Pending

290 Morton Avenue

Albany, NY 12209

$369,900 $1,559/Mo

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Overview

Bed

Bath

4,020

Sqft

0.06

Acre(Lot)

Description

Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next own er immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.

Property Details

Property Type : Residential Income

Price : $369,900

AD Id : 76914359

MLS Id : 202614643

Beds : 7

Lot Size : 0.06 Acre

Living Area Size : 4,020

Year Built : 1921

County : Albany

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 5 Full Baths: 4 Half Baths: 1

Room Information

Has Basement: Yes Basement: Apartment, Finished, Full, Walk-Out Access
Flooring Information

Tile, Carpet, Hardwood
Interior Features

High Speed Internet, Built-in Features, Cathedral Ceiling(s), Crown Molding Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Hot Water, Radiant Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1921 Construction Materials: Aluminum Siding Patio And Porch Features: Deck Private Pool: No View: Downtown
Exterior Features

Exterior Features: Garden

Lot Information

Lot Dimensions: 29.3 X 88 Main Square Feet: 0.06 Acres Lot Size Acres: 0.06 Lot Size Square Feet: 2613.6 Lot Description: Landscaped, Cleared

Listing Price Information

Listing Price: $369900

Tax Information

Parcel Number: 010100 76.47-2-3 Tax Lot: 3.000 Tax Block: 2 Annual Tax: $5107.11

Parking Information

Other

School Information

Elementary School:

Junior High School:

Senior High School: Albany
Utility Information

Cable Available, Sewer Connected
Location Information

Direction: Delaware ave to Morton Ave WaterSource: Public Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
272 Morton Avenue, Albany, NY, 12209	$499,000	7	4	3,630	3,630 SqFt
178A Delaware Avenue, Albany, NY, 12209	$399,900	8	3	4,870	4,870 SqFt
404 Delaware Avenue, Albany, NY, 12209	$359,000	3	2	2,425	2,425 SqFt
446 2nd Avenue, Albany, NY, 12209	$295,000	5	3	1,697	1,697 SqFt
499 Delaware Avenue, Albany, NY, 12209	$410,000	7	4	3,368	3,368 SqFt

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ByOwner last updated this listing 06/11/2026 @ 13:56

MLS: 202614643 LISTED BY: Kevin Clancy, Clancy Real Estate 518-861-7016 SOURCE: Global MLS