Search
Four-Unit Multifamily Property
For Sale
$210,000

68 Watervliet Ave, Albany, NY 12206

Mid-renovation building with updated electrical infrastructure and water heaters already installed.

Property Size2,496 SF
Price / SF$84.13
Days on Market90

Property Features for 68 Watervliet Ave

General Information

Standard status Active
Size 2,496 SF
Property subtype Residential Income

Additional Details

Public Transit Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,095
Listing Agency: KW Platform
Listed By: Luke Khachadourian · License #10301219050
Source: Exprealty
Added: May 19 Changed: Aug 13 Last Checked: Aug 15 at 10:07AM

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 2,496 SF quadplex contains four residential units and is being offered in its current mid-renovation condition. Existing work includes demolition, framing, new electrical panels, completed wiring, and newly installed water heaters. The property is sold as-is, allowing the next owner to complete the remaining improvements according to their plans.

Located in Albany near downtown, major roads, public transportation, restaurants, and local shops, the building offers access to a range of nearby services and transportation options. The four-unit configuration provides a clearly defined multifamily layout, while the existing renovation work establishes a foundation for continued project completion.

Key Highlights

  • Four‑unit multifamily property
  • 2,496 SF building with four residential units
  • Mid‑renovation condition with demolition and framing work underway

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Furniture & Home Goods Restaurant

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Mid-renovation building with updated electrical infrastructure and water heaters already installed.
Where is this quadplex located?
The property is located at 68 Watervliet Ave Albany, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 2,496 SF building with four residential units; Mid‑renovation condition with demolition and framing work underway
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message