Fully rented 2,472 SF two-family investment property producing $2,900/month in gross rental income with leases in place.

693 State Street, Albany, NY

$299,900

6 Beds

2 Baths

2 full

2472 SqFt

Fully rented 2,472 SF two-family investment property producing $2,900/month in gross rental income with leases in place. Located in a solid, proven rental area, this property offers immediate cash flow-just start collecting the rent from day one. A straightforward, low-friction acquisition ideal for investors seeking stabilized income with minimal lift. Property can be sold individually or as a package with 569 Washington Avenue, creating an excellent opportunity to scale a portfolio with multiple income-producing assets at once. Property to be sold as-is. Strong addition to any long-term or value-focused investment strategy.

Property Details

Property Type Residential Multi Family
Mls # 202610882
LotSize 0.05 acres
Property Subtype Other
Year Built 1900
Exterior Types aluminum siding
Heating Fuels natural gas,radiant
Num Of Floors 0
Roof Types asphalt
Floor Coverings Hardwood, Laminate
School District Albany

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Kevin Clancy
Kevin Clancy
Clancy Real Estate , Inc
Licensed Real Estate Broker
Clancy Real Estate
  • Albany, NY
  • Phone: 518-861-7016 ext 104
  • Office : 518-861-7016
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Visit me online at http://www.clancyrealestate.com

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Reviews

Google review

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
Google review

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...

Read more 12/05/2025 - Cathy Dabney
Google review

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
Google review

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...

Read more 11/19/2025 - Madison Missenis
Google review

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...

Read more 11/03/2025 - Squidlit Ink.
Google review

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...

Read more 10/23/2025 - Reece Dowd
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