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Listed by Kevin Clancy • Clancy Real Estate

$ 424,900

Est. payment | -/mo

5 Beds

3 Baths

2,550 SqFt

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$ 424,900

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

2,550 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $166

MLS Listing ID 202616546

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1890

Annual Tax Amount $4,850

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 17.50 x 116

Property Sub-Type Triplex

Source Global MLS

Property Description

Excellent opportunity to own a fully renovated 3-unit investment property in one of Albany's strongest rental corridors! 257 Western Ave has been renovated from top to bottom, including major improvements such as rebuilt fire escapes, new plumbing, electric and new hot water tanks. Great opportunity for investors - a turn-key asset with significant upside potential. Two units are currently vacant, and the third unit will be vacated at the end of May, creating the rare opportunity for an owner to place their own tenants at current market rents and maximize cash flow from day one. Separate utilities keep operating expenses streamlined for ownership. Located in a high-demand rental area near colleges, hospitals, restaurants, shopping, public transportation and downtown Albany. Whether you are looking to expand your portfolio or owner occupy while generating income, this property checks all the boxes. Showings begin Saturday 5/9.

Location

State NY

County Albany

Direction Western Avenue between Quail and Ontario.

Interior

Interior Features Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding

Heating Baseboard, Natural Gas

Flooring Ceramic Tile, Hardwood, Laminate

Exterior

Exterior Feature None

Parking Features None

Roof Type Rubber

Porch Deck

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 65.61-5-51

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=PPRByU5zrFy&brand=0

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

257 Western Avenue Albany, NY 12203