101 3rd Avenue Albany, NY 12202
4 bed / 3 bath / 1,750 Sq. Ft. / 2,614 Sq. Ft., 0.06 acres lot size / Duplex
Status: Sold
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Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit. The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential. Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth. Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal. ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request. 98 Third Ave is a vacant lot for sale for $600 through The Albany Land Bank. If the new buyer wanted to buy it to offer parking for the building, after attorney fees it would be approx $2,000.
property details
Type
Duplex
Status
Closed
County
Albany
Year Built
1910
Sq. Ft.
1,750
Lot Size
2,614 Sq. Ft., 0.1 acres
Listing Id
202610761
Courtesy Of
Leon Levy - Berkshire Hathaway Home Services Blake +1 518 727 7493
List Office Phone
+1 (518) 935-2555
Interior Features
Beds
4
Full Baths
3
Living Area Units
Sq. Ft.
Flooring
Carpet
Wood
Wood
Bathrooms Total
3
Exterior Features
Parking
No Garage
Utility & Building Info
Below Grade Finished Area
875
Price Per Sq Meter
$0
Heating
Gas Heat
Forced Air
Forced Air
Building Area Total
1,750 Sq. Ft.
Architectural Style
Traditional
Price History
| date | event | price | source |
|---|---|---|---|
|
04/01/2026
04/01/2026
|
Sold |
$180,000
|
Global MLS NY |
|
02/13/2026
02/13/2026
|
Pending |
$189,900
|
Global MLS NY |
|
01/17/2026
01/17/2026
|
Active |
$189,900
|
Global MLS NY |
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Market Trends
Source: Constellation1
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