$289,900
Albany, NY 12210
MLS# 202617195
Status: Pending
4 beds
1 / 35
Property Description
** Multiple Offers - Best and Final for all offers due Sunday 5/24 by 12pm** This amazing 3 Unit is located in the Center of Downtown Albany! Each unit features modern updates, and a spacious floor plan. This is a solid investment for any investor looking for cash flow. Located in the heart of Albany, and within walking distance to the State Capital Buildings, Lark St, Washington Park, Downtown UAlbany Campus, amazing restaurants, shops, and easy access to highways. This Beautiful Brick Triplex is awaiting its new owner! 9.5% cap rate and 1.6 DSCR. Great positive cash flow after all expenses and mortgage.
Details
Maps
Documents
Contract Information
Original List Price: 289900
List Price/SqFt: 104.58
Status: Pending
Property Sub Type: Triplex
List Price: $289,900
Current Price: $289,900
Listing Contract Date: 2026-05-14
Location
City/Town (Mail): Albany
Street Number: 3
Street Name: Sherman
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
Geo Lat: 42.657496
Geo Lon: -73.762833
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2772
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2772
Lot Size Acres: 0.03
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 4
Bathrooms Full: 3
Year Built: 1900
Status Change Info
Proposed Closing Date: 2026-06-24
Status Change Date: 2026-05-27
Under Contract Date: 2026-05-24
Parcel, Tax, HOA
Parcel Number: 010100 65.80-1-10.3
Tax Annual Amount: 4291
Tax Section: 65.80
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 10.003
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Henry Johnson Blvd to Sherman St
Public Remarks: ** Multiple Offers - Best and Final for all offers due Sunday 5/24 by 12pm** This amazing 3 Unit is located in the Center of Downtown Albany! Each unit features modern updates, and a spacious floor plan. This is a solid investment for any investor looking for cash flow. Located in the heart of Albany, and within walking distance to the State Capital Buildings, Lark St, Washington Park, Downtown UAlbany Campus, amazing restaurants, shops, and easy access to highways. This Beautiful Brick Triplex is awaiting its new owner! 9.5% cap rate and 1.6 DSCR. Great positive cash flow after all expenses and mortgage.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Financial Details
General Taxes: 2051
General Taxes Description: Estimated
School Taxes: 2240
School Taxes Description: Estimated
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
Rental Agreement: 1
Exterior Features
None: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
No Disclosures: 1
Water Source
Public: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 42900
Rental Income Description: Actual
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Meter: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1125
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 Detail
Rent: 1125
Rent Description Unit 1: Actual
Lease Term Unit 1: 12 Months
Occupant Type Unit 1: Tenant
Total Bedrooms: 1
Bedrooms on 1st Floor: 1
Total Full Baths: 1
Full Baths 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1225
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1225
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 1
Bedrooms on 2nd Floor: 1
Total Full Baths: 1
Full Baths 2nd Floor: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd
Monthly Rent MF Unit 3: 1225
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Rent: 1225
Rent Description Unit 3: Actual
Lease Term Unit 3: 12 Months
Occupant Type Unit 3: Tenant
Total Bedrooms: 2
Bedrooms on 3rd Floor: 2
Total Full Baths: 1
Full Baths 3rd Floor: 1
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Brick
Exterior Features: None
Heating: Baseboard; Hot Water; Natural Gas
Possession: Rental Agreement
Separate Utilities: Electric; Gas; Heat; Water Meter
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: No Disclosures
Water Source: Public
PCD 
Listing Courtesy of Empire Real Estate Firm LLC
Listing Agent: Giovanni Lisi
518-396-7189 | gio@empirerealestatefirm.com
518-396-7189 | gio@empirerealestatefirm.com