199 N Lake Avenue, Albany, NY 12206

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8 Beds 2 Baths 0 Partial Bath 2,032 Sq Ft 0.11 Acres

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Property Description

Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.

199 N Lake Avenue | MLS# 202619923

This multi-family property located at 199 N Lake Avenue, Albany, NY 12206 is currently listed for sale with an asking price of $320,000. N Lake Avenue is located within the Albany school district. Search Albany real estate on kelly-smith.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Exterior Entry, Interior Entry, Unfinished, Walk-Out Access

Heating: Forced Air, Natural Gas

Home Style: Traditional

Lot Size: 0.11 Acres

Taxes: $2,054

Year Built: 1900

Feature Descriptions

Days on Site: 1

Exterior: Vinyl Siding

Exterior: None

Parcel #: 010100 65.47-4-48

Parking: Off Street, Paved, Driveway

Parking Total: 2

Sewer: Public Sewer

SQFT Above Grade Finished: 2032

SQFT Below Grade Finished: 1000

Water: Public

Local Schools

High School: Albany

School District: Albany

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Estimated Payment

$ 976.68 per month $712.18 Principal & Interest $171.17 Property Tax $93.33 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: GROUP TWENTY SIX NY LLC

Shown By

Agent Name: Kelly Smith
Agent Phone: (518) 727-2733 Cell
Agency Title: Coldwell Banker Prime Properties

199 N Lake Avenue, Albany, NY 12206

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Kelly Smith Licensed Real Estate Salesperson Cell: (518) 727-2733 Email: kelly.smith@coldwellbankerprime.com

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/19/2026. The listing information on this page last changed on 06/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/19/2026 6:23:27 AM EST) or Global MLS (last updated Fri 06/19/2026 1:22:31 AM EST) or New York State Alliance MLS (last updated Fri 06/19/2026 2:34:51 AM EST) or Hudson Valley Catskill Region MLS (last updated Fri 06/19/2026 12:11:26 AM EST) or OneKey MLS (last updated Fri 06/19/2026 1:45:34 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

C.B. Prime Properties, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

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Coldwell Banker®. All rights reserved. The Coldwell Banker System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices. Coldwell Banker Real Estate LLC, fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

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199 N Lake Avenue, Albany, NY 12206

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Property Description

199 N Lake Avenue | MLS# 202619923

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Property Features

Feature Descriptions

Local Schools

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199 N Lake Avenue, Albany, NY 12206

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199 N Lake Avenue, Albany, NY 12206

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