Two family in student area with driveway for parking. Leased through end of May. All separate utilities paid by tenants. Good investment property. Very Good Condition
Multi-familyProperty Type
1900Year Built
1,500 sq ftLot Size
$146Est. Price/Sq.Ft.
2 spacesParking
Listing by Julia Rosen• Berkshire Hathaway Home Services Blake
Bought with Brian McKenna• Berkshire Hathaway Home Services Blake
Source:Global MLS #24104102
Redfin Estimate
$221,475
$179K since sold in August 2017$7,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 33.9% higher than the average sale price ($165K) of 6 comparable homes.
Two family in student area with driveway for parking. Leased through end of May. All separate utilities paid by tenants. Good investment property. Very Good Condition
Year
Property tax
Land + Additions
Assessment*
2026
$4,392
$31,600 + $126,400
$158,000
2025
$4,392 (+0.9%)
$31,600 + $126,400
$158,000
2024
$4,354 (+102.4%)
$31,600 + $126,400
$158,000
2023
$2,151 (+1.4%)
$12,800 + $37,200
$50,000
2022
$2,121 (+0.9%)
$12,800 + $37,200
$50,000
2021
$2,103 (+0.4%)
$12,800 + $37,200
$50,000
2020
$2,095 (+11.8%)
$12,800 + $37,200
$50,000
2019
$1,875 (−1.4%)
$12,800 + $37,200
$50,000
2018
$1,902 (−10.7%)
$12,800 + $37,200
$50,000
2017
$2,130 (−8.5%)
$12,800 + $37,200
$50,000
2016
$2,329 (−38.1%)
$12,800 + $37,200
$50,000
2015
$3,763 (−1.0%)
$12,800 + $37,200
$50,000
2014
$3,800
$20,500 + $82,100
$102,600
Tax history for 118 Spring St
Year
Property tax
Land + Additions
Assessment*
2026
$4,392
$31,600 + $126,400
$158,000
2025
$4,392 (+0.9%)
$31,600 + $126,400
$158,000
2024
$4,354 (+102.4%)
$31,600 + $126,400
$158,000
2023
$2,151 (+1.4%)
$12,800 + $37,200
$50,000
2022
$2,121 (+0.9%)
$12,800 + $37,200
$50,000
2021
$2,103 (+0.4%)
$12,800 + $37,200
$50,000
2020
$2,095 (+11.8%)
$12,800 + $37,200
$50,000
2019
$1,875 (−1.4%)
$12,800 + $37,200
$50,000
2018
$1,902 (−10.7%)
$12,800 + $37,200
$50,000
2017
$2,130 (−8.5%)
$12,800 + $37,200
$50,000
2016
$2,329 (−38.1%)
$12,800 + $37,200
$50,000
2015
$3,763 (−1.0%)
$12,800 + $37,200
$50,000
2014
$3,800
$20,500 + $82,100
$102,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
MU-FM
CS-O
Mixed-Use Form-Based Midtown District
The purpose of the MU-FM District is to create a cohesive and mutually supportive mixed-use neighborhood around the University of Albany Downtown Campus, to improve the appearance of that area, to ensure a vibrant atmosphere for students and residents alike, and to protect residential uses surrounding the Downtown Campus from potential adverse impacts of a large and growing university campus.
Zone overlays
Combined Sewer Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Fire house
Police station
Park & open space
Sep 25, 2019 • Final
Plumbing (r) - plumbing
Plumbing
Aug 27, 2019 • Final
Electrical (r) - residential repair
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Type: Full
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Fuel Type: Oil
Heating Type: Hot Water Steam
Exterior
Exterior Information
Physical Condition: Fair
Building Style Type: Row House
Exterior Wall: Aluminum/Vinyl
Property Information
Living Sq. Ft: 1,520
Ground Floor Sq. Ft: 760
# of Stories: 2
Legal Description: 2 WOOD-COMP 0602509
Lot Information
# of Buildings: 1
Land Sq. Ft: 1,500
Legal Lot Number: 31
Legal Block Number: 3
Municipality Name: ALBANY
Acres: 0.0344
Depth Footage: 60
Front Footage: 25
Zoning Code: R2B
State Use Description: 2 FAMILY RESID
Utility Information
Sewer Type: Commercial
Water Service Type: Commercial
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 6
Baths: 2.0
Sq. Ft.: 1,520
Stories: 2.0
Lot Size: 1,500 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Albany County
APN: 010100A06506200030310000000
Home facts updated by county records on Aug 14, 2026
Around this home
Schools
Roots Academy at West Hill
Public PreK-5 • Assigned • 0.4mi
2/10
NORTH ALBANY ACADEMY MIDDLE SCHOOL
Public 6-8 • Assigned • 1.9mi
2/10
Albany High School
Public 9-12 • Assigned • 0.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 17 days in 30 years
3/10 Wind Factor
6% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Albany, NY • 12203
Average low and high temperatures (°F)
30
18
33
19
51
31
61
41
69
51
80
60
86
67
81
59
77
55
64
44
50
35
35
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 3.5 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$211,000 – $255,000
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