4-Unit Residential
For Sale
$435,000
Pending
677 Washington Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size2,664 SF
Lot Size0.10 Acres
Days on Market75
Property Features for 677 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking
2
Parking features
Garage, Off Street
Patio and Porch features
Porch
Interior features
Ceramic Tile Bath
Basement
Full
Lot features
Road Frontage, Cleared, Corner Lot
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Ave across from Albany High School
Standard status
Pending
APN
010100 65.45-3-44
Size
2,664 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7457
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
4
Flooring type
Wood, Vinyl
Building materials
Wood Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
Falvey Real Estate Group Ltd
(518) 452-3912
Listed By:
James W Rosenberger · License #40RO1132254
(518) 542-1430
Added: Aug 17
Changed: Oct 27
Last Checked: Oct 30 at 1:06PM
MLS# 202624204
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.
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Investment Insights
Based on property information with market context.
This Albany quadplex contains four residential units within 2,664 square feet on a 0.1-acre lot. Built in 1900, the building has a slate roof, wood siding, and a porch. Each apartment has hardwood flooring and an updated bathroom, while separate boilers, hot water tanks, and electrical boxes serve the units.
The property is in uptown Albany near a college and hospitals. A garage is included and is being sold as-is. Peeling exterior paint prevents the property from passing an FHA or VA appraisal.
The property is in uptown Albany near a college and hospitals. A garage is included and is being sold as-is. Peeling exterior paint prevents the property from passing an FHA or VA appraisal.
Key Highlights
- Four residential units in 2,664 square feet
- 0.1‑acre lot; built in 1900
- Separate boilers, hot water tanks, and electrical boxes for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,338
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,760
$606.8K
Cap Rate 7%
$433,400
$433.4K
Cap Rate 9%
$337,089
$337.1K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$46.4K $17.40/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$43.3K $16.27/SF
− OpEx
−$13.0K −$4.88/SF
NOI
$30.3K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,760
Cap Rate 7%
$433,400
Cap Rate 9%
$337,089
Alternative Uses
Best Use
Multifamily LT 5
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$388.7K
$340.2K – $453.5K
NOI $27,212 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$702.8K
$615.0K – $820.0K
NOI $49,199 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
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Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate boilers, water heaters, and electrical panels serve the four apartments.
Where is this quadplex located?
The property is located at 677 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four residential units in 2,664 square feet; 0.1‑acre lot; built in 1900; Separate boilers, hot water tanks, and electrical boxes for each unit
