Erica J. Shea

199 N Lake Avenue, Albany, NY 12206

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$320,000 Active
8 Beds 2 Baths 0 Partial Bath 2,032 Sq Ft 0.11 Acres
Year Built 1900 School Albany MLS #202619923
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Property Description

Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.

199 N Lake Avenue | MLS# 202619923

This multi-family property located at 199 N Lake Avenue, Albany, NY 12206 is currently listed for sale with an asking price of $320,000. N Lake Avenue is located within the Albany school district. Search Albany real estate on erica-shea.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Interior Entry, Unfinished, Walk-Out Access
Basement: Yes
Heating: Forced Air, Natural Gas
Home Style: Traditional
Lot Size: 0.11 Acres
Taxes: $2,054
Year Built: 1900

Feature Descriptions

Exterior: None
Exterior: Vinyl Siding
Parcel #: 010100 65.47-4-48
Parking: Off Street, Paved, Driveway
Parking Total: 2
Parking Total: 2
Sewer: Public Sewer
SQFT Above Grade Finished: 2032
SQFT Below Grade Finished: 1000
Water: Public

Local Schools

High School: Albany
School District: Albany
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199 N Lake Avenue, Albany, NY 12206

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Estimated Payment

$ 976.68 per month $712.18 Principal & Interest $171.17 Property Tax $93.33 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: GROUP TWENTY SIX NY LLC

Shown By

Agent Name: Erica J. Shea
Agent Phone: (518) 928-6102 Cell
Agency Title: Coldwell Banker Prime Properties

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/18/2026. The listing information on this page last changed on 06/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 06/18/2026 12:16:42 AM EST) or Global MLS (last updated Thu 06/18/2026 12:07:38 AM EST) or New York State Alliance MLS (last updated Thu 06/18/2026 12:15:01 AM EST) or Hudson Valley Catskill Region MLS (last updated Thu 06/18/2026 12:11:19 AM EST) or OneKey MLS (last updated Thu 06/18/2026 12:14:31 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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