$424,900
Albany, NY 12203
MLS# 202616546
Status: Pending
5 beds
1 / 52
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.
Details
Maps
Documents
Contract Information
Original List Price: 424900
List Price/SqFt: 166.63
Status: Pending
Property Sub Type: Triplex
List Price: $424,900
Current Price: $424,900
Listing Contract Date: 2026-05-06
Location
City/Town (Mail): Albany
Street Number: 257
Street Name: Western
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.662672
Geo Lon: -73.778696
Property Detail
Rooms Total: 11
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2550
Above Grade Finished Area Source: Public Records
Parking Y/N: No
Below Grade Finished Area: 850
Below Grade Finished Area Source: Public Records
Living Area: 2550
Lot Size Dimensions: 17.50 x 116
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 3
Year Built: 1890
Status Change Info
Proposed Closing Date: 2026-06-30
Status Change Date: 2026-05-13
Under Contract Date: 2026-05-11
Parcel, Tax, HOA
Parcel Number: 65.61-5-51
Tax Annual Amount: 4850.18
Tax Section: 65.61
Total Taxes Description: Estimated
Tax Block: 5
Tax Lot: 51
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Western Avenue between Quail and Ontario.
Public Remarks: 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.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Financial Details
General Taxes: 2548.52
General Taxes Description: Estimated
School Taxes: 2301.66
School Taxes Description: Estimated
Basement
Apartment: 1
Exterior Entry: 1
Finished: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 2nd
Lot Features
Level: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Laminate: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Natural Gas: 1
Income And Expenses
Rental Income: 52200
Rental Income Description: Estimated
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
Crown Molding: 1
High Speed Internet: 1
Paddle Fan: 1
Stone Countertops: 1
Laundry Features
In Basement: 1
Parking Features
None: 1
Patio And Porch Features
Deck: 1
Owner Pays
Sewer: 1
Water: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Unit Information
Number Of Refrigerators: 3
Number Of Stoves: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Basement
Unit Available MF Unit 1: Vacant
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1400
Rent Desc. MF Unit 1: Estimated
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Sewer: 1
Water: 1
Unit 1 Detail
Rent: 1400
Rent Description Unit 1: Estimated
Occupant Type Unit 1: Vacant
Kitchen Unit 1: Eat In
Total Bedrooms: 1
Bedrooms In Basement: 1
Total Full Baths: 1
Full Baths In Basement: 1
Kitchens In Basement: 1
Living Rooms 1st Floor: 1
Unit 1 Dining Room Type
None: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Amenities
Ceramic Tile: 1
High Speed Internet: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1300
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Water: 1
Unit 2 Detail
Rent: 1300
Rent Description Unit 2: Actual
Occupant Type Unit 2: Tenant
Kitchen Unit 2: Eat In
Total Rooms Unit 2: 3
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Full Baths 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 2 Dining Room Type
None: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Amenities
Ceramic Tile: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: FL 2&3
Monthly Rent MF Unit 3: 1500
Rent Desc. MF Unit 3: Estimated
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Sewer: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 3 Detail
Rent: 1650
Rent Description Unit 3: Estimated
Occupant Type Unit 3: Vacant
Total Bedrooms: 3
Bedrooms on 2nd Floor: 1
Bedrooms on 3rd Floor: 2
Full Baths 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 3 Amenities
Ceramic Tile: 1
High Speed Internet: 1
Unit 3 Dining Room Type
Dining Area: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Traditional
Basement: Apartment; Exterior Entry; Finished; Walk-Out Access
Construction Materials: Brick
Exterior Features: None
Flooring: Ceramic Tile; Hardwood; Laminate
Heating: Baseboard; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; Crown Molding; High Speed Internet; Paddle Fan; Stone Countertops
Laundry Features: In Basement
Levels: Three Or More
Lot Features: Level
Owner Pays: Sewer; Water
Parking Features: None
Patio And Porch Features: Deck
Possession: At Closing
Roof: Rubber
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Heat; Hot Water; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Water
Unit 1 Dining Room Type: None
Unit 1 Appliances: Range; Refrigerator
Unit 1 Amenities: Ceramic Tile; High Speed Internet
Unit 2 Owner Furnish Features: Sewer; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Dining Room Type: None
Unit 2 Appliances: Range; Refrigerator
Unit 2 Amenities: Ceramic Tile
Unit 3 Owner Furnish Features: Sewer; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Amenities: Ceramic Tile; High Speed Internet
Unit 3 Dining Room Type: Dining Area
Unit 3 Appliances: Range; Refrigerator
PCD 
Listing Courtesy of Clancy Real Estate
Listing Agent: Kevin Clancy
518-461-9937 | kclancy514@gmail.com
518-461-9937 | kclancy514@gmail.com
