Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!
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Listing Snapshot
Price
$1,199,900
Days On Site
0 Days
Bedrooms
16
Inside Area (SqFt)
6,184 sqft
Total Baths
8
Full Baths
8
Partial Baths
N/A
Lot Size
0.34 Acres
Year Built
1940
MLS® Number
202625727
Status
Active
Property Tax
$12,216
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 hours ago
Listing first seen on site
4 hours ago
Listing updated with changes from the MLS®
General Features
Acres
0.34
Garage
Yes
Garage Spaces
6
Parking
PavedDetachedDrivewayGarage
Parking Spaces
14
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Above
6184
Style
Apartment 4 Plus Unit
Utilities
Sewer Connected
Water Source
Public
Interior Features
Basement
Full
Cooling
Window Unit(s)
Flooring
TileHardwood
Heating
Hot WaterRadiantRadiant FloorNatural Gas
Interior
High Speed InternetBuilt-in Features
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Exterior Features
Construction Details
Brick
Exterior
Other
Other Structures
Garage(s)
Patio And Porch
Rear Porch
Roof
FlatRubber
Community Features
School District
Albany
Schools
School District
Albany
Elementary School
Unknown
Middle School
Unknown
High School
Albany
Listing courtesy of Kevin Clancy of Clancy Real Estate
Listing information is provided by Participants of the Global MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2026, Global MLS.
Last checked: 2026-09-09 08:47 PM UTC
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