Back 39 Exchange Street
Active

39 Exchange Street

Albany NY 12205

2
1
4
1200 sq. ft.
8276.4 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------ Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2026. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort. Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

Features

2 bedrooms
1 bathroom
4 carspaces
3 garage spaces
1200 sq. ft. floor area
8276.4 sq. ft. lot size
Single-Family

Property history for 39 Exchange Street

2025
Rented
Undisclosed
16 Jul 2025 by Crystin & Co Realty, LLC

Happy sellers in Albany

~%

We have insufficient information to provide an overview of customer satisfaction for Albany. Viewing the agent profiles, reviews and sales for Albany can provide insights for this location.

Local market activity for 2 bedroom single-family properties in Albany

In the last 12 months, 36 two-bedroom single-family properties similar to 39 Exchange Street, have been sold.

This represents a 2% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

© 2026 RateMyAgent