558 Washington Avenue, Albany, NY 12203 (MLS# 202610506)

$325,000
558 Washington Avenue
Albany, NY 12203
MLS# 202610506
Status: Closed
7 beds
front
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Property Description
Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability. Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property. Can be packaged with 3-unit 238 Ontario St or sold separately.

Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Triplex
Original List Price: 325000
Sold Price: $325,000
Current Price: $325,000
Listing Contract Date: 2026-01-10
List Price/SqFt: 126.85
Location
Street Number: 558
Street Name: Washington
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
City/Town (Mail): Albany
Geo Lat: 42.664384
Geo Lon: -73.777226
Property Detail
Rooms Total: 17
Bedrooms Total: 7
Bathrooms Full: 3
Year Built: 1904
Above Grade Finished Area: 2562
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2562
Lot Size Acres: 0.08
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-04-06
Under Contract Date: 2026-02-02
Sold Date: 2026-03-27
Sold Price: $325,000
Sold Price/SqFt: 126.85
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Photos - the contractual owner of the photos
Photo Owner: Broker
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 3
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Shingle Siding
Exterior Features: None
Heating: Natural Gas; Radiant
Possession: At Closing
Roof: Asphalt; Shingle
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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