Shelly Nichols
Licensed Real Estate Salesperson
REALTOR®
Sidney, NY
Office: (607) 604-4394 (607) 437-6317
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51 Elm Street, Albany, NY 12202

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$850,000 Active
9 Beds 0 Baths 0 Partial Bath 7,488 Sq Ft 0.06 Acres
Year Built 1920 School Albany MLS #202629427
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Property Description

Prime investment opportunity in the heart of Albany's Historic Mansion District. This brick 10-unit offers 7,488 square feet of income-producing space in a strong rental area with quick access to restaurants, parks, shopping, colleges, hospitals, and public transportation. Situated just minutes from downtown and major employers. Designed for efficient ownership, the property features a low-maintenance profile and the potential to provide investors with a steady, diversified income stream across multiple units. Its convenient location and established rental appeal make it a compelling addition to any portfolio. Tenants are responsible for gas stoves and electric, Landlord pays for gas heat.

51 Elm Street | MLS# 202629427

This multi-family property located at 51 Elm Street, Albany, NY 12202 is currently listed for sale with an asking price of $850,000. Elm Street is located within the Albany school district. Search Albany real estate on shelly-nichols.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Heating: Hot Water, Radiant, Natural Gas
Home Style: Apartment 4 Plus Unit
Lot Size: 0.06 Acres
Roof Type: Flat, Rubber
Taxes: $16,350
Year Built: 1920

Feature Descriptions

Exterior: Brick
Exterior: None
Flooring: Ceramic Tile, Hardwood, Laminate
Interior: Ceramic Tile Bath
Parcel #: 010100 76.49-1-19
Parking Total: 0
Patio/Porch: Deck
Security: Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s), Fire Alarm
Sewer: Public Sewer
SQFT Above Grade Finished: 7488
Water: Public

Local Schools

High School: Albany
School District: Albany
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51 Elm Street, Albany, NY 12202

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Estimated Payment

$ 3,502.15 per month $1,891.73 Principal & Interest $1,362.50 Property Tax $247.92 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Heritage Hill Realty
Agency Phone: 1 518-629-5897

Shown By

Agent Name: Shelly Nichols
Agent Phone: (607) 437-6317
Agency Title: Timberland Properties

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Shelly Nichols
Shelly Nichols Licensed Real Estate Salesperson Cell: (607) 437-6317 Email Me
All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/03/2026. The listing information on this page last changed on 11/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 11/03/2026 12:00:14 AM EST) or Global MLS (last updated Mon 11/02/2026 11:52:43 PM EST) or New York State Alliance MLS (last updated Mon 11/02/2026 11:59:03 PM EST) or Hudson Valley Catskill Region MLS (last updated Mon 11/02/2026 11:51:20 PM EST) or OneKey MLS (last updated Mon 11/02/2026 11:53:26 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.
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