Nicholas Falcone
Licensed Real Estate Salesperson
REALTOR®
Stamford, NY
Office: (607) 652-2220 (631) 384-1507

534 1st Street, Albany, NY 12206

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$179,900
6 Beds 2 Baths 0 Partial Bath 2,464 Sq Ft 0.07 Acres
Days on Site 33 Year Built 1890 School Albany MLS #202611248
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Property Description

Excellent investment opportunity! This well-maintained building offers three bedrooms, large living spaces and eat in kitchens. The kitchens, bathrooms, and flooring updated approximately four years ago, along with newer hot water heaters installed two years ago. Current rents are below market, offering strong upside potential. 2026 projected HUD Fair Market Rent for zip code 12206 is $2,030 per unit (see HUD rates in documents). Separate utilities and Ideally located within easy walking distance to Bleecker Stadium and close to shopping, dining, and major routes-this property combines convenience with great income potential.

534 1st Street | MLS# 202611248

This multi-family property located at 534 1st Street, Albany, NY 12206 is currently listed for sale with an asking price of $179,900. 1st Street is located within the Albany school district. Search Albany real estate on nicholas-falcone.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Heating: Baseboard, Hot Water, Natural Gas
Home Style: Traditional
Lot Size: 0.07 Acres
Roof Type: Flat
Taxes: $3,499
Year Built: 1890

Feature Descriptions

Days on Site: 33
Exterior: None
Exterior: Vinyl Siding
Fencing: Chain Link
Flooring: Laminate
Foundation: Stone
Interior: Built-in Features
Laundry: None
Lot: Level, Cleared
Lot Dimensions: 25 x 125
Parcel #: 010100 65.46-4-55
Parking: None
Patio/Porch: Rear Porch
Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer: Public Sewer
Special View Info: None
SQFT Above Grade Finished: 2464
Structures: None
Water: Public

Local Schools

High School: Albany
School District: Albany
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534 1st Street, Albany, NY 12206

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Estimated Payment

$ 744.43 per month $400.38 Principal & Interest $291.58 Property Tax $52.47 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Crystal Coleman Realty LLC
Agency Phone: 1 518-229-4539

Shown By

Agent Name: Nicholas Falcone
Agent Phone: (631) 384-1507
Agency Title: Timberland Properties

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Nicholas Falcone
Nicholas Falcone Licensed Real Estate Salesperson Cell: (631) 384-1507 Email Me
All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. 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 03/03/2026. The listing information on this page last changed on 03/03/2026. 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 Tue 03/03/2026 1:11:38 AM EST) or Global MLS (last updated Tue 03/03/2026 1:06:55 AM EST) or New York State Alliance MLS (last updated Tue 03/03/2026 1:10:29 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 03/03/2026 12:11:14 AM EST) or OneKey MLS (last updated Tue 03/03/2026 1:10:05 AM EST). Real estate listings held by brokerage firms other than Timberland 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.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.
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