$400,000
Albany, NY 12202
MLS# 202515599
Status: Closed
6 beds
1 / 26
Property Description
MULTIPLE OFFER DEADLINE: SUN 4/27 2PM Great opportunity for both investors and owner-occupants! This well-maintained multi-family features three units. Double Lot. Each unit has 2 bedrooms, 1 full bath and a private deck overlooking the back yard. Recently Paved off-street parking accommodates up to four vehicles. Unit 1 is currently rented month-to-month, while units 2 and 3 are active, turnkey Airbnb rentals. These short-term rental units can be sold fully furnished with google cameras and include a reliable long-term cleaner for seamless operation. Updates to the property since purchase in 2022: New washer and dryer, August locks, Mini Split A/C and heat pumps in each unit w/ electric baseboard supplemental.
Details
Maps
Documents
Contract Information
Original List Price: 349900
List Price/SqFt: 146.16
Status: Closed
Property Sub Type: Triplex
Sold Price: $400,000
Current Price: $400,000
Listing Contract Date: 2025-04-21
Location
City/Town (Mail): Albany
Street Number: 116
Street Name: Philip Street
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.644382
Geo Lon: -73.759628
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2394
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2394
Lot Size Dimensions: 21.3X103.8
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 3
Year Built: 1867
Status Change Info
Sold Price/SqFt: 167.08
Status Change Date: 2025-07-12
Under Contract Date: 2025-05-14
Sold Date: 2025-07-11
Sold Price: $400,000
Parcel, Tax, HOA
Parcel Number: 010100 76.57-1-65
Tax Annual Amount: 4786
Tax Section: 76.57
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 65.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Madison Ave to Philip St. In between Myrtle and Park.
Public Remarks: MULTIPLE OFFER DEADLINE: SUN 4/27 2PM
Great opportunity for both investors and owner-occupants! This well-maintained multi-family features three units. Double Lot. Each unit has 2 bedrooms, 1 full bath and a private deck overlooking the back yard. Recently Paved off-street parking accommodates up to four vehicles. Unit 1 is currently rented month-to-month, while units 2 and 3 are active, turnkey Airbnb rentals. These short-term rental units can be sold fully furnished with google cameras and include a reliable long-term cleaner for seamless operation. Updates to the property since purchase in 2022: New washer and dryer, August locks, Mini Split A/C and heat pumps in each unit w/ electric baseboard supplemental.
Sewer
Public Sewer: 1
Architectural Style
Garden Style: 1
Fencing
Back Yard: 1
Financial Details
General Taxes: 2.05
General Taxes Description: Actual
School Taxes: 2733
School Taxes Description: Actual
Attic Features
None: 1
Cooling
None: 1
Basement
Finished: 1
Full: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 2nd
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Hardwood: 1
Tile: 1
Showing Requirements
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Electric: 1
Heat Pump: 1
Laundry Features
Common Area: 1
Upper Level: 1
Parking Features
Parking Total: 4
Driveway: 1
Off Street: 1
Paved: 1
Patio And Porch Features
Rear Porch: 1
Owner Pays
Water: 1
Levels
Tri-Level: 1
Separate Utilities
Electric: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: garden
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Cable TV: 1
Central Air Conditioning: 1
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Parking: 1
Trash: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Cable TV: 1
Central Air Conditioning: 1
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Parking: 1
Sewer: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Cable TV: 1
Central Air Conditioning: 1
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Parking: 1
Sewer: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Unit 1 Detail
Rent: 900
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Bedrooms: 2
Total Full Baths: 1
Full Baths In Basement: 1
Kitchens In Basement: 1
Living Rooms In Basement: 1
Unit 2 Detail
Rent: 2300
Rent Description Unit 2: Estimated
Occupant Type Unit 2: Vacant
Total Bedrooms: 2
Total Full Baths: 1
Full Baths 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 3 Detail
Rent: 2300
Rent Description Unit 3: Estimated
Occupant Type Unit 3: Vacant
Total Bedrooms: 2
Total Full Baths: 1
Full Baths 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 1 Dining Room Type
Combined DR/LR: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 2 Dining Room Type
Combined DR/LR: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Oven: 1
Unit 3 Dining Room Type
Combined DR/LR: 1
Unit 3 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Oven: 1
Property Features
Architectural Style: Garden Style
Attic Features: None
Basement: Finished; Full; Walk-Out Access
Construction Materials: Brick
Cooling: None
Exterior Features: Garden
Fencing: Back Yard
Flooring: Hardwood; Tile
Heating: Electric; Heat Pump
Laundry Features: Common Area; Upper Level
Levels: Tri-Level
Owner Pays: Water
Parking Features: Driveway; Off Street; Paved
Patio And Porch Features: Rear Porch
Possession: At Closing
Roof: Rubber
Separate Utilities: Electric; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Cable TV; Central Air Conditioning; Electricity; Heat; Hot Water; Internet; Parking; Trash
Unit 1 Dining Room Type: Combined DR/LR
Unit 1 Appliances: Range; Refrigerator; Oven
Unit 2 Owner Furnish Features: Cable TV; Central Air Conditioning; Electricity; Heat; Hot Water; Internet; Parking; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Storage; Stove
Unit 2 Dining Room Type: Combined DR/LR
Unit 2 Appliances: Dishwasher; Range; Refrigerator; Oven
Unit 3 Owner Furnish Features: Cable TV; Central Air Conditioning; Electricity; Heat; Hot Water; Internet; Parking; Sewer; Trash; Water
Unit 3 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Storage
Unit 3 Dining Room Type: Combined DR/LR
Unit 3 Appliances: Dishwasher; Range; Refrigerator; Oven
Disclosures 
Listing Courtesy of KW Platform
Listing Agent: Nicholas Khachadourian
518-649-2989 | nickk@kw.com
518-649-2989 | nickk@kw.com
