261 Central Avenue, Albany, NY 12206
See all 28 photos
261 Central Avenue, Albany, NY 12206
261 Central Avenue, Albany, NY 12206
261 Central Avenue, Albany, NY 12206
261 Central Avenue, Albany, NY 12206
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Ryan Edson • Realty One Group Key
$ 2,199,000
Est. payment /mo
Save
Active

261 Central Avenue Albany, NY 12206

5,952 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,952 sqft

Price per Sqft $369

MLS Listing ID 202622391

Year Built 1930

Annual Tax Amount $17,073

Lot Size 2,222 Sqft

Acres 0.05

Lot Dimensions 32.9X67.5

Property Sub-Type Mixed Use

Source Global MLS

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.

Location

State NY

County Albany

Zoning Commercial

Direction Down Central Avenue in Albany

Interior

Heating Electric, Heat Pump

Flooring Vinyl, Laminate

Exterior

Parking Features Metered, Off Street

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 010100 65.63-2-66.1

NEARBY SCHOOLS & PROPERTIES

Inglenook Realty, Inc.

Inglenook Realty, Inc.

NYS Licensed Real Estate Brokerage | License ID: 109931319

+1(518) 882-6236

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Inglenook Realty, Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By creating an account, you acknowledge & agree that your activity on our site will be saved to your profile & accessible to Inglenook Realty, Inc. You consent to receive property alerts & marketing communications, including emails, text messages, phone calls, video updates, auto-dialed calls & text messages, and prerecorded videos/voice messages. You may opt-out at any time.

Go tour this home

261 Central Avenue

Homes For Sale Quick Search