Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth. Each unit features a spacious, nearly identical layout with oversized… Read More bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment. Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods. Read Less
Courtesy of Brianna Huynh (518-925-3431), Coldwell Banker Prime Properties.
Listing Snapshot
Days Online
11
Last Updated
Property Type
Triplex
Beds
6
Full Baths
3
Lot Size
0.05 Acres
Year Built
1875
MLS Number
202618421
30 Days Snapshot Of 12202
$177k
+15%
(avg) sold price
1
-66%
home sold
50
-72%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Full", "Interior Entry"
Building
Architectural Style: "Traditional", Construction Materials: "Brick", Living Area: 2,820, Number Of Units Total: 3, Year Built: 1875
Cooling
Cooling: "None"
Exterior Features
Features: "None", Other Equipment: "None", Patio And Porch Features: "Rear Porch", "Deck", "Enclosed", Patio And Porch Features: "Rear Porch", "Deck", "Enclosed"
Fence
Fencing: "None"
Floors
Flooring: "Vinyl", "Carpet"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Baseboard", "Natural Gas", Heating Included
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