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102 S Lake Avenue Albany, NY $ 1,990,000
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$ 1,990,000 Get more info
102 S Lake Avenue
$ 1,990,000
Back to search
Share Save

102 S Lake Avenue

Albany, NY, 12208
$ 1,990,000
Bedrooms21 Baths18.0 Sq 10,263

Monthly Estimate*

$ 12,415

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Multi-Family Home for sale in Albany, NY

for $1,990,000 with 21 bedrooms and 18 full baths. This 10,263 square foot home was built in 1900 on a lot size of 0.21.

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.

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Multi-Family Active

Price

$ 1,990,000

Bedrooms

21

Full Bath

18

Property Type

Multi-Family

Taxes

$ 20,972

Style

Apartment 4 Plus Unit

Lot Size

0.21

Year Built

1900

Town/City

Albany

County/Region

Albany

MLS | Web ID

202526005
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession At Closing
Roof Slate Rubber
Zoning Multi Residence
Garage Spaces 3.0
Architectural Style Apartment 4 Plus Unit
Construction Materials Vinyl Siding
Year Built 1900
Property Subtype Multi Family
County Albany
New Construction N
Property Type MultiFamily
HOA N
Full Baths 18
Status Active
Directions S Lake Ave between Washington Ave and Morris St
High School Albany
City Albany
High School District Albany
Number Of Units Total 18
Lot Size Units Acres
Lot Size Square Feet 9147.6
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 20972.55
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 0
Tax Lot 14.000
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Interior
Basement Finished
Basement (Y/N) N
Heating Y/N Y
Above Grade Finished Area 10263.0
Half Baths 0
Total Bedrooms 21
Below Grade Finished Area 4672.0
Below Grade Finished Area Source Public Records
Above Grade Finished Area Source Public Records
Total Baths 18
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Exterior
Exterior Amenities Other
Water Source Public
Total Parking 9.0
Lot Size Area 0.21
Spa N
Lot Size Acres 0.21
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 102
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* Excluded Features
List By
Rudy Lynch

Listing Agent

Carrow Real Estate Services Llc

Broker

(518) 337-3705

Phone

rudy@carrowrealestate.com

Email

Affordability Calculator

$14,163
Per Month
88%
12%
0%
Monthly Principal & Interest
$12,415
Monthly Property Taxes
$1,748
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
853463 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2025$1,990,000 Listed Price

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102 S Lake Avenue, Albany, NY, 12208 is a Multi-Family Home for sale at $1,990,000 with 10,263 sqft and a lot size of 0.21. 102 S Lake Avenue has 21 bedrooms, 18.0 baths, and was built in 1900. The property's zip code is 12208 which is in Albany, NY

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