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Listed by Craig Cioffi • Weichert Realtors Reliable Properties

$ 459,000

Est. payment -/mo

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176 Exchange Street Albany, NY 12205

5 Beds

2 Baths

2,176 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,176 sqft

Price per Sqft $210

MLS Listing ID 202629739

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1998

Annual Tax Amount $8,439

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Duplex

Source Global MLS

Property Description

Prime Investment or Owner-Occupied Opportunity: 176 Exchange St.

2 Single-Family Homes on One Lot (Multi-Unit Setup)
Total Monthly Income / Potential: Front house estimated up to $2,500/mo (vacant) + Rear house currently rented at $1,950/mo.
Condition: Fully renovated and in excellent condition throughout.

**Property Overview**

Welcome to 176 Exchange St.—a rare and exceptional dual-property offering featuring two fully renovated, turnkey single-family homes on a single lot. Whether you are an astute investor looking for a strong, income-producing portfolio addition or a buyer wanting to offset your mortgage by living in one home and renting out the other, this property delivers unmatched versatility and value.

Front House (Vacant & Move-In Ready)

Size: 1,215 sq. ft.
Layout: 3 bedrooms, 1 bathroom, plus a flexible bonus room in the basement ideal for an office or additional bedroom.
Features: Includes convenient basement laundry hookups.
Rental Potential: Estimated up to $2,500 per month, making it ideal for an immediate tenant placement or an effortless owner-occupancy transition.

Rear House (Current Income Generator)

Layout: 2 bedrooms, 1 bathroom.
Current Status: Currently occupied and generating steady rental income at $1,950 per month
Upgrades: Features brand-new Mini-Split HVAC systems for efficient year-round climate control.

Mechanicals & Highlights

Upgraded Utilities: Both homes are separately metered for gas and electric, meaning tenants pay their own utilities.
Roof: Front house roof is under 8 years old, providing long-term peace of mind.
Modern Comforts: Fully renovated from top to bottom with updated plumbing and a brand-new hot water heater.
Low Maintenance: Both structures are in pristine, excellent condition, allowing you to move right in or start collecting rent with peace of mind.

Don't miss out on this turnkey dual-home property offering stellar cash flow and flexibility!

Location

State NY

County Albany

Direction I-90 to Everett Road to Exchange Street.

Interior

Heating Hot Water

Fireplace No

Window Features Blinds

Exterior

Exterior Feature Other

Parking Features Driveway

Roof Type Asbestos Shingle

Building

Sewer Shared Septic

Water Public

Architectural Style Ranch

New Construction No

Schools

School District South Colonie

Others

Tax ID 012689 53.12-1-16

Special Listing Condition Other

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NEARBY SCHOOLS & PROPERTIES

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NYS Licensed Real Estate Brokerage License ID: 109931319

+1(518) 882-6236

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