55 Ten Broeck Street
Albany, NY 12210
$575,000
Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner.
Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses.
Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run.
Full OM and financials upon request!
| Listing Id: | 202622021 |
|---|---|
| List Price: | $575,000 |
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 6 |
| Living Area: | 2,544 |
| Tax Annual Amount: | $7,871 |
| Lot Size Square Feet: | 3,049.2 |
| Lot Size Acres: | 0.07 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12210 |
| Year Built: | 1860 |
| List Agent Full Name: | Sage Baltrusaitis |
| Co List Agent Full Name: | Christopher Maddalone |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Bathrooms Total Integer: | 6 |
| Basement: | false |
| Basement: | Other |
| State Or Province: | NY |
| Special Listing Conditions: | Standard |
| Sewer: | Public Sewer |
| High School: | Albany |
| Lot Size Area: | 0.07 |
| Documents Change Timestamp: | 2026-07-18T15:20:28Z |
| Heating: | Forced Air |
| Directions: | From I-787 N: Take Exit 4 for Clinton Ave. Head west on Clinton Ave, then turn left onto N Pearl St. Continue south on N Pearl, then turn right onto First St. Turn left onto Ten Broeck St -- property is on the right. From I-90 E: Take Exit 1N toward Albany. Merge onto I-787 N and follow directions above. |
| Listing Contract Date: | 2026-07-17 |
| Parcel Number: | 010100 65.82-5-66 |
| List Agent Key: | 20211012214558391361000000 |
| Construction Materials: | Brick |
| Water Source: | Public |
| Co List Office Key: | 20211012213958380210000000 |
| Co List Agent Key: | 20211012220437548661000000 |
| High School District: | Albany |
| Above Grade Finished Area: | 2,544.0 |
| Postal City: | Albany |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $599,000 |
| Possession: | At Closing |
| Below Grade Finished Area Source: | CRS |
| Bathrooms Total Decimal: | $6.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Bath Levels Full Bath 1: | Basement |
| Bath Levels Full Bath 2: | Basement |
| Bath Levels Full Bath 3: | 1st |
| Bath Levels Full Bath 4: | 1st |
| Bath Levels Full Bath 5: | 2nd |
| Bath Levels Full Bath 6: | 2nd |
| Separate Utilities Number Of Separate Electric Meters: | 5 |
| Separate Utilities Number Of Separate Gas Meters: | 5 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | Garden |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 5 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 2 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | Garden |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 5 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 2 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 1st |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 7 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 2 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 2 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 2nd |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 7 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 2 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 2 |
| Unit 1 Detail Total Bedrooms3: | 2 |
| Unit 2 Detail Total Bedrooms4: | 2 |
| Unit 3 Detail Total Bedrooms5: | 2 |
| Unit 4 Detail Total Bedrooms6: | 2 |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Separate Utilities: | Electric, Gas |
| Architectural Style: | Other |
| Exterior Features: | None |
Listing Courtesy of: Empire Real Estate Firm LLC
Listing Agent: Sage Baltrusaitis
248-506-0477
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
