit
Multifamily Units 7

Amenities

large back yard
Window Unit(s)
Forced Air
Natural Gas

Building Details

Year Built 1879
Buildings 1
Tenancy Multi
Listing Agency: KW Platform
Listed By: Christopher Broughton · License #10301214215
Source: Kw
Added: Jan 14 Changed: Aug 30 Last Checked: Sep 1 at 12:25AM

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 KW Platform

Investment Insights

Based on property information with market context.

This 7-unit apartment building at 449 State Street includes six studio apartments along with a garden/basement unit. The lower-level unit could be updated to a two-bedroom configuration and has access to a large backyard. The property was built in 1879 and overlooks Washington Park.

Building systems include window unit air conditioning, forced-air heat, and natural gas service. The property is located in Albany, NY 12203 and offers a combination of studio accommodations, additional lower-level space, and outdoor access within the existing residential layout.

Key Highlights

  • 7‑unit apartment building built in 1879
  • Six studio apartments plus a garden/basement unit
  • Garden/basement unit has access to a large backyard

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic Building Supply Electrical Service HVAC Service Furniture & Home Goods (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

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,193
Businesses Nearby

Demographics for 12203, NY

28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property includes six studio apartments and a garden/basement unit within a multi-unit residential layout.
Where is this apartment building located?
The property is located at 449 STATE Street Albany, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 7‑unit apartment building built in 1879; Six studio apartments plus a garden/basement unit; Garden/basement unit has access to a large backyard
More about this property
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