290 Morton Avenue, Albany, NY
Offered for the first time in over 30 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.
Reviews
We worked with Garret Hebert on both the sale and purchase. He was attentive and gave great advice all along the way. Would do it the same if we had it to do again!
12/22/2025 - Wendy Rhodes
Was very impressed with Stephanie Kilmartin. Originally was planning on going with another Realtor until I met Stephanie. She listened to what we wanted, gave good advice, and worked with us. Would...
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12/05/2025 - Cathy Dabney
Stephanie made my home buying experience as simple and easy as possible, always available for help or to answer any questions I had. Could not recommend her expertise and commitment enough!
12/04/2025 - James Herrmann
Stephanie was absolutely amazing to work with. She was patient, knowledgeable, and genuinely cared about helping us find the right home. She always made time for our questions and walked us through...
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11/19/2025 - Madison Missenis
Sometimes, if you’re lucky, you end up working with someone who has passion for what they do, is highly motivated and on top of things, and has a good moral compass. That was Natalie for...
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11/03/2025 - Squidlit Ink.
I’ve been working with Deric for the past few months, and I can’t recommend him enough. What’s impressed me most is how responsive he’s been. Late-night texts, market updates, or sending over...
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10/23/2025 - Reece Dowd
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