238 Ontario Street, Albany, NY 12203 (MLS# 202610430)

$239,000
238 Ontario Street
Albany, NY 12203
MLS# 202610430
Status: Pending
6 beds
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Property Description
Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income. The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market. First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26 Can be packaged with 3-unit 558 Washington Ave or sold separately.

Details
Maps
Documents
Contract Information
Original List Price: 260000
List Price/SqFt: 106.51
Status: Pending
Property Sub Type: Triplex
List Price: $239,000
Current Price: $239,000
Listing Contract Date: 2026-01-10
Location
City/Town (Mail): Albany
Street Number: 238
Street Name: Ontario
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.662199
Geo Lon: -73.780016
Property Detail
Rooms Total: 16
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2244
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2244
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 3
Year Built: 1890
Status Change Info
Proposed Closing Date: 2026-05-15
Status Change Date: 2026-03-26
Under Contract Date: 2026-03-26
Parcel, Tax, HOA
Parcel Number: 010100 65.61-2-28
Tax Annual Amount: 6741.88
Tax Section: 65.61
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 28.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Continue on Quail St for about 0.4 miles. Turn right onto Ontario St. Continue straight — 238 Ontario St will be on your left.
Public Remarks: Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income. The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market. First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26 Can be packaged with 3-unit 558 Washington Ave or sold separately.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Basement
Finished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Construction Materials
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
Agent to Accompany: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Bsmt
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 3
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 3
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Total Rooms MF Unit 3: 6
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 1
Property Features
Architectural Style: Traditional
Basement: Finished
Construction Materials: Vinyl Siding
Exterior Features: None
Heating: Baseboard; Hot Water; Natural Gas
Possession: At Closing
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Agent to Accompany
Special Listing Conditions: Standard
Water Source: Public
IDX
Listing Courtesy of New Scotland Realty
Listing Agent: Daniel Odabashian
917-650-1387 | dan@newscotlanddevelopment.com
Source MLS Verified

Information deemed reliable but not guaranteed.

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