Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

"Based on information submitted to Global MLS as of July 23, 2026 8:13 AM UTC . 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."

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Building Relationships Based on Trust, Honesty and Dedication

261 Central AvenueAlbany, NY 12206Price: $2,199,000

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Building Relationships Based on Trust, Honesty and Dedication

261 Central AvenueAlbany, NY 12206Price: $2,199,000

$/month over payments

Listing Tools

$/month over payments

Hi there! How can we help you?

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Property Details of 261 Central Avenue

Property Details

Basic Information

Property

Location

Finance

Utilities and Appliances

Utilities and Appliances

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