102 S Lake Avenue
Albany, NY 12208
21
Bed
18
Bath
10,263Sqft
0.21Acre(Lot)
Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 21Bathroom Information
Total Baths: 18 Full Baths: 18Room Information
Has Basement: Yes Basement: Finished -
Roofing Information
Slate, Rubber -
Interior Features
Roof: Slate, Rubber -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas
-
Building Information
Year Built: 1900 Construction Materials: Vinyl Siding Private Pool: No -
Exterior Features
Exterior Features: Other
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Lot Information
Main Square Feet: 0.21 Acres Lot Size Acres: 0.21 Lot Size Square Feet: 9147.6
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Listing Price Information
Listing Price: $1990000
-
Tax Information
Parcel Number: 010100 65.77-4-14 Tax Lot: 14.000 Tax Block: 4 Annual Tax: $20972.55
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Parking Information
Parking Total: 9Garage Information
Has Garage: Yes Garage Space: 3
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School Information
Elementary School:Junior High School:Senior High School: Albany -
Utility Information
Sewer Connected -
Location Information
Direction: S Lake Ave between Washington Ave and Morris St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4 New Scotland Avenue, Albany, NY, 12208 | $399,000 | 6 | 3 | 1,920 | 1,920 SqFt |
| 250 Yates Street, Albany, NY, 12208 | $289,000 | 6 | 3 | 2,640 | 2,640 SqFt |
| 811 Madison Avenue, Albany, NY, 12208 | $1,800,000 | 24 | 13 | 8,592 | 8,592 SqFt |
| 637 Myrtle Avenue, Albany, NY, 12208 | $319,000 | 6 | 2 | 2,296 | 2,296 SqFt |
| 865 Madison Avenue, Albany, NY, 12208 | $519,900 | 9 | 7 | 5,298 | 5,298 SqFt |
| 17 Lawnridge Avenue #17.., Albany, NY, 12208 | $525,000 | 3 | 2 | 2,808 | 2,808 SqFt |
| 511 Morris Street, Albany, NY, 12208 | $274,900 | 5 | 2 | 2,103 | 2,103 SqFt |
| 88 Woodlawn Avenue, Albany, NY, 12208 | $299,000 | 6 | 2 | 2,228 | 2,228 SqFt |
| 447 Ontario Street, Albany, NY, 12208 | $349,900 | 6 | 2 | 2,200 | 2,200 SqFt |
| 802 Myrtle Avenue, Albany, NY, 12208 | $375,000 | 5 | 4 | 2,460 | 2,460 SqFt |
Similar Multifamily To 102 S Lake Avenue
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ByOwner last updated this listing 06/16/2026 @ 21:39
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