97-99 Homestead, Albany, NY
Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!
Reviews
We worked with Garret Hebert on both the sale and purchase. He was attentive and gave great advice all along the way. Would do it the same if we had it to do again!
12/22/2025 - Wendy Rhodes
Was very impressed with Stephanie Kilmartin. Originally was planning on going with another Realtor until I met Stephanie. She listened to what we wanted, gave good advice, and worked with us. Would...
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12/05/2025 - Cathy Dabney
Stephanie made my home buying experience as simple and easy as possible, always available for help or to answer any questions I had. Could not recommend her expertise and commitment enough!
12/04/2025 - James Herrmann
Stephanie was absolutely amazing to work with. She was patient, knowledgeable, and genuinely cared about helping us find the right home. She always made time for our questions and walked us through...
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11/19/2025 - Madison Missenis
Sometimes, if you’re lucky, you end up working with someone who has passion for what they do, is highly motivated and on top of things, and has a good moral compass. That was Natalie for...
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11/03/2025 - Squidlit Ink.
I’ve been working with Deric for the past few months, and I can’t recommend him enough. What’s impressed me most is how responsive he’s been. Late-night texts, market updates, or sending over...
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10/23/2025 - Reece Dowd
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