Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability.
Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property.
Can be packaged with 3-unit 238 Ontario St or sold separately.
Property Type(s):
Multi Family
|
Last Updated
|
1/13/2026
|
Year Built
|
1904
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Shingle Siding |
| EXTERIOR |
None |
| HEAT |
Natural Gas, Radiant |
| LOT |
3485 sq ft |
| LOT DIMENSIONS |
0.08 |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
5291.83 |
| 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.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email