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Albany Multifamily Renovation Opportunity

68 Watervliet Avenue, Albany, NY 12206

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For Sale

Under Contract

$250,000

MULTI_FAMILY - Albany, NY

Property size:

2,496 SF

Lot size:

0.05 Acres

Price / SF:

$100/SF

HighLights

4‑unit property in Albany that is currently mid‑renovation, with demo work already completed
New electric panels and wiring have been installed, and new water heaters are already in place
Convenient 1‑bedroom layouts in each unit
Year built 1940 with vinyl siding and rubber roof
Public utilities: public water and public sewer
Hardwood flooring and electric heating

We can help!

Contact an agent

Luke Khachadourian

For Sale

Under Contract

$250,000

MULTI_FAMILY - Albany, NY

Property size:

2,496 SF

Lot size:

0.05 Acres

Price / SF:

$100/SF

Added:: May 19, 2026
Days on Market:: 49
Last Refresh:: Jul 6 at 7:06 am

Property Features for 68 Watervliet Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 4
Rooms: Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Basement: Full, Unfinished
Standard status: Active Under Contract
APN: 010100 54.77-1-9
Size: 2,496 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 6095

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Water source: Public

Building Details

Year built: 1940
Number of units: 4
Flooring type: Hardwood
Building materials: Vinyl Siding
Roof type: Rubber

We can help!

Contact an agent

Luke Khachadourian

Listing agent Luke Khachadourian License #10301219050

Listing office KW Platform 935 New Loudon Rd, Latham, NY

Listing date May 19, 2026

MLS# 202617553 Listing URL

HighLights

4‑unit property in Albany that is currently mid‑renovation, with demo work already completed
New electric panels and wiring have been installed, and new water heaters are already in place
Convenient 1‑bedroom layouts in each unit
Year built 1940 with vinyl siding and rubber roof
Public utilities: public water and public sewer
Hardwood flooring and electric heating

Overview

This four-unit multifamily property in Albany, New York, presents a value-add opportunity. The property is currently mid-renovation, with demolition work, framing, new electric panels and wiring, and new water heaters already completed. Each unit features a one-bedroom layout. The property is located near downtown Albany, major roads, public transportation, restaurants, and local shops. The property is being sold as-is and offers the potential for strong rental income or long-term equity upon completion of the renovation.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.7822
Latitude: 42.677314

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For sale
Quadplexes
NY
Albany
12206
68 Watervliet Avenue

What type of property is this?

Quadplex - Four-unit property near downtown Albany, mid-renovation, value-add potential.

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 $250,000.

What are key features of this property?

This property features: 4‑unit property in Albany that is currently mid‑renovation, with demo work already completed; New electric panels and wiring have been installed, and new water heaters are already in place; Convenient 1‑bedroom layouts in each unit

68 Watervliet Avenue, Albany, NY 12206

MULTI_FAMILY - Albany, NY

Property Features for 68 Watervliet Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

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