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45 2nd Avenue, 
Rensselaer, NY 12144

$289,000


6

Beds


2

Baths


2,004

Sq Ft


Multi-Family

Pending

Listed by

Dina Coluccio

Monticello

1 518-423-1916

Last updated:

February 27, 2026, 08:27 AM

MLS#

202611907

Source:

Global MLS

About This Home

45 2nd Avenue

Fantastic income-producing ($3200/mth) two-family home located on a quiet dead-end street in Rensselaer. Just a short 5-10 minute drive to major highways, Downtown Albany, and Regeneron Pharmaceuticals, this property offers both convenience and profit. Each unit is currently rented at $1,600 per month, and taxes are super low, generating excellent cash flow and a strong Net Operating Income and Return on Investment. The home has been thoughtfully updated, including fresh paint throughout, removed carpets and refinished hardwood floors, and newly built rear second-floor wood staircase, to name a few. Both units feature large eat-in kitchens, allowing the additional dining room space to be used as spacious primary bedrooms—a layout the current tenants are utilizing—making each unit effectively three bedrooms. Additional highlights include a generously sized fenced-in yard, walk in closet, separate tenant-paid utilities, and a detached garage with potential for additional rental income. Looking for owner occupancy? With month-to-month leases, this property offers flexibility, and the street is home to several owner-occupied residences. A fantastic opportunity for investors or owner-occupants alike. Don't wait to schedule a showing, this will probably go quickly. Some photos are virtually staged.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1900

Price Summary

289,000

$144 per Sq. Ft.

MLS #:

202611907

Last Updated:

February 27, 2026, 08:27 AM

Added:

22 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,004 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,004 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$289,000

Price per Sq. Ft:

$144 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.