282 Yates Street, Albany, NY, 12208

About This Home

Open House: Sunday, April 26 | 10:00 AM - 1:00 PM Come experience the space and see the potential for yourself. Great investment opportunity in Albany! This updated two-family home offers strong rental income and is ideally located near Albany Medical Center, downtown Albany, and public transportation--making it highly attractive to tenants. Each unit features a spacious 3-bedroom, 2 full bathroom layout, a rare find in the Albany rental market. The property is currently generating approximately $3,700/month in rental income ($1,800 + $1,900), with potential to increase rents to $1,850-$1,950 per unit. Recent updates provide added value and peace of mind, including a fully renovated first-floor unit (2023), updated bathroom in the second-floor unit (2025), new water heater, maintenance-free front porch (2024), reinforced foundation (2024), attic insulation (2020), and a well-maintained slate roof. Located just minutes from Washington Park, Albany Med, hospitals, colleges, restaurants, and major employers, this property benefits from strong and consistent rental demand. Easy access to public transportation makes it ideal for tenants seeking convenience and accessibility. Perfect for investors looking for cash flow or owner-occupants interested in living in one unit and renting the other.