186 2nd Avenue, Albany, NY 12202, Albany

Prime Investment Opportunity: High-Yield Multi-Family in Albany

Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity.

The Highlights
Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly.

Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately.

Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ”refresh”—paint, minor flooring, and appliances—will easily bridge the gap to top-tier rental premiums.

Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.

Property Features
Type: Multi-Family Investment

Units: Large, versatile apartments

Status: Vacant on transfer

Location: Conveniently located near public transit, local amenities, and major commuter routes in Albany.

Investor Note: Properties with 4-bedroom subsidy potential are in extremely high demand and short supply. This is a rare chance to capture higher-than-average vouchers with a very manageable ”light lift” renovation.

Don’t miss out on this high-performing asset. —

Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo