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KL Real Estate Services LLC
27 N Lake Avenue, Albany, NY 12203
- $321,000
- 6
- BD
- 2
- BA
- 2,364
- SqFt
- Sold Price
- $321,000
- List Price
- $325,000
- Closing Date
- Jul 28, 2026
- MLS#
- 202530845
- Style
- Traditional
- Bedrooms
- 6
- Bathrooms
- 2
- Subdivision
- Select One
Property Description
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 highly 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.
Additional Information
- Taxes
- $4,909
- Acres
- 0.07
- Lot Description
- Road Frontage
- School District
- Albany
- Interior Features
- Other
- Heating
- Forced Air
- Cooling
- Window Unit(s)
- Exterior Features
- None
- Construction
- Aluminum Siding
- Roof
- Rubber
- Sewer
- Public Sewer
- Water
- Public
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Listing courtesy of listing agent Ryan Gallup with Gallup Property Group LLC Brokerage, 518-618-5736.
Selling Office: Dimension Realty Solution LLC.©2019 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. Data last updated