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10 Lexington Ave, Albany, NY, 12206

5beds
2baths
1,848sqft
$35,000
$19price/sqft
$550/moest. monthly cost
$22,000/yrincome needed

About This Home

Contractor’s Dream – Multi-Family or Storefront Opportunity. Totally cleaned out, needs everything. New water line installed sewer line is good. This property is a true investment opportunity! The interior has already been demoed and cleaned out, saving you time and money. A brand-new water line has just been installed, and the structure offers flexibility to be finished as either a two- or three-family building. There’s also potential for a storefront option, making it perfect for rental income or a mixed-use project. I had planned to take on this project myself, but have decided to move on once the building is brought up to Code. After completion, the property value should land in the $200,000–$250,000 range. Cash deal preferred.

Getting Around

86
WalkingVery Walkable
62
TransitGood Transit
62
BikeBikeable

Schools

5/10
4/10
Albany High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1930

Materials

  • Construction materials: Wood

Type & Style

  • Home type: MultiFamily

Interior

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Other

Interior Area

  • Total interior livable area: 1,848 sqft

Property

Details

  • Parcel number: 0101006564669

Features

  • Exterior features: Wood

Lot

  • Lot size: 1,800 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Albany County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $176$2,112
Home Insurance *$24$288
Property Taxes $45$540
Electricity $305$3,664
Total$550$6,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$18,857/yr
40% on housing$16,500/yr
45% on housing$14,666/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$19This listing

vs Other Active Listings

Avg $/sqft

ZIP 12206$165
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12206$134
Albany County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-05Price change$35,000
2026-01-25Price change$40,000
2025-10-25Pending sale$30,000
2025-10-06Price change$30,000
2025-09-18Price change$40,000
2025-09-16Listed for sale$45,000
2009-01-14Sold$1,000
2002-08-16Sold$3,000
2002-01-25Sold$2,700
2001-05-14Sold$32,900
1998-04-29Sold$5,000
1997-04-30Sold$12,000

For Sale by Owner

AgentProperty Owner

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