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16 Beds
8 Baths
6,184 sqft

$1,199,900

97-99 Homestead, Albany NY, 12203

Price per sqft$194.03
Built in1940
Property size6,184 sqft
Property typeMulti-family

Overview

Active

Listed Sep 9, 2026

Updated 2 days ago

Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!

$7,983/mo

Est. mortgage payment based on a $1,199,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202625727

Interior Features

Bedrooms
16
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.34 Acres

Other Property Details

Taxes
$12,216
Tax Frequency
Annually
Garage
Yes

Listed by Kevin Clancy with Clancy Real Estate
Listing Contact: 518-461-9937 

The IDX display contains information sourced from Global MLS as of 9/16/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 9/16/2026 at 5:14 AM UTC

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