17 N Lake Avenue, Albany, NY 12203, Albany

Well-maintained two-family home located directly across from the University at Albany’s Downtown Campus, with easy access to public transportation right on the bus line. Each floor features a spacious 2-bedroom, 1-bath layout with separate utilities and month-to-month leases in place. The upstairs unit currently rents for $1,296 per month (see agent remarks), while the downstairs unit rents for $1,000 per month and includes responsibilities for garbage, lawn care, and snow removal.

The upstairs apartment is heated by electric baseboards and features a brand-new oven installed in 2025. The downstairs unit has a brand-new gas forced hot air furnace installed in 2025, along with existing electric baseboard heat. The kitchen in the lower unit has also been updated with a new hood and refrigerator in 2024. Both units have access to a stackable washer and dryer located in the foyer; the washer is not currently functional due to a faulty motherboard, but the dryer is working.

Additional updates include new windows in the downstairs apartment (2023) and the roof was resealed in August 2024. All new OC permits have just been issued, making this property move-in ready and compliant. Whether you’re an investor or looking to live in one unit and rent the other, this property offers strong rental potential in a high-demand area.

Please see agent to agent on viewing of upstairs apartment or call with questions.