Home For Sale near Hudson River

Financing can be conventional residential for this building (does not have to be commercial). Fantastic upside potential in this well maintained 2 family property featuring long term tenants and an on site income producing laundry operation. The lower level includes four coin operated washers and four coin operated dryers, currently offered exclusively to the owner's tenants, including his tenants from his surrounding properties. The laundry fluctuates anywhere from $250-$500 per month in additional income. The two residential units currently rent for $850 and $900 per month, providing immediate cash flow with significant room for growth. Both units are spacious, offering large bedrooms, generous closet space, hardwood flooring, and ceramic tiled bathrooms. The property is located in an area undergoing active redevelopment, with nearby lots being developed into brand new 2- & 3-unit buildings. This presents a strong opportunity to capitalize on the ongoing revitalization of the neighborhood. Fair market rents in ZIP code 12202 is $1,420 per unit, making this an excellent value add investment.

Property Details

  • Beds: 4
  • Baths: 2.0
  • Sq Feet: 1890
  • Year Built: 1890
  • Location: Hudson River
  • Acres: 0.030
  • County: Albany County
  • Heat/AC: Baseboard, Natural Gas
  • Siding: Brick, Wood Siding
  • Roof: Rubber
  • Property Taxes: $3,958
  • MLS #: 202612538

Location

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Contact Information:

Contact Agent
Listing Agent: Leon Levy, Berkshire Hathaway HomeServices Blake, REALTORS, 518-727-7493, 518-935-2555 Listing Site, Listing Status: Active
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Ad Statistics:

Lake Home For Sale in Albany, New York
Ad Number : 7329915
Viewed: 19 times
Added: Feb 27, 2026
Updated on: Mar 02, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.