40-42 Ontario Street, NY 12206

$510,000
12
BD
6
BA
8,820
SqFt

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Sold Price
$510,000
List Price
$499,000
Closing Date
Mar 13, 2026
MLS#
202530337
Style
Apartment 4 Plus Unit
Bedrooms
12
Bathrooms
6
Subdivision
Select One

Property Description

Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.

Additional Information

Taxes
$11,681
Acres
0.10
School District
Albany
Heating
Electric, Forced Air, Hot Water
Exterior Features
Other
Construction
Brick
Roof
Rubber, Flat
Sewer
Public Sewer
Water
Public

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of listing agent Tina E Stehlin with Realty One Group Key Brokerage, 914-466-6962.

Selling Office: Clancy Real Estate.

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