185 Clinton AveAlbany, NY 12210

For Sale
$249,900

Historic Albany building, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
93
This historic Albany, NY mixed-use building presents a compelling investment opportunity. Located near the Palace Theater and the Capitol building, this property boasts three apartments currently operating as highly successful Airbnbs, generating an average monthly revenue exceeding $6,300, with some months reaching $9,000-$10,000+. The property's prime location offers easy access to downtown, Washington Park, Lark Street, and local hospitals, making it ideal for short-term (Airbnb), medium-term (traveling nurses), or long-term tenants. The building's versatility extends to an unfinished garden-level space, offering potential for conversion into a fourth apartment or a retail storefront, further enhancing revenue streams. All existing Airbnb furniture, décor, vendor relationships, supplies, and smart locks are negotiable. Separate utilities contribute to cost-effectiveness. The property sits on a 0.06-acre lot at 185 Clinton Ave, Albany, NY 12210. This is an exceptional chance to acquire a proven income-generating property in a desirable location, perfect for portfolio expansion or owner-occupancy. The asking price is $249,900. Last year's revenue totaled $76,000.

Highlights

  • Asking Price: $249,900
  • Mixed-use property in Albany, NY, located near the Palace Theater and Capitol building.
  • Three apartments currently generating approximately $6,300+ monthly revenue via Airbnb, with potential for over $9,000-$10,000 in peak months.
  • Includes all furniture, Airbnb business assets, and décor.
  • Unfinished garden-level space offers potential for a fourth apartment or retail storefront.

Property Details for 185 Clinton Ave

Property type
Other mixed-use properties, Mixed-use properties
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Albany
County
36001
State
New York
Latitude
42.6580188
Longitude
-73.7561632
185 Clinton Ave, Albany, New York

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185 Clinton Ave
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