285 Washington Ave - Apartments FOR SALE


Albany, NY 12206- Central Avenue
$679,900 USD
518-368-3932
285 Washington Ave, Albany, NY for Sale
$679,900 USD
Apartments - FOR SALE
1/25
null | 6.32% Cap Rate

Sep '26


285 Washington Ave
Albany, NY 12206
Central Avenue


HIGHLIGHTS

  • 6-Unit Mixed-Use Asset
  • Prime Center Square Location
  • Income-Producing Property
  • Value-Add Potential
  • Flexible Commercial Opportunity
  • Walkable Urban Location

OVERVIEW

Value-add investment opportunity in Albany’s highly desirable Center Square neighborhood. This 6-unit mixed-use apartment building features two street-level commercial spaces, offering investors the opportunity to acquire an existing income-producing asset with additional upside through repositioning, leasing, or owner-user occupancy. Ideally located within walking distance of restaurants, bars, shopping, and Washington Park, the property offers strong urban accessibility and convenient proximity to downtown Albany. A compelling opportunity for investors seeking a value-add multifamily/mixed-use asset in an established neighborhood. Schedule your showing today.

FOR SALE DETAILS

PRICE

$679,900 USD

PRICE/SF

$88 USD /SF

# OF UNITS

4

PRICE/UNIT

$169,975

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

285 Washington Ave - 6-Unit Mixed Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,298 SF

ZONING

R2B

APN/PARCEL ID

010100-065-071-0003-037-000-0000

ASK ABOUT THIS PROPERTY

Ben RomerKW PLATFORMMore Info
518-368-3932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ben RomerKW PLATFORMMore Info
518-368-3932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.