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261 Central Avenue

Albany, NY 12206
  • $2,149,000
  • STATUS: Active
  • MLS #: 202622391
Price Reduced
UPDATED: 155 min ago
$2,149,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,952
    SQFT
  • $361
    $/SQFT
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

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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 2026-08-15T00:12:03.96.
www.518realty.com/homes/179111608
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261 Central Avenue Albany, NY 12206

  • Price: $2,149,000
  • Status: Active
  • On Site: Days
  • Updated: 155 min ago
  • MLS #: 202622391
0
Beds
0
Baths
0
½ Baths
0.05
Acres
5,952
SQFT
$361
$/SQFT
1930
Built
County:
Albany
Area:
Albany
Property Description
Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials BlockBrick Door Features [] Exterior Features [] Fencing [] Foundation Details [] Lot Features [] Other Structures [] Parking Features MeteredOff Street Parking Total 0 Patio And Porch Features [] Pool Features [] Roof [] View [] Waterfront Features []

Interior Features

Basement [] Cooling Central AirWall Unit(s) Cooling YN Yes Electric Heating Yes Flooring VinylLaminate Heating ElectricHeat Pump Heating YN Yes Interior Features []

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Current Use Apartment PlusMixed UseOffice warehouse Electric [] Horse Amenities [] Listing Terms [] New Construction YN No Other Equipment [] Property Sub Type Mixed Use Security Features [] Sewer Public Sewer Special Listing Conditions [] Tenant Pays HeatInternetCable TVCentral AirElectricity Utilities [] Water Source Public Zoning Commercial

Listing information © 2026 Global MLS.
Listing provided courtesy of Ryan Edson of Realty One Group Key: 518-630-5360.



© 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 2026-08-15T00:12:03.96.
 
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1571 Central Ave.
Albany NY, 12205