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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"Based on information submitted to Global MLS as of September 10, 2026 7:44 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

97-99 HomesteadAlbany, NY 12203Price: $1,199,900

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Property Details of 97-99 Homestead

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Building Relationships Based on Trust, Honesty and Dedication

97-99 HomesteadAlbany, NY 12203Price: $1,199,900

$/month over payments

Listing Tools

$/month over payments

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Property Details of 97-99 Homestead

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Other

Exterior Features

Features

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