Some properties are investments… and others are full-scale opportunities.
This massive 19th-century Victorian building in Albany offers size, history, and serious upside for the right buyer.
If you’ve been searching for cheap historic homes, a large-scale investment property, or a unique restoration project, this one stands out immediately. With over 30 rooms and 22 bedrooms, the potential here is huge.
Imagine bringing a historic building back to life, whether as a multi-unit residence, rental income property, or something entirely creative. This isn’t just real estate—it’s a project with big vision.
Property Details
| Detail | Information |
|---|---|
| Price | $299,900 |
| Location | Albany, New York |
| Bedrooms | 22 |
| Bathrooms | 9 |
| Square Footage | 4,166 sqft (plus additional finished basement space) |
| Acreage | — |
Property Overview
This Victorian-era building is located in the historic Ten Broeck Triangle District, one of Albany’s most architecturally significant areas.
The property includes over 30 rooms, making it ideal for redevelopment into multiple units or a large residential project.
Zoned for residential townhouse use, the building allows for up to 3 separate units, offering flexibility for investors.
With eligibility for New York State Historic Tax Credits, this property presents a rare opportunity for buyers looking to restore and benefit financially.
Interior Features
Inside, the building offers a massive layout with 22 bedrooms and 9 full bathrooms, spread across multiple levels including a finished basement.
Historic details such as crown molding, cathedral ceilings, and built-in features still remain, showcasing the original craftsmanship.
Multiple kitchens and large common rooms provide a strong foundation for redevelopment into separate living spaces.
While the interior requires significant renovation, the scale and layout offer endless possibilities for customization.
Outdoor Features
While the focus is on the structure itself, the property is located within a historic neighborhood known for its classic architecture and urban charm.
The building’s presence and size make it a standout within the area, offering strong curb appeal once restored.
Included in the sale is an additional adjacent property, expanding the overall opportunity.
This is less about outdoor acreage and more about urban investment potential in a historic setting.
Location & Lifestyle
Albany, New York offers a mix of history, culture, and city living, making it an attractive location for both residents and investors.
The Ten Broeck Triangle Historic District is known for its preserved architecture and growing interest from buyers and developers.
This property is ideal for those looking to create a multi-unit investment, rental property, or large residential conversion.
For anyone searching for cheap historic buildings in New York with redevelopment potential, this property offers a rare opportunity.
Final Thoughts
Finding a 22-bedroom historic property with tax credit potential at this price is extremely rare. It’s a major project—but also a major opportunity.
This is not a simple renovation—it’s a full-scale restoration with the potential for significant return.
If you’ve been searching for historic investment properties, large fixer-uppers, or multi-unit opportunities, this one deserves serious attention. It’s big, bold, and full of potential.
Don’t forget to SHARE this property before you go.
If you need more info, contact the listing agent from the Zillow link below the photos.
Listed on Zillow