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199 N Lake Avenue

Albany, NY 12206
  • $320,000
  • STATUS: Active
  • MLS #: 202619923
UPDATED: 41 min ago
$320,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,032
    SQFT
  • $157
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

High School:
School District:

Description

Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.

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© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2026-07-21T00:11:59.217.
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199 N Lake Avenue Albany, NY 12206

  • Price: $320,000
  • Status: Active
  • On Site: Days
  • Updated: 41 min ago
  • MLS #: 202619923
8
Beds
2
Baths
0
½ Baths
0.11
Acres
2,032
SQFT
$157
$/SQFT
1900
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.
Exterior Features

Architectural Style Traditional Attached Garage YN No Construction Materials Vinyl Siding Door Features [] Exterior Features None Fencing [] Foundation Details [] Lot Features [] Other Structures [] Parking Features Off StreetPavedDriveway Parking Total 2 Patio And Porch Features [] Pool Features [] Roof [] View [] Waterfront Features [] Waterfront YN No Window Features []

Interior Features

Basement Exterior EntryInterior EntryUnfinishedWalk-Out Access Cooling [] Fireplace Features [] Flooring [] Heating Forced AirNatural Gas Heating YN Yes Interior Features [] Laundry Features []

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Association YN No Electric [] Green Energy Efficient [] Green Energy Generation [] Green Indoor Air Quality [] Listing Terms [] New Construction YN No Other Equipment [] Owner Pays [] Property Condition [] Property Sub Type Duplex Security Features [] Sewer Public Sewer Special Listing Conditions Standard Tenant Pays [] Utilities [] Water Source Public

Listing information © 2026 Global MLS.
Listing provided courtesy of Linda Chiou of GROUP TWENTY SIX NY LLC: 518-201-9292.



© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2026-07-21T00:11:59.217.
 
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