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272 Morton Avenue
Albany, NY 12209
$499,000
7 Beds
4 Full
Bath
3630 sq ft
163 Days on Market
Well maintained 4-Unit Investment Property! Located on Morton Avenue, this solid 4-unit building offers a fantastic opportunity for investors seeking strong rental potential paired with valuable property upgrades. Recent improvements include 3 high-efficiency natural gas condensing boilers, 2 coin-operated washers + dryers for tenant convenience, a newer roof, gutters, sidewalk + hot water tanks. Inside the units have been updated: 3 units offer updated kitchens w/granite. The property also features a 3-car detached garage, offering additional storage or rental income potential. Across from Lincoln Park.
| Listing Id: | 202615912 |
|---|---|
| List Price: | $499,000 |
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 7 |
| Bathrooms Full: | 4 |
| Living Area: | 3,630 |
| Tax Annual Amount: | $9,041 |
| Lot Size Square Feet: | 3,920.4 |
| Lot Size Acres: | 0.09 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12209 |
| Year Built: | 1920 |
| List Agent Full Name: | Melissa W Woodcock |
| Cooling: | None |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Front Porch, Rear Porch |
| Association Fee Includes: | Sewer |
| Heating?: | Yes |
| Bathrooms Total Integer: | 4 |
| Basement: | true |
| Basement: | Full |
| State Or Province: | NY |
| Lot Features: | Level |
| Special Listing Conditions: | Standard |
| Foundation Details: | Concrete Perimeter |
| Sewer: | Public Sewer |
| Electric: | 100 Amp Service, Circuit Breakers |
| Fencing: | Wood |
| High School: | Albany |
| Laundry Features: | Common Area, In Basement, Laundry Room |
| Roof: | Asphalt |
| Lot Size Area: | 0.09 |
| Parking Features: | Detached, Garage |
| Documents Change Timestamp: | 2026-04-28T14:20:12Z |
| Heating: | Baseboard, Hot Water |
| Directions: | Delaware Avenue to Morton Avenue, near corner of Oenida and Morton, Across from Lincoln Park |
| Flooring: | Ceramic Tile, Linoleum, Hardwood, Vinyl |
| Garage Spaces: | 3.0 |
| Listing Contract Date: | 2026-04-28 |
| Parcel Number: | 010100 76.47-2-10 |
| List Agent Key: | 20211012220011992377000000 |
| Construction Materials: | Aluminum Siding |
| Parking Total: | 3 |
| Water Sewer Expense: | $1,562 |
| Water Source: | Public |
| High School District: | Albany |
| Above Grade Finished Area: | 3,630.0 |
| Insurance Expense: | $3,297 |
| Owner Pays: | Snow Removal, Trash Collection, Water |
| Fuel Expense: | 1473.0 |
| Tenant Pays: | Gas, Electricity, Heat, Hot Water |
| Postal City: | Albany |
| Other Structures: | Garage(s) |
| Electric Expense: | $1,473 |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $575,000 |
| Possession: | At Closing, Subject To Tenant Rights |
| Below Grade Finished Area Source: | CRS |
| Bathrooms Total Decimal: | $4.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Property Detail Survey Yn2: | No |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Financial Details General Taxes: | $3,903.94 |
| Financial Details General Taxes Description: | Actual |
| Financial Details School Taxes: | $5,136.85 |
| 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: | 3rd |
| Income And Expenses Rental Income: | $59,412.00 |
| Income And Expenses Rental Income Description: | Actual |
| Income And Expenses Electric Expense Description: | Estimated |
| Income And Expenses Total Income: | $59,412.00 |
| Income And Expenses Total Income Description: | Actual |
| Income And Expenses Gas Expense Description: | Estimated |
| Income And Expenses Insurance Expense Description: | Estimated |
| Income And Expenses Water Sewer Expense Desc: | Estimated |
| Income And Expenses Operating Expense2: | $16,107.35 |
| Income And Expenses Net Operating Income2: | $43,304.65 |
| Unit Information Number Of Dryers: | 2 |
| Unit Information Number Of Refrigerators: | 4 |
| Unit Information Number Of Stoves: | 4 |
| Unit Information Number Of Washers: | 2 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | Front |
| Multi Family Unit 1 Detail Occupant Type Mf Unit 1: | Tenant |
