This cash-flowing 2 unit property offers a strong rental history and is ideal for both seasoned and first-time investors. Each unit is separately metered, with tenants responsible for their own utilities. Conveniently located near the bus line, colleges, hospitals, and state offices.
Excellent investment or owner occupied property. Long rental history and great location, close to hospital, colleges and state buildings. 1st unit occupied, 2nd unit vacant for easy showings. Roof is 13 years old, main sewer line to the street was redone aprox. 6 years ago.
Global MLS #26100677
Jun 26, 2006
Sold
$70,000
$48/sq ft
Mar 29, 2006
Listing Removed
—
Jan 11, 2006
Listed
$79,900
$55/sq ft
Excellent Investment Opportunity, great cash flow, Well maintained with newer furnaces, great for owner occupancy. Owner says bring offers. Very Good Condition
Public Records
May 6, 2004
Sold
$60,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,341
$31,000 + $125,000
$156,000
2025
$4,341 (+0.9%)
$31,000 + $125,000
$156,000
2024
$4,303 (+51.0%)
$31,000 + $125,000
$156,000
2023
$2,849 (+1.5%)
$14,000 + $56,000
$70,000
2022
$2,807 (+0.9%)
$14,000 + $56,000
$70,000
2021
$2,782 (+0.4%)
$14,000 + $56,000
$70,000
2020
$2,771 (+5.6%)
$14,000 + $56,000
$70,000
2019
$2,624 (−1.4%)
$14,000 + $56,000
$70,000
2018
$2,662 (+0.7%)
$14,000 + $56,000
$70,000
2017
$2,644 (+2.4%)
$14,000 + $56,000
$70,000
2016
$2,582 (+0.6%)
$14,000 + $56,000
$70,000
2015
$2,567 (−1.0%)
$14,000 + $56,000
$70,000
2014
$2,592
$14,000 + $56,000
$70,000
Tax history for 125 Spring St
Year
Property tax
Land + Additions
Assessment*
2026
$4,341
$31,000 + $125,000
$156,000
2025
$4,341 (+0.9%)
$31,000 + $125,000
$156,000
2024
$4,303 (+51.0%)
$31,000 + $125,000
$156,000
2023
$2,849 (+1.5%)
$14,000 + $56,000
$70,000
2022
$2,807 (+0.9%)
$14,000 + $56,000
$70,000
2021
$2,782 (+0.4%)
$14,000 + $56,000
$70,000
2020
$2,771 (+5.6%)
$14,000 + $56,000
$70,000
2019
$2,624 (−1.4%)
$14,000 + $56,000
$70,000
2018
$2,662 (+0.7%)
$14,000 + $56,000
$70,000
2017
$2,644 (+2.4%)
$14,000 + $56,000
$70,000
2016
$2,582 (+0.6%)
$14,000 + $56,000
$70,000
2015
$2,567 (−1.0%)
$14,000 + $56,000
$70,000
2014
$2,592
$14,000 + $56,000
$70,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
2
Lot width
23 ft.
Lot depth
55 ft.
Lot size
1,210 Sq. Ft.
Year renovated
—
Sq. Ft.
1,456
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Albany County
APN
010100A06506200020320000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
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
May 25, 2023 • Final
Building - alteration
Remodel
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
Bathroom Information
# of Bathrooms (Full): 2
# of Bathrooms (Total Integer): 2
Bath Levels: Full Bath 1: 1st
Bath Levels: Full Bath 2: 2nd
Basement Information
Basement: Full, Unfinished
Multi-Family Information
# of Units (Total): 2
Tenant Pays: Hot Water, Electricity, Gas
Unit Type 1 Information
Total Rooms: 3
Total Bedrooms: 1
Total Bedrooms: 1
Total Full Baths: 1
Total Full Baths: 1
Unit Type 2 Information
Total Rooms: 3
Total Bedrooms: 1
Total Bedrooms: 1
Total Full Baths: 1
Total Full Baths: 1
Exterior
Exterior Features
Roof: Rubber
Fencing: Back Yard
Property Information
Property Sub Type: Duplex
Living Area: 1,456
Construction Materials: Wood Siding
Lot Information
Lot Size Acres: 0.03
Lot Size Square Feet: 1,306.8
Financial
Tax Information
Tax Annual Amount: $4,365
Tax Annual Amount: $4,365
Financial Details: General Taxes: $1,988
Financial Details: School Taxes: $2,377
Utilities
Heating & Cooling
Has Heating
Heating: Hot Water, Natural Gas
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
School Information
High School: Albany
School District: Albany
Location Information
Directions: Washington Ave or Western Ave to Quail St to Spring St
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,456
Stories: 2.0
Lot Size: 1,210 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Albany County
APN: 010100A06506200020320000000
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
84
66
81
59
76
54
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
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