102 S Lake Ave

Albany, NY 12208

$1,990,000
Price
21
Beds
10,263 Sq. Ft.
$194 / Sq. Ft.
10,263
Sq. Ft.
$194
per Sq. Ft.
102-106 S Lake Ave
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Description

Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking,...Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.

Property Details for 102 South Lake Avenue

Architectural Style
Apartment 4 Plus Unit
Zoning
Multi Residence
Waterfront
No
Parking Total
9.00
LISTING UPDATED: 09/17/2025 01:45 PM

Property Details for 102 South Lake Avenue

StatusActive
MLS #202526005
Days on Market89
Taxes$20,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Family
Year Built1900
Lot Size0.21 AC / 9,147 SF
CountyAlbany County

Location

Listing Courtesy of Carrow Real Estate Services LLC
Add your commute

Building Information for 102 South Lake Avenue

Stories-Residences18Year Built1900Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$11,581 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,833

Property Taxes

$1,748

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 102 South Lake Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: S Lake Ave between Washington Ave and Morris St
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12208
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.78
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 14.000
  • Tax Block: 4
  • Parcel Number: 010100 65.77-4-14
  • Tax Tract: 65.77
  • Tax Annual Amount: $20,972.55
Parking
  • GarageSpaces: 3.00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1900
  • Above Grade Finished Area: 10263.0
  • Above Grade Finished Area Source: Public Records
  • Below Grade Finished Area: 4672.0
  • Below Grade Finished Area Source: Public Records
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9147.6
Building Information
  • Living Area: 10263.0
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
Interior and Exterior Features
Exterior Features
  • Exterior Features: Other
Interior Features
  • Heating: Natural Gas
  • Roof: Slate, Rubber
  • Basement: Finished
  • Construction Materials: Vinyl Siding
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 18
  • Bathrooms Total Decimal: 18.00
  • Bathrooms Total Notational: 18.00
  • Bedrooms Total: 21
  • Bathrooms Full: 18
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 18

Property History for 102 South Lake Avenue

DateEvent & SourcePriceAppreciation
Sep 17, 2025

Listed (Active)

GLOBAL MLS #202526005

$1,990,000—
Feb 4, 2021

Sold (Public Record)

Public Record #1456202482

$1,175,000—
DateEvent & SourcePrice
09/17/2025

Listed (Active)

GLOBAL MLS #202526005

$1,990,000
02/04/2021

Sold (Public Record)

Public Record #1456202482

$1,175,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 102 South Lake Avenue

Taxable ValueLand$87,000Additions$465,600Total$552,600
Home Facts
Total Finished SqFt8,795 SqFtAbove Grade Finished SqFt6,159 SqFtFinished Basement SqFt2,636 SqFtStories2Lot Size9,180 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR2ACountyALBANYAPN010100 65.77-4-14

Schools near 102 South Lake Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
New Scotland Elementary School
Public - PK to 5
William S Hackett Middle School
Public - 6 to 8
Albany High School
Public - 9 to 12
Thomas S O Brien Academy Of Science And Tech
Public - PK to 5
Rating
School
Distance
New Scotland Elementary School
PublicPK to 5

William S Hackett Middle School
Public6 to 8

Albany High School
Public9 to 12

Thomas S O Brien Academy Of Science And Tech
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 102 South Lake Avenue, Albany, NY 12208

102 South Lake Avenue is a multi-family home for sale in Albany, NY 12208. This property was listed for sale on September 17, 2025 by Carrow Real Estate Services LLC, it's currently listed at $1,990,000. It has been on the market for a total of 89 days and was last sold on February 4, 2021. This listing's school district is Albany City School District. Nearby schools include New Scotland Elementary School, William S Hackett Middle School and Albany High School. 102 South Lake Avenue is a 21-bed, 18-bath, 10,263 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carrow Real Estate Services LLC

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