Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income.
The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.
First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26
Can be packaged with 3-unit 558 Washington Ave or sold separately.
Property Type(s):
Multi Family
|
Last Updated
|
3/3/2026
|
Year Built
|
1890
|
|
County
|
Albany
|
SCHOOLS
Price History
|
Prior to Feb 10, '26
|
$260,000 |
|
Feb 10, '26 - Mar 3, '26 |
$249,000 |
| Mar 3, '26 - Today |
$239,000 |
Additional Details
| BASEMENT |
Finished, Yes |
| CONSTRUCTION |
Vinyl Siding |
| EXTERIOR |
None |
| HEAT |
Baseboard, Hot Water, Natural Gas |
| LOT |
1742 sq ft |
| LOT DIMENSIONS |
0.04 |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
6741.88 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of New Scotland Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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