570 Western Ave, Albany, NY 12203
This exceptional investment opportunity presents a 25-unit multifamily property ideally situated on Western Avenue in Albany, New York. The building enjoys a prime location near the intersection of Madison Avenue and Manning Boulevard, offering convenient access to public transportation, numerous shops, restaurants, and shopping centers. The property boasts a strong rental history, demonstrating consistent occupancy and income generation. The unit mix comprises a combination of one-bedroom and studio apartments, catering to a diverse range of tenants. A significant advantage for investors is that the landlord is responsible for covering all utility costs. This property is situated in Albany County, New York, with a zip code of 12203, and is conveniently located on a bus line. The asking price for this multifamily investment is $2,379,000. The property is classified as both multifamily and commercial, and while the listing indicates zero units, the marketing description clarifies that it contains 25 units. This discrepancy should be clarified during due diligence. This is a rare opportunity to acquire a well-established, income-producing multifamily asset in a highly desirable Albany location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.