186 2nd Avenue
Albany, NY 12202
Second Avenue
6 Beds
2 Baths
2,472 sqft
$195,000
Last Sold: Jun 15, 2026
2% below list $199K
$79/sqft
Est. Refi. Payment $1,319/mo*
$195,000
Last Sold: Jun 15, 2026
2% below list $199K
$79/sqft
Est. Refi. Payment $1,319/mo*
6 Beds
2 Baths
2,472 sqft
Local Information
- Map ViewExplore the area around 186 2nd Avenue.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
Prime Investment Opportunity: High-Yield Multi-Family in Albany
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity.
Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant.
Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. This property offers the perfect blend of immediate cash flow potential and value-add opportunity.
Each apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies.
Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant.
Value-Add Potential: The building is in solid condition but requires minor TLC. paint, minor flooring, and appliances.
Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region.
Don't miss out on this high-performing asset. ---
Unit Configuration Estimated Market Rent HUD Payment Standard (2026)
3-Bedroom Unit $1,827 / mo
4-Bedroom Unit $2,013 / mo
186 2nd Avenue, Albany, NY 12202 is a 6 bedroom, 2 bathroom, 2,472 sqft multi-family in Second Avenue, built in 1920. It last sold for $195,000 on Jun 15, 2026 (2% below the $199,000 asking price). It is currently off market. The Trulia Estimate is $195,200, with a rent estimate of $1,380/month.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$79/sqft
Listed
180+ days ago
Home Details for 186 2nd Avenue
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MLS Status: Closed |
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2472 Square Feet |
Heating & Cooling Heating: Radiant,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Radiant |
Fireplace & Spa No Spa |
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Exterior Home Features Exterior: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2472 Square Feet |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi FamilyArchitecture: Other |
Building Construction Materials: Other, Block, DrywallAttached To Another Structure |
Property Information Parcel Number: 010100 76.7124 |
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Price List Price: $199,000Price Per Sqft: $79/sqft |
Status Change & Dates Off Market Date: Thu Apr 02 2026Possession Timing: Close Of Escrow |
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Direction & Address City: Albany |
School Information High School: AlbanyHigh School District: Albany |
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Building Area Building Area: 2472 Square Feet |
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No HOA |
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Lot Area: 2613.6 sqft |
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Mobile Home Park Mobile Home Units: Feet |
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Business Information Ownership: SP RE INV |
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BasementMls Number: 202610659Above Grade Unfinished Area: 2472Showing Requirements: Showing Service |
Last check for updates: about 3 hours ago
Listed by Craig Cioffi, (518) 396-8386
Weichert Realtors-Reliable Properties
Bought with: Bhuwan Rai, (518) 948-3036, KW Platform
Source: Global MLS, MLS#202610659
Price History for 186 2nd Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 06/15/2026 | $195,000 | Sold | Global MLS #202610659 |
| 04/03/2026 | $199,000 | Pending | Global MLS #202610659 |
| 03/02/2026 | $199,000 | PriceChange | Global MLS #202610659 |
| 01/15/2026 | $215,000 | Listed For Sale | Global MLS #202610659 |
| 02/12/2024 | $185,000 | Sold | Global MLS #202325977 |
| 12/15/2023 | $199,000 | Pending | Global MLS #202325977 |
| 11/29/2023 | $199,000 | PriceChange | Global MLS #202325977 |
| 11/12/2023 | $204,900 | PriceChange | Global MLS #202325977 |
| 10/04/2023 | $214,900 | Listed For Sale | Global MLS #202325977 |
| 05/23/2023 | ListingRemoved | Global MLS #202112789 | |
| 02/08/2022 | $149,900 | ListingRemoved | Global MLS #202112789 |
| 02/25/2021 | $149,900 | Pending | Global MLS #202112789 |
| 09/19/2017 | $54,406 | ListingRemoved | Agent Provided |
| 08/22/2017 | $0 | Listed For Sale | Agent Provided |
| 10/25/2002 | $83,000 | Sold | N/A |
| 09/20/2002 | $29,000 | Sold | N/A |
Market trends in Albany
Last updated June 2026
Avg. sale price
$320K
$6.08KMoM
Sale-to-List Price
101.8%
1.7%MoM
Price per sq ft
$220
$9MoM
Available listings
209
34MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $177,083 |
Home facts updated by county records
Comparable Sales for 186 2nd Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $180,000 | 12/12/25 | 6 | 2 | 2,232 | |
0.09 | Multi-Family Home | $152,000 | 07/31/25 | 6 | 2 | 2,380 | |
0.11 | Multi-Family Home | $249,900 | 08/20/25 | 5 | 2 | 2,244 | |
0.10 | Multi-Family Home | $250,000 | 05/05/26 | 6 | 2 | 2,232 | |
0.27 | Multi-Family Home | $210,000 | 11/25/25 | 7 | 2 | 1,920 | |
0.17 | Multi-Family Home | $220,000 | 08/21/25 | 4 | 2 | 1,800 | |
0.17 | Multi-Family Home | $210,000 | 12/09/25 | 6 | 2 | 1,848 | |
0.38 | Multi-Family Home | $227,000 | 11/17/25 | 6 | 2 | 1,840 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALE
3D VIEWListing by: Gucciardo Real Estate LLC, Active
OFF MARKETCore Real Estate Team, Closed
OFF MARKETBerkshire Hathaway Home Services Blake, Closed
OFF MARKETHoward Hanna Capital Inc, Closed
OFF MARKETKearney Brown Realty, Closed
OFF MARKETBerkshire Hathaway Home Services Blake, Closed
OFF MARKETMcCurdy Real Estate Group, Inc, Closed
SOLDJAN 22, 2026Howard Hanna Capital Inc, Closed
Assigned Schools
These are the assigned schools for 186 2nd Avenue.
