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19
Bedrooms
19.0
Baths
7,924
Sqft
$278
Price/Sqft
0.26
Acres
Not Available
About this home
Welcome to an exceptional multi-unit investment property that combines historic grandeur with modern functionality. This magnificent 19-unit building spans 7,924 square feet on a generous quarter-acre lot in the prestigious Washington Park/Madison Avenue district, offering a perfect blend of classic architecture and income potential.
Step into a world where timeless elegance meets smart investment. The property showcases stunning original woodwork, graceful decorative fireplaces, and soaring ceilings that harken back to a more refined era. Bathed in natural light from oversized windows, each unit features beautiful wood floors and elegant arched doorways adorned with period hardware. Modern amenities haven't been overlooked - the building has been thoughtfully updated with new mechanical systems including boiler, water heater, and furnace. A convenient coin-operated laundry facility in the basement adds to the property's appeal for residents.
The prime location places tenants moments from Albany Medical Center, Albany Law School, and government buildings, with easy access to public transportation and downtown attractions. This well-maintained property has demonstrated consistent rental performance and maintains a strong tenant base, making it an ideal addition to any investment portfolio. The historic charm, prime location, and proven track record combine to create an outstanding opportunity in one of Albany's most sought-after neighborhoods.
