Grand 2,490 Sqft Historic Row House: High-Yield Investment
Albany, NY, 12206
Investment Overview At a price point of $270,000 and offering a substantial 2,490 square feet of interior space, this property represents a premier opportunity for an investor pursuing a Long-Term (LTR) rental strategy in Albany. The significant square footage and versatile floor plan are perfectly suited for attracting stable, multi-year tenants who value the character of a historic row house combined with functional modern updates. By focusing on a Long-Term strategy, an investor can capitalize on the consistent demand for high-capacity housing in the state capital, utilizing the property’s architectural appeal and move-in-ready condition to secure reliable rental income.
Property Highlights The exterior showcases a meticulously preserved multi-story urban row house, featuring a deep brown facade accented by ornate gold-toned cornices and a classic raised stoop. Inside, the property offers expansive living areas characterized by large three-story bay windows that provide abundant natural light. The interior layout includes multiple kitchens equipped with raised-panel cabinetry, durable stone-look countertops, and distinctive mosaic tile backsplashes. Significant selling points include high ceilings, exposed brick accent walls, and decorative fireplaces with traditional white millwork. The bathrooms are finished with a variety of styles, from modern walk-in showers with large-format gray tiling to classic pedestal sinks and stone-look surfaces. Throughout the home, polished wood-tone flooring and wide baseboards create a cohesive and well-maintained atmosphere.
Style & Finishes The property features a sophisticated traditional aesthetic defined by historic Italianate architectural details and a warm palette of earth tones. The design synthesis includes honey-toned wood flooring and neutral off-white walls, complemented by elegant crown molding and dark-painted wooden staircases with detailed spindles. Modern touches like recessed lighting and linear tile backsplashes blend seamlessly with the building’s original urban character.
Location & Lifestyle Located in the heart of Albany, NY, this property offers residents convenient access to the region's primary employment centers, including the New York State Capitol, downtown government offices, and major medical hubs. The neighborhood is highly attractive to renters seeking an urban lifestyle, with diverse retail, dining, and cultural attractions just a short distance away. This central location ensures the property remains a competitive choice for professionals and long-term residents looking for a walkable, historic community.