534 1st Street Albany, NY 12206

Excellent investment opportunity! This well-maintained building offers three bedrooms, large living spaces and eat in kitchens. The kitchens, bathrooms, and flooring updated approximately four years ago, along with newer hot water heaters installed two years ago. Current rents are below market, offering strong upside potential. 2026 projected HUD Fair Market Rent for zip code 12206 is $2,030 per unit (see HUD rates in documents). Separate utilities and Ideally located within easy walking distance to Bleecker Stadium and close to shopping, dining, and major routes—this property combines convenience with great income potential.