New - 2 days on Rocket
$9,499 Closing Credit¹
#202511596, Carmella Richards, Listing Office: CM Fox Real Estate
$6,876
closing credit¹
40-42 Ontario St Albany, NY 12206
$579,000 List price
$6,876
Closing credit¹
12 beds
6 full
8,820 sqft
0.10 acres
$66 / sqft
Multi-Family
Property details
About 40-42 Ontario St
Income-producing 6-unit brick building in the heart of Albany! Fully rented and generating nearly $6,000/month in gross income, this property offers a solid investment opportunity. Low-maintenance brick exterior, long-term tenants, and prime location close to amenities, public transportation, and downtown. Don't miss this turnkey cash-flowing gem!
Highlights
Home typeMulti Family
HeatingElectric, Forced Air, Hot Water, Natural Gas
StatusActive
Size8,820 sqft
BasementYes
Lot size0.1 Acres
Year built1890
MLS #202511090
Summary
- MLS Number: 202511090
- MLS Name: Global MLS
- Office Name: Coldwell Banker Prime Properties
- Office Phone: (518) 439-9600
- Office Email: kirsten.blanchard@coldwellbankerprime.com
- Listing Agent: George Mossad
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/6/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$579,000
40-42 Ontario St
$6,876
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
4
New Scotland Elementary School
Public District PK-5
0.2 mi
•385 New Scotland Ave
6
Albany School of Humanities
Public Magnet PK-6
0.8 mi
•108 Whitehall Rd
2
Pine Hills Elementary School
Public District PK-5
1.0 mi
•41 N Allen St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,377. Typical income of Albany, NY residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
39%
<35k
39%
35k-100k
23%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
72%
Single, No Kids
7%
Single, with Kids
10%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
49%
18-34 yrs old
30%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Express/Express For Men
Forever 21
Banana Republic
Where do the neighbors go to eat?
Qdoba
Dominos Pizza
Sonic
What do the neighbors drive?
Volkswagen
Mazda
Infiniti
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Talk/Personality
All data provided by Home Junction and Claritas
Similar homes for sale
$8,538 Closing Credit¹
#202430933, Z. Ron Xiong, Listing Office: MJJ Realty
$7,659 Closing Credit¹
#202430695, Amjad Mughal, Listing Office: MJJ Realty
This home is located at 40-42 Ontario St in Albany, NY and zip code 12208 in the New Scotland / Woodlawn neighborhood. This 8,820 square foot home, which was built in 1890, sits on a 0.10 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 24, 2025 and is currently priced at $579,000.
In January 2025, from all listings sold in Albany, NY there were more than 32 sold above asking price, over 53 sold below and more than 16 were sold right at the asked price. The inventory of homes for sale in Albany, NY between December and January 2025 decreased by 16.2%. Listings spent 30 days on the market in January 2025, and had a median list price of $294,008 during the same period.
From Rocket Homes Real Estate and based on county public records data.