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156 S Swan Street
Albany, NY 12210
$649,900
7 Beds
7 Full
Bath
3762 sq ft
29 Days on Market
Excellent opportunity for an investor seeking a turnkey multi-family asset with immediate cash flow and room to grow NOI. The combination of below-market rents, month-to-month flexibility, and completed capital improvements makes this a standout addition to any portfolio. Seven well-maintained residential units with a history of easy rentability. Newer mechanicals and electrical panels. Classic architectural charm: high ceilings, original wood floors, tiled bathrooms, and large windows throughout. Long-term, reliable tenants in place, with rents currently below market -- significant upside potential for a new owner. ROPs in place for all apartments. Listing agent is part owner.
| Listing Id: | 202625684 |
|---|---|
| List Price: | $649,900 |
| Property Type: | Multi-Family |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bedrooms Total: | 7 |
| Bathrooms Full: | 7 |
| Living Area: | 3,762 |
| Tax Annual Amount: | $13,563 |
| Lot Size Square Feet: | 871.2 |
| Lot Size Acres: | 0.02 |
| Architectural Style: | Apartment 4 Plus Unit |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12210 |
| Year Built: | 1885 |
| Number Of Units Total: | 7 |
| List Agent Full Name: | Patrick J McSharry |
| Cooling: | None |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Window Features: | Bay Window(s), Double Pane Windows |
| Heating?: | Yes |
| Bathrooms Total Integer: | 7 |
| Basement: | true |
| Basement: | Unfinished, Full, Interior Entry |
| State Or Province: | NY |
| Lot Features: | Level |
| Special Listing Conditions: | Standard |
| View: | Downtown, Skyline |
| Utilities: | Cable Connected |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 19' x 52' |
| Electric: | 200+ Amp Service, Circuit Breakers |
| High School: | Albany |
| Roof: | Built-Up, Rubber, Flat |
| Lot Size Area: | 0.02 |
| Parking Features: | None |
| Documents Change Timestamp: | 2026-09-09T12:49:42Z |
| Heating: | Hot Water |
| Directions: | S Swan St between Jefferson and Madison (one way from Jefferson) |
| Flooring: | Carpet, Wood, Tile |
| Listing Contract Date: | 2026-09-09 |
| Parcel Number: | 010100 76.32-4-28 01 |
| List Agent Key: | 20211012220607499962000000 |
| Construction Materials: | Brick |
| Water Sewer Expense: | $1,731 |
| Water Source: | Public |
| High School District: | Albany |
| Above Grade Finished Area: | 3,762.0 |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Insurance Expense: | $7,301 |
| Fuel Expense: | 3832.0 |
| Tenant Pays: | Gas, Internet, Cable TV, Electricity |
| Postal City: | Albany |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $649,900 |
| Possession: | At Closing, Subject To Tenant Rights |
| Below Grade Finished Area Source: | See Remarks |
| Bathrooms Total Decimal: | $7.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Financial Details General Taxes: | $4,992.00 |
| Financial Details General Taxes Description: | Actual |
| Financial Details School Taxes: | $8,571.00 |
| Financial Details School Taxes Description: | Actual |
| Bath Levels Full Bath 1: | 1st |
| Bath Levels Full Bath 2: | 1st |
| Bath Levels Full Bath 3: | 2nd |
| Bath Levels Full Bath 4: | 2nd |
| Bath Levels Full Bath 5: | 3rd |
| Bath Levels Full Bath 6: | 3rd |
| Bath Levels Full Bath 7: | 4th |
| Income And Expenses Rental Income: | $74,700.00 |
| Income And Expenses Rental Income Description: | Actual |
| Income And Expenses Total Income: | $74,700.00 |
| Income And Expenses Total Income Description: | A |
| Income And Expenses Gas Expense Description: | Actual |
| Income And Expenses Insurance Expense Description: | Actual |
| Income And Expenses Water Sewer Expense Desc: | Actual |
| Separate Utilities Number Of Separate Electric Meters: | 8 |
| Separate Utilities Number Of Separate Gas Meters: | 8 |
| Unit Information Number Of Refrigerators: | 7 |
