USANYAlbany140 Jefferson St
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$625,000

Sold

9 months ago

140 Jefferson St, Albany, NY

MLS® 880964

7 Bed

4 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes $11,960
Lot Size 
Approx. Age 1816
MLS® Number 880964

Property Address: 140 Jefferson St, Albany, NY, 12210-1604

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own a fully updated, semi-detached historic gem! This beautifully restored side-by-side two-unit property (4 units total) blends timeless charm with modern upgrades. Built in the 1810s and recently renovated from top to bottom, the buildings feature new roofs, updated mechanicals, newer electrical and plumbing systems, and fresh exterior paint. Each apartment boasts a unique layout, updated kitchens and baths, in-unit washer/dryers, and private outdoor space—including a brand-new deck. The unit mix includes a spacious 3-bedroom, a 2-bedroom, and two 1-bedroom apartments—all with well-proportioned bedrooms and great natural light. A perfect investment opportunity: all tenants are current on rent, and the 3-bedroom and one of the 1-bedrooms can be delivered vacant for owner occupancy or market-rate leasing. This turnkey property is a rare blend of historic character and modern convenience—ideal for investors or live-in owners seeking cash flow and long-term value. The properties are located in historic Hudson Square, which is centrally located with easy access to the state government buildings, Albany Medical Center, several parks, and the active bar/ restaurant scene on Lark Street. This area has a high demand for rentals, and demands high rent prices. Income and Expense Numbers: Expenses (we self manage): Taxes: $11, 960 Insurance: $2, 542 Vacancy (5%): $4, 185 Cap X (2.5%): $2, 092 Trash: $600 PLP: $840 Water: $1, 000 Total Expenses: $23, 219 Income: $83, 700 Net: $60, 481
MLS® Number880964
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1816
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Oct 20, 2025End Date
$625,000Sold Price

Sold

Jun 23, 2025List Date
$625,000List Price
  • Commute

Commute

Starting Address
Destination Address
140 Jefferson St, Albany, NY

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