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Albany, NY 12203 · Albany County
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.
Albany is in Albany County, NY. There are currently 183 active listings here, ranging from $15,600 to $8,000,000.
See Sharon's Albany community guide23 facts about this property
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New Scotland Realty · Listed by Daniel Odabashian (31431)
Contact: 917-650-1387
MLS #202610506 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Activity across 3 MLS listings of this property.