- Albany High School
- 9-12
- Public
- 2929 Students
4/10GreatSchools RatingParent Rating AverageYou will always hear about the “negative” experience- often times, these are keyboard heroes using a review section as a means to skirt responsibility or vent frustration of some kind. However, I’m a proud resident of the city of Albany. I’m a homeowner. I’m also an educator within the district, specifically at the high school. My colleagues work tirelessly and advocate day in and day out for our students- because of our love for our students, community, and belief in the work that we do. Are there things that could be done differently? Absolutely. But that goes for anything anywhere. Will you hear about nonsense happening at AHS because the local news knows it makes for they think is a great headline? Of course- but that’s really sad and unfair, especially because of the amazing things that happen every single day. Know that the teachers show up and give our all because we believe in our kids and community. We offer the most IB/AP/HVCC credit earring courses of any high school in the Capital Region. We have an award-winning music/art/theater department and programming, now with state of the art facilities. Our extensive CTE course offerings are second to only BOCES programming- ours are directly on campus. Our students can graduate with both a NYS Regents diploma AND be a certified Cosmetologist, Nursing Assistant, Barbering, Carpenter, Mechanic, or receive a certificate in Culinary. Our library is nicer than one found on many college campuses and boasts visiting authors, clubs, and extra curricular opportunities galore. And our athletics department is ever improving and becoming recognized more and more for their excellence. These are just the tip of the iceberg.Sending your child through the Albany City Schools and Albany High School will prepare them for real like experiences beyond what neighboring schools can. Ignore the petty superficial negative comments. This is a school, a district, a city, and a community with a lot of heart and drive. It’ll be worth it.Teacher Review1y ago - Delaware Community School
- PK-5
- Public
- 276 Students
2/10GreatSchools RatingParent Rating Averagethis school is horrible to both students and staffOther Review1y ago - Stephen And Harriet Myers Middle School
- 6-8
- Public
- 570 Students
3/10GreatSchools RatingParent Rating AverageI don’t feel safe in this school, this school gives me anxiety, and much more. The people here are just meanStudent Review1y ago 
Check out schools near 186 2nd Avenue.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Second Avenue
At least 6 Trulia users voted on each feature.
93 % Say there are sidewalks
90 % Say it's dog friendly
80 % Say yards are well-kept
70 % Say parking is easy
67 % Say it's walkable to grocery stores
63 % Say car is needed
62 % Say there's holiday spirit
56 % Say streets are well-lit
53 % Say they plan to stay for at least 5 years
50 % Say kids play outside
50 % Say it's quiet
40 % Say neighbors are friendly
33 % Say people would walk alone at night
31 % Say there's wildlife
29 % Say it's walkable to restaurants
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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Homes for sale near 186 2nd Avenue
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Off Market Homes Near 186 2nd Avenue
SOLDJUL 16, 2026Berkshire Hathaway HomeServices Blake, REALTORS, Closed
SOLDJUL 16, 2026Schermerhorn Realty Group LLC, Closed
SOLDJUL 16, 2026Miranda Real Estate Group Inc, Closed
SOLDJUL 10, 2026John Nolette, Closed
SOLDJUL 7, 2026Miranda Real Estate Group Inc, Closed
SOLDJUL 6, 2026Howard Hanna Capital Inc, Closed
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SOLDJUL 2, 2026Berkshire Hathaway Home Services Blake, Closed
SOLDJUL 1, 2026Akoma Realty Services LLC, Closed
SOLDJUL 1, 2026Staged Nest Real Estate LLC, Closed- See more homes for sale inAlbany
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
Judy Moriarty, Zillow, Inc., Corp. Broker
Judy Moriarty, Zillow, Inc., Corp. Broker