StarSchmaler
(413) 281-3988 Cell

274 Morton Avenue, Albany, NY 12209

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$439,000 Active
9 Beds 3 Baths 0 Partial Bath 3,699 Sq Ft 0.05 Acres
Days on Site 3 Year Built 1925 School Albany MLS #202629205
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Property Description

PRICE IMPROVEMENT! Strong-performing 3-family in Albany - pro-forma cap rate of 9.5%+ at the new price. First and third floor units are rented at $1,500/month each ($36,000/year in place). The second-floor unit is delivered VACANT - perfect for an owner-occupant to live in while the other two units cover the mortgage, or lease it at market rent ($1,600-$1,700/month) to maximize income. Total pro-forma gross income of approx. $55,000+/year against total annual expenses of only approx. $13,306. Nine bedrooms total across 3,699 sq ft, three full baths, spacious layouts in every unit. All three units have been renovated within the past 2-3 years - just collect the rent. Great location - directly across from the park and just minutes from Albany Medical Center, Turnkey investment or owner-occupant opportunity - bring your buyers!

274 Morton Avenue | MLS# 202629205

This multi-family property located at 274 Morton Avenue, Albany, NY 12209 is currently listed for sale with an asking price of $439,000. Morton Avenue is located within the Albany school district. Search Albany real estate on star-schmaler.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Fenced: Yes
Heating: Forced Air, Natural Gas
Home Style: Traditional
Lot Size: 0.05 Acres
Roof Type: Flat, Rubber
Taxes: $8,504
Year Built: 1925

Feature Descriptions

Days on Site: 3
Exterior: Aluminum Siding
Exterior: None, Garden
Fencing: Back Yard, Fenced
Flooring: Hardwood, Laminate
Parcel #: 010100 76.47-2-9
Sewer: Public Sewer
SQFT Above Grade Finished: 3699
Water: Public

Local Schools

High School: Albany
School District: Albany
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274 Morton Avenue, Albany, NY 12209

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Estimated Payment

$ 1,813.73 per month $977.02 Principal & Interest $708.67 Property Tax $128.04 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Gilcrest Properties
Agency Phone: 1 518-610-8121

Shown By

Agent Name: Star Schmaler
Agent Phone: (413) 281-3988 Cell
Agency Title: Coldwell Banker Prime Properties

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178 Glen St.
Glens Falls, NY 12801
(413) 281-3988 Cell
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/01/2026. The listing information on this page last changed on 11/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 11/01/2026 12:00:00 AM EST) or Global MLS (last updated Sat 10/31/2026 8:17:34 AM EST) or New York State Alliance MLS (last updated Sat 10/31/2026 11:55:04 PM EST) or Hudson Valley Catskill Region MLS (last updated Sat 10/31/2026 11:51:15 PM EST) or Berkshire MLS (last updated Sat 10/31/2026 8:13:17 PM EST) or OneKey MLS (last updated Sat 10/31/2026 11:53:23 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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