$299,999
Albany, NY 12202
MLS# 202618421
6 beds
1 / 32
Property Description
Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth. Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment. Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.
Details
Maps
Contract Information
Original List Price: 299999
List Price/SqFt: 106.38
Status: Active
Property Sub Type: Triplex
List Price: $299,999
Current Price: $299,999
Listing Contract Date: 2026-05-29
Location
City/Town (Mail): Albany
Cross Street: Madison Ave.
Street Number: 72
Street Name: Grand
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
Subdivision: Mansion District
Geo Lat: 42.645814
Geo Lon: -73.75649
Property Detail
Rooms Total: 15
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2820
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2820
Fireplaces Total: 0
Zoning: Multi Residence
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 3
Year Built: 1875
Parcel, Tax, HOA
Parcel Number: 010100 76.49-3-79
Tax Annual Amount: 9000
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 79.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: From Madison Ave, turn left on Grand St. Destination is on your left.
Public Remarks: Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth.
Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms.
The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment.
Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area.
Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
Circuit Breakers: 1
Fencing
None: 1
Attic Features
None: 1
Cooling
None: 1
Basement
Full: 1
Interior Entry: 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
At Closing: 1
Exterior Features
None: 1
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Lockbox: 1
Occupied: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
View
Downtown: 1
Skyline: 1
Water Source
None: 1
Foundation Details
Brick/Mortar: 1
Heating
Baseboard: 1
Natural Gas: 1
Income And Expenses
Rental Income: 39900
Rental Income Description: Actual
Interior Features
Built-in Features: 1
High Speed Internet: 1
Stone Countertops: 1
Walk-In Closet(s): 1
Laundry Features
None: 1
Other Equipment
None: 1
Parking Features
None: 1
Patio And Porch Features
Deck: 1
Enclosed: 1
Rear Porch: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Levels
Three Or More: 1
Tri-Level: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Internet: 1
Window Features
Double Pane Windows: 1
Skylight(s): 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Fl
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1000
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Rent: 1000
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Bedrooms: 2
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd Fl
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1150
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1150
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 2
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd Fl
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1175
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Rent: 1175
Rent Description Unit 3: Actual
Lease Term Unit 3: 12 Months
Occupant Type Unit 3: Tenant
Total Bedrooms: 2
Unit 3 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Status Change Info
Status Change Date: 2026-05-29
Property Features
Architectural Style: Traditional
Attic Features: None
Basement: Full; Interior Entry
Construction Materials: Brick
Cooling: None
Electric: Circuit Breakers
Exterior Features: None
Fencing: None
Flooring: Carpet; Vinyl
Foundation Details: Brick/Mortar
Heating: Baseboard; Natural Gas
Interior Features: Built-in Features; High Speed Internet; Stone Countertops; Walk-In Closet(s)
Laundry Features: None
Levels: Three Or More; Tri-Level
Other Equipment: None
Owner Pays: Sewer; Trash Collection; Water
Parking Features: None
Patio And Porch Features: Deck; Enclosed; Rear Porch
Possession: At Closing
Roof: Flat
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent; Lockbox; Occupied; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat; Hot Water; Internet
Window Features: Double Pane Windows; Skylight(s)
View: Downtown; Skyline
Water Source: None
Unit 1 Appliances: Microwave; Range; Refrigerator
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 3 Appliances: Microwave; Range; Refrigerator
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Brianna Huynh
518-925-3431 | brianna.huynh@coldwellbankerprime.com
518-925-3431 | brianna.huynh@coldwellbankerprime.com