683 State Street, Albany, NY 12203, Albany

Fully renovated and presents a turnkey multifamily investment with immediate lease-up potential in one of Albany’s most durable rental submarkets.
RENOVATIONS & CAPEX IMPROVEMENTS:
New LVP flooring throughout
Fully updated bathrooms with marble-look porcelain tile & rainfall fixtures
New windows and doors
Updated exterior siding
Recessed lighting + modern finishes
Updated Electrical and Plumbing
Newer roof
True Turnkey Asset — No renovation risk or CapEx pipeline
3BR Units
Rare Amenity Combo: Onsite Parking + in unit laundry
Delivered Vacant — Control tenant selection + maximize rents immediately
Proven Submarket — Stable occupancy with diverse renter base
Situated in Pine Hills, one of Albany’s most established rental markets:
Minutes to University at Albany
Strong access to healthcare, education, and state employment hubs
Consistent demand from students, professionals, and workforce tenants
Projected CAP Rate: >10% (Pro Forma)
Agent is the Owner