| Unit Information Number Of Stoves: | 7 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 1F |
| Multi Family Unit 1 Detail Unit Available Mf Unit 1: | 6/1/27 |
| Multi Family Unit 1 Detail Monthly Rent Mf Unit 1: | 850 |
| Multi Family Unit 1 Detail Rent Desc Mf Unit 1: | Actual |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 3 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 2F |
| Multi Family Unit 2 Detail Monthly Rent Mf Unit 2: | 900 |
| Multi Family Unit 2 Detail Rent Desc Mf Unit 2: | Actual |
| Multi Family Unit 2 Detail Lease Term Mf Unit 2: | Month To Month |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 3 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 1 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 2R |
| Multi Family Unit 3 Detail Unit Available Mf Unit 3: | 12/1/26 |
| Multi Family Unit 3 Detail Monthly Rent Mf Unit 3: | 900 |
| Multi Family Unit 3 Detail Rent Desc Mf Unit 3: | Actual |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 3 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 1 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 3F |
| Multi Family Unit 4 Detail Monthly Rent Mf Unit 4: | 900 |
| Multi Family Unit 4 Detail Rent Desc Mf Unit 4: | Actual |
| Multi Family Unit 4 Detail Lease Term Mf Unit 4: | Month To Month |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 4 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 1 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 1 |
| Multi Family Unit 5 Detail Unit Location Mf Unit 5: | 3R |
| Multi Family Unit 5 Detail Unit Available Mf Unit 5: | 6/1/27 |
| Multi Family Unit 5 Detail Monthly Rent Mf Unit 5: | 925 |
| Multi Family Unit 5 Detail Rent Desc Mf Unit 5: | Actual |
| Multi Family Unit 5 Detail Total Rooms Mf Unit 5: | 3 |
| Multi Family Unit 5 Detail Total Bedrooms Mf Unit 5: | 1 |
| Multi Family Unit 5 Detail Total Full Baths Mf Unit 5: | 1 |
| Multi Family Unit 6 Detail Unit Location Mf Unit 6: | 4 |
| Multi Family Unit 6 Detail Monthly Rent Mf Unit 6: | 950 |
| Multi Family Unit 6 Detail Rent Desc Mf Unit 6: | Actual |
| Multi Family Unit 6 Detail Lease Term Mf Unit 6: | Month To Month |
| Multi Family Unit 6 Detail Total Rooms Mf Unit 6: | 4 |
| Multi Family Unit 6 Detail Total Bedrooms Mf Unit 6: | 1 |
| Multi Family Unit 6 Detail Total Full Baths Mf Unit 6: | 1 |
| Multi Family Unit 7 Detail Unit Location Mf Unit 7: | 1R |
| Multi Family Unit 7 Detail Monthly Rent Mf Unit 7: | 800 |
| Multi Family Unit 7 Detail Rent Desc Mf Unit 7: | Actual |
| Multi Family Unit 7 Detail Lease Term Mf Unit 7: | Month To Month |
| Multi Family Unit 7 Detail Total Rooms Mf Unit 7: | 2 |
| Multi Family Unit 7 Detail Total Bedrooms Mf Unit 7: | 1 |
| Multi Family Unit 7 Detail Total Full Baths Mf Unit 7: | 1 |
| Levels: | Quad-Level |
| Structure Type: | Townhouse |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Unit 1 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 2 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 3 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 4 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 5 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 6 Owner Furnish Features: | Heat, Snow Removal, Trash, Water, Sewer, Hot Water |
| Unit 7 Owner Furnish Features: | Snow Removal, Trash, Water, Sewer, Hot Water |
| Separate Utilities: | Electric, Gas |
| Architectural Style: | Townhouse, Apartment 4 Plus Unit |
| Unit 1 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 2 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 3 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 4 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 5 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 6 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 7 Includes: | Bathroom, Efficiency, Kitchen, Refrigerator, Stove |
| Exterior Features: | None |
Listing Courtesy of: McSharry and Associates Realty LLC
Listing Agent: Patrick J McSharry
518-330-5599
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
