Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.

Property Details

Interior Features

Utilities and Appliances

Community

"Based on information submitted to Global MLS as of May 15, 2026 11:45 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

Name

Your Email Address

Phone

Message Send me the deed for 102 S Lake Avenue Albany NY 12208 (ID#:202526005)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 102 S Lake Avenue Albany NY 12208 (ID#:202526005)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 102 S Lake Avenue Albany NY 12208 (ID#:202526005)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Main Navigation

Building Relationships Based on Trust, Honesty and Dedication

102 S Lake AvenueAlbany, NY 12208Price: $1,990,000

$/month over payments

Listing Tools

Property Details of 102 S Lake Avenue

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

Signature ONE Realty Group

Contact

Quick Links

Building Relationships Based on Trust, Honesty and Dedication

102 S Lake AvenueAlbany, NY 12208Price: $1,990,000

$/month over payments

Listing Tools

$/month over payments

Hi there! How can we help you?

Send to a friend

Property Details of 102 S Lake Avenue

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Signature ONE Realty Group

Contact

Quick Links