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Four-Unit Quadplex Under Renovation
For Sale
$210,000

68 Watervliet Avenue, Albany, NY 12206

Mid-renovation multifamily property with electrical panels, wiring, and water heaters already installed.

Property Size2,496 SF
Price / SF$84.13
Days on Market19

Property Features for 68 Watervliet Avenue

General Information

Standard status Active
Size 2,496 SF
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,095

Building Details

Year Built 1940
Listing Agency: KW Platform
Listed By: Luke Khachadourian · License #10301219050
Source: Capmarkrealty
Added: Aug 13 Changed: Aug 30 Last Checked: Aug 30 at 1:40PM

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 1940-built quadplex contains four units within 2,496 square feet. The property is partway through renovation, with demolition and framing work completed in portions of the building. New electrical panels, wiring, and water heaters are already in place, leaving the remaining work to be completed by the purchaser. The unit layouts provide a defined framework for finishing the project, and the property is offered as-is.

The address is near downtown Albany, major roads, public transportation, restaurants, and local shops. These surrounding conveniences provide established neighborhood context for the four-unit multifamily asset.

Key Highlights

  • Four‑unit quadplex built in 1940
  • 2,496 SF multifamily property
  • Mid‑renovation condition with demolition and framing work completed

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Storage Facility Spa & Massage Center Furniture & Home Goods Nail Salon Cafe & Coffee Shop

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

1,075
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Mid-renovation multifamily property with electrical panels, wiring, and water heaters already installed.
Where is this quadplex located?
The property is located at 68 Watervliet Avenue 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 quadplex built in 1940; 2,496 SF multifamily property; Mid‑renovation condition with demolition and framing work completed
More about this property
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