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27 N Lake Avenue

Albany, NY 12203
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$325,000 $1,370/Mo
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Bed 6

Bed

Bath 2

Bath

SqFt2,364

Sqft

Acres0.07

Acre(Lot)

Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a proven rental history, previously generating $3,275 per month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a hig hly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students, medical professionals, state employees, and young professionals, with limited inventory of quality multifamily housing. Whether you're looking for a strong income-producing asset, a house-hack opportunity, or a long-term hold in a stable upstate New York market, 27 N Lake Ave offers immediate upside and lasting value.

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Detail Ic Property Details

Property Type : Residential Income

Price : $325,000

AD Id : 71007559

MLS Id : 202530845

Beds : 6

Lot Size : 0.07 Acre

Living Area Size : 2,364

Year Built : 1900

County : Albany

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full

  • Flooring Information

    Vinyl

  • Roofing Information

    Rubber

  • Interior Features

    Other Roof: Rubber Laundry Features: Electric Dryer Hookup, In Bathroom, Main Level, Upper Level, Washer Hookup

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1900 Construction Materials: Aluminum Siding Patio And Porch Features: Rear Porch, Enclosed Private Pool: No View: City

  • Exterior Features

    Exterior Features: None

  • Lot Information

    Main Square Feet: 0.07 Acres Lot Size Acres: 0.07 Lot Size Square Feet: 3049.2

  • Listing Price Information

    Listing Price: $325000 Original Price: $329000

  • Tax Information

    Parcel Number: 010100 65.62-2-56 Tax Lot: 56.000 Tax Block: 2 Annual Tax: $4909.99

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Albany

  • Utility Information

    Cable Available, Sewer Connected

  • Location Information

    Direction: Between Washington Ave & Western Ave in Albany. WaterSource: Public
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Nearby Home Value

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211 Quail Street, Albany, NY, 12203 $259,900 6 2 2,378 2,378 SqFt
247 Quail Street, Albany, NY, 12203 $269,900 3 3 2,208 2,208 SqFt
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52 N Allen Street, Albany, NY, 12203 $299,900 8 3 3,125 3,125 SqFt
884-886 Lancaster Street, Albany, NY, 12203 $437,000 8 2 2,940 2,940 SqFt
149 Homestead Avenue, Albany, NY, 12203 $385,000 6 2 2,668 2,668 SqFt
683 State Street, Albany, NY, 12203 $369,000 6 2 1,750 1,750 SqFt

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© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Copyright © 2026 Global Multiple Listing Service, Inc. All Rights Reserved.

ByOwner last updated this listing 06/27/2026 @ 13:44

MLS: 202530845 LISTED BY: Ryan Gallup, Gallup Property Group LLC 518-618-5736 SOURCE: Global MLS

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