# 169 Elk St, Albany, NY 12210 > **TL;DR:** 0bd/5ba commercial, $559,000 ($155/sqft), built 1950, 3,600 sqft. > Hardwood. Est. $2,990/mo. Listed 55 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $559,000 | | Price/sqft | $155 | | Bathrooms | 5 full | | Square Feet | 3,600 | | Year Built | 1950 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 55 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,827 | | Estimated Insurance | $163 | | **Total** | **$2,990** | ## Key Amenities - Hardwood ## Property Highlights - Built in 1950 ## Description ### Agent Description call or text (5I8) 573-8OI8 *** Prime Downtown Albany Multifamily | High-Yield 9.6% Cap Rate Strong Financial Yield: Operating at a proven 9.6% Cap Rate, significantly outperforming regional market averages. Optimal Unit Mix: Five high-occupancy, easily rentable units designed to maximize monthly gross potential rent. All units currently occupied. Premium Downtown Location: Steps from State Capital buildings, SUNY Downtown campuses, major hospitals, and the vibrant Lark Street entertainment district. High Tenant Demand: Perfect walk-ability ensures a steady pipeline of young professionals, state workers, and student renters. Property Highlights: -Value-Add Potential: Immediate cash flow with room for organic rent growth as leases renew. -Strong Rental History: Low historical vacancy rates with an established, reliable tenant base. -Separate Utilities for each unit's gas and electric; Owner pays Heat and Hot water, so only one boiler and one HW heater to maintain. All mechanicals solid. -Certificates of Occupancy: all current through 10/2027 -Investor Packages Ready: Full rent roll and a detailed pro forma are available upon request for qualified buyers. Exceptional opportunity to acquire a high-performing, turnkey 5-unit multifamily property nestled in the heart of Downtown Albany. Delivering a 9.6% Capitalization Rate on current financials, this asset offers an immediate, robust cash-flow engine for your portfolio from Day 1. Offered at $559,000. Freshly painted, always rented, solid brick 5 family with current certs of occupancy on a quiet street only a block from center square! Directly behind the public library on Washington Ave. Owner pays heat and hot water. Tenants pay their own electricity and cooking gas via separate metering. Heating is a boiler in great shape and Hot water heater only a few years old. All new replacement windows throughout. No owner financing. Please no Real estate listing agents. ***** SHOWING REQUESTS & QUESTIONS: ## Location - **Address:** 169 Elk St, Albany, NY 12210 - **County:** Albany - **Coordinates:** 42.657276, -73.761324 - **Google Maps:** https://www.google.com/maps?q=42.657276,-73.761324 ## Virtual Tour & Media - **Video Tour:** https://www.moreinfo.media/26750b03-4783-4c3e-9c6e-fddc65e6ea67 ## Listing Agent - **Name:** Vitaly Isaacs - **Brokerage:** Statewide Properties LLC - **Broker Phone:** 3475604024 ## Photos ![169 Elk St - Photo 1](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f98348626r.jpg) ![169 Elk St - Photo 2](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f556011535r.jpg) ![169 Elk St - Photo 3](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f2923902350r.jpg) ![169 Elk St - Photo 4](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f311379318r.jpg) ![169 Elk St - Photo 5](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f1544411316r.jpg) ![169 Elk St - Photo 6](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f4150471434r.jpg) ![169 Elk St - Photo 7](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f3883388444r.jpg) ![169 Elk St - Photo 8](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f1527145579r.jpg) ![169 Elk St - Photo 9](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f3999842432r.jpg) ![169 Elk St - Photo 10](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f4208143828r.jpg) ![169 Elk St - Photo 11](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f664303859r.jpg) ![169 Elk St - Photo 12](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f612718587r.jpg) ![169 Elk St - Photo 13](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f3419026295r.jpg) ![169 Elk St - Photo 14](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f3754586285r.jpg) ![169 Elk St - Photo 15](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f1686500631r.jpg) ![169 Elk St - Photo 16](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f3628721631r.jpg) ![169 Elk St - Photo 17](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f401523178r.jpg) ![169 Elk St - Photo 18](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f2138868357r.jpg) ![169 Elk St - Photo 19](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f2850634226r.jpg) ![169 Elk St - Photo 20](http://lh.rdcpix.com/a308d5f576c9c5390a09d6c4d77536ecl-f1166755774r.jpg) --- **MLS#:** 11968354 | **Updated:** 2026-10-23 **Source:** listhub *Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/169-elk-st-albany-ny-12210-d9f6522552044c7299cc28af49ce47fa) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/169-elk-st-albany-ny-12210-d9f6522552044c7299cc28af49ce47fa#listing", "url": "https://www.propertysimple.ai/listing/169-elk-st-albany-ny-12210-d9f6522552044c7299cc28af49ce47fa", "name": "169 Elk St, Albany, NY 12210", "description": "call or text (5I8) 573-8OI8 *** Prime Downtown Albany Multifamily | High-Yield 9.6% Cap Rate Strong Financial Yield: Operating at a proven 9.6% Cap Rate, significantly outperforming regional market averages. Optimal Unit Mix: Five high-occupancy, easily rentable units designed to maximize monthly gross potential rent. All units currently occupied. Premium Downtown Location: Steps from State Capital buildings, SUNY Downtown campuses, major hospitals, and the vibrant Lark Street entertainment district. High Tenant Demand: Perfect walk-ability ensures a steady pipeline of young professionals, state workers, and student renters. Property Highlights: -Value-Add Potential: Immediate cash flow with room for organic rent growth as leases renew. -Strong Rental History: Low historical vacancy rates with an established, reliable tenant base. -Separate Utilities for each unit's gas and electric; Owner pays Heat and Hot water, so only one boiler and one HW heater to maintain. All mechanicals solid. -Certificates of Occupancy: all current through 10/2027 -Investor Packages Ready: Full rent roll and a detailed pro forma are available upon request for qualified buyers. Exceptional opportunity to acquire a high-performing, turnkey 5-unit multifamily property nestled in the heart of Downtown Albany. Delivering a 9.6% Capitalization Rate on current financials, this asset offers an immediate, robust cash-flow engine for your portfolio from Day 1. Offered at $559,000. Freshly painted, always rented, solid brick 5 family with current certs of occupancy on a quiet street only a block from center square! Directly behind the public library on Washington Ave. Owner pays heat and hot water. Tenants pay their own electricity and cooking gas via separate metering. Heating is a boiler in great shape and Hot water heater only a few years old. All new replacement windows throughout. No owner financing. 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