| Multi Family Unit 1 Detail Monthly Rent Mf Unit 1: | 890 |
| Multi Family Unit 1 Detail Rent Desc Mf Unit 1: | Actual |
| Multi Family Unit 1 Detail Lease Term Mf Unit 1: | 12 Months |
| 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: | Rear |
| Multi Family Unit 2 Detail Unit Available Mf Unit 2: | Leased |
| Multi Family Unit 2 Detail Occupant Type Mf Unit 2: | Tenant |
| Multi Family Unit 2 Detail Monthly Rent Mf Unit 2: | 950 |
| Multi Family Unit 2 Detail Rent Desc Mf Unit 2: | Actual |
| Multi Family Unit 2 Detail Lease Term Mf Unit 2: | 12 Months |
| 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: | 2 Floor |
| Multi Family Unit 3 Detail Occupant Type Mf Unit 3: | Tenant |
| Multi Family Unit 3 Detail Monthly Rent Mf Unit 3: | 1,600 |
| Multi Family Unit 3 Detail Rent Desc Mf Unit 3: | Actual |
| Multi Family Unit 3 Detail Lease Term Mf Unit 3: | 12 Months |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 6 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 3 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 3 Floor |
| Multi Family Unit 4 Detail Unit Available Mf Unit 4: | Leased |
| Multi Family Unit 4 Detail Occupant Type Mf Unit 4: | Tenant |
| Multi Family Unit 4 Detail Monthly Rent Mf Unit 4: | 1,000 |
| Multi Family Unit 4 Detail Rent Desc Mf Unit 4: | Actual |
| Multi Family Unit 4 Detail Lease Term Mf Unit 4: | 12 Months |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 6 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 2 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 1 |
| Unit 1 Detail Rent: | 890 |
| Unit 1 Detail Rent Description Unit 1: | Actual |
| Unit 1 Detail Lease Term Unit 1: | 12 Months |
| Unit 1 Detail Occupant Type Unit 1: | Tenant |
| Unit 1 Detail Total Bedrooms3: | 1 |
| Unit 1 Detail Bedrooms On 1st Floor: | 1 |
| Unit 1 Detail Total Full Baths3: | 1 |
| Unit 1 Detail Full Baths 1st Floor: | 1 |
| Unit 1 Detail Kitchens 1st Floor: | 1 |
| Unit 1 Detail Living Rooms 1st Floor: | 1 |
| Unit 2 Detail Rent2: | 950 |
| Unit 2 Detail Rent Description Unit 2: | Actual |
| Unit 2 Detail Lease Term Unit 2: | 12 Months |
| Unit 2 Detail Total Bedrooms4: | 1 |
| Unit 2 Detail Bedrooms On 1st Floor2: | 1 |
| Unit 2 Detail Total Full Baths4: | 1 |
| Unit 2 Detail Kitchens 1st Floor2: | 1 |
| Unit 2 Detail Living Rooms 1st Floor2: | 1 |
| Unit 3 Detail Rent3: | 1,600 |
| Unit 3 Detail Rent Description Unit 3: | Actual |
| Unit 3 Detail Lease Term Unit 3: | 12 Months |
| Unit 3 Detail Occupant Type Unit 3: | Tenant |
| Unit 3 Detail Total Bedrooms5: | 3 |
| Unit 3 Detail Full Baths 2nd Floor3: | 1 |
| Unit 3 Detail Kitchens 2nd Floor3: | 1 |
| Unit 3 Detail Living Rooms 2nd Floor3: | 1 |
| Unit 4 Detail Rent4: | 1,000 |
| Unit 4 Detail Rent Description Unit 4: | Actual |
| Unit 4 Detail Lease Term Unit 4: | 12 Months |
| Unit 4 Detail Occupant Type Unit 4: | Tenant |
| Unit 4 Detail Total Bedrooms6: | 2 |
| Unit 4 Detail Bedrooms On 3rd Floor4: | 2 |
| Unit 4 Detail Total Full Baths6: | 1 |
| Unit 4 Detail Living Rooms 3rd Floor4: | 1 |
| Open Parking?: | Yes |
| Levels: | Three Or More |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Photographer |
| Unit 1 Owner Furnish Features: | Trash, Water, Sewer |
| Unit 2 Owner Furnish Features: | Trash, Water, Sewer |
| Unit 3 Owner Furnish Features: | Electricity, Heat, Trash, Water, Sewer, Hot Water |
| Unit 4 Owner Furnish Features: | Heat, Trash, Water, Sewer |
| Separate Utilities: | Electric, Heat |
| Attic Features: | Hatch |
| Architectural Style: | Other |
| Unit 4 Appliances: | Range, Refrigerator |
| Unit 1 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 2 Includes: | Bathroom, Dining Room, Kitchen, Living Room, Refrigerator, Stove |
| Unit 3 Includes: | Bathroom, Dining Room, Kitchen, Living Room, Refrigerator, Stove |
| Unit 4 Includes: | Bathroom, Dining Room, Kitchen, Living Room, Refrigerator, Stove |
| Exterior Features: | None |
Listing Courtesy of: Staged Nest Real Estate LLC
Listing Agent: Melissa W Woodcock
518-369-8441
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
