$450,000
Rensselaer, NY 12144
MLS# 202522456
Status: Closed
9 beds

1 / 65
Property Description
Prime Investment Opportunity with Exceptional Cash Flow Potential! Discover this expansive **4-family home**, a rare find offering an incredible amount of **square footage** designed for comfortable living and maximized rental income. Investors and owner-occupants, take note: with **one vacant apartment** ready for immediate occupancy or new tenants, and **three units currently tenant-occupied**, you can start generating income right away! Each of the 4 spacious apts boasts its own **in-unit laundry**, a highly sought-after amenity that adds significant value and tenant appeal. Parking is a breeze with space for **8 cars**, a huge advantage in any urban setting. Plus, a pleasant *side yard*provides valuable outdoor space for residents. Strategically located minutes to Downtown Albany
Details
Maps
Documents
Contract Information
Original List Price: 425000
List Price/SqFt: 101.43
Status: Closed
Property Sub Type: Quadruplex
Sold Price: $450,000
Current Price: $450,000
Listing Contract Date: 2025-07-25
Location
City/Town (Mail): Rensselaer
Street Number: 1496-1498
Street Name: 3rd
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12144
Geo Lat: 42.653991
Geo Lon: -73.732151
Property Detail
Rooms Total: 21
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4190
Above Grade Finished Area Source: Plans
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 4190
Lot Size Acres: 0.17
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Bedrooms Total: 9
Bathrooms Full: 4
Year Built: 1830
Status Change Info
Sold Price/SqFt: 107.4
Status Change Date: 2025-09-26
Under Contract Date: 2025-07-30
Sold Date: 2025-09-25
Sold Price: $450,000
Parcel, Tax, HOA
Parcel Number: 381400 144.22-6-1
Tax Annual Amount: 13396.29
Tax Section: 144.22
Total Taxes Description: Estimated
Tax Block: 6
Tax Lot: 1.000
School District: Rensselaer
Association Y/N: No
Directions & Remarks
Directions: I90 Exit 7 right onto Washington Ave Left onto 3rd St house is on the left side
Public Remarks: Prime Investment Opportunity with Exceptional Cash Flow Potential!
Discover this expansive **4-family home**, a rare find offering an incredible amount of **square footage** designed for comfortable living and maximized rental income. Investors and owner-occupants, take note: with **one vacant apartment** ready for immediate occupancy or new tenants, and **three units currently tenant-occupied**, you can start generating income right away!
Each of the 4 spacious apts boasts its own **in-unit laundry**, a highly sought-after amenity that adds significant value and tenant appeal. Parking is a breeze with space for **8 cars**, a huge advantage in any urban setting. Plus, a pleasant *side yard*provides valuable outdoor space for residents. Strategically located minutes to Downtown Albany
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Fencing
Wood: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Lot Features
Cleared: 1
Corner Lot: 1
Level: 1
Construction Materials
Brick: 1
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Carpet: 1
Hardwood: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Interior Features
High Speed Internet: 1
Laundry Features
Main Level: 1
Upper Level: 1
Parking Features
Parking Total: 8
Driveway: 1
Stone: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Levels
Two: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Heat: 1
Internet: 1
Unit Information
Number Of Dryers: 2
Number Of Refrigerators: 4
Number Of Stoves: 4
Number Of Washers: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1N
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1050
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1S
Occupant Type MF Unit 2: Vacant
Monthly Rent MF Unit 2: 1200
Rent Desc. MF Unit 2: Estimated
Lease Term MF Unit 2: None
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2N
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1200
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 7
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Includes
Bathroom: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2S
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1025
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 6
Total Bedrooms MF Unit 4: 3
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Parking: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Unit 1 Detail
Rent: 1050
Rent Description Unit 1: Actual
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Eat In
Total Bedrooms: 2
Unit 2 Detail
Rent: 1200
Rent Description Unit 2: Estimated
Occupant Type Unit 2: Vacant
Total Bedrooms: 1
Unit 3 Detail
Rent: 1025
Rent Description Unit 3: Actual
Occupant Type Unit 3: Tenant
Total Bedrooms: 3
Unit 4 Detail
Rent: 1200
Rent Description Unit 4: Actual
Occupant Type Unit 4: Tenant
Total Bedrooms: 3
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Brick; Vinyl Siding
Cooling: None
Exterior Features: None
Fencing: Wood
Flooring: Carpet; Hardwood; Vinyl
Heating: Baseboard; Hot Water; Natural Gas
Interior Features: High Speed Internet
Laundry Features: Main Level; Upper Level
Levels: Two
Lot Features: Cleared; Corner Lot; Level
Owner Pays: Sewer; Trash Collection; Water
Parking Features: Driveway; Stone
Possession: At Closing
Roof: Rubber
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat; Internet
Utilities: Cable Connected
Water Source: Public
Unit 1 Includes: Bathroom; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 2 Includes: Bathroom; Dining Room; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 3 Includes: Bathroom; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 4 Owner Furnish Features: Parking; Trash; Water
Unit 4 Includes: Bathroom; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Listing Courtesy of KW Platform
Listing Agent: Christina Hennessy
518-257-0233 | chennessy@kw.com
518-257-0233 | chennessy@kw.com


Home Report Floor Plan