$290,000
Status: Contingent - Continue to Show
4 beds
1 / 26
Property Description
Great investment opportunity in the City of Rensselaer! This well-located triplex at 1016 3rd St is fully rented, offering immediate income from day one. Featuring separate units, this property is ideal for both seasoned investors and those looking to grow their portfolio. Conveniently located near downtown Albany, the Rensselaer train station, major highways, shopping, and dining, it's highly appealing to tenants. A solid income-producing asset with upside potential.
Details
Contract Information
Original List Price: 290000
List Price/SqFt: 123.93
Status: Contingent - Continue to Show
Property Sub Type: Triplex
List Price: $290,000
Current Price: $290,000
Listing Contract Date: 2026-05-07
Location
Postal Code +4: 1951
City/Town (Mail): Rensselaer
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2340
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2340
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 4
Bathrooms Full: 3
Year Built: 1880
Status Change Info
Proposed Closing Date: 2026-06-16
Status Change Date: 2026-05-13
Under Contract Date: 2026-05-12
Contingent: Contingent - Continue to Show
Parcel, Tax, HOA
Parcel Number: 381400 144.37-5-17
Tax Annual Amount: 4958.03
Tax Section: 144.37
Total Taxes Description: Actual
Tax Block: 5
Tax Lot: 17.000
School District: Rensselaer
Association Y/N: No
Directions & Remarks
Directions: From Washington Ave, take a left onto 3rd St, 0.7 miles,1016 3rd St is on the left.
Public Remarks: Great investment opportunity in the City of Rensselaer! This well-located triplex at 1016 3rd St is fully rented, offering immediate income from day one. Featuring separate units, this property is ideal for both seasoned investors and those looking to grow their portfolio. Conveniently located near downtown Albany, the Rensselaer train station, major highways, shopping, and dining, it's highly appealing to tenants. A solid income-producing asset with upside potential.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
100 Amp Service: 1
Circuit Breakers: 1
Fencing
Perimeter: 1
Financial Details
General Taxes: 737.06
General Taxes Description: Actual
School Taxes: 2300.06
School Taxes Description: Actual
Village Taxes: 1920.91
Village Taxes Description: Actual
Cooling
None: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Lot Features
Cleared: 1
Level: 1
Construction Materials
Brick: 1
Vinyl Siding: 1
Other Structures
Storage: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Other: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Wood: 1
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Occupied: 1
Pet(s) on Premises: 1
Restricted Days: 1
Restricted Hours: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Cable Connected: 1
Roof
Rubber: 1
Water Source
Public: 1
Foundation Details
Block: 1
Heating
Natural Gas: 1
Income And Expenses
Rental Income: 34200
Rental Income Description: Yearly
Electric Expense Description: Tenant
Total Income: 34200
Gas Expense Description: Tenant
Insurance Expense: 2183.94
Insurance Expense Description: Actual
Miscellaneous Expense: 1200
Water Sewer Expense: 400
Operating Expense: 8741.97
Net Operating Income: 25458.03
Parking Features
Parking Total: 6
Off Street: 1
Patio And Porch Features
Deck: 1
Owner Pays
Hot Water: 1
Sewer: 1
Water: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Gas: 1
Water Meter: 1
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Internet: 1
Unit Information
Number Of Refrigerators: 3
Number Of Stoves: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Flr
Monthly Rent MF Unit 1: 950
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
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
Hot Water: 1
Parking: 1
Sewer: 1
Trash: 1
Water: 1
Unit 1 Detail
Rent: 950
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Total Rooms Unit 1: 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 1 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 1 Amenities
Cable Available: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd Flr
Monthly Rent MF Unit 2: 950
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Hot Water: 1
Parking: 1
Sewer: 1
Trash: 1
Water: 1
Unit 2 Detail
Rent: 950
Rent Description Unit 2: Actual
Lease Term Unit 2: Month To Month
Total Rooms Unit 2: 5
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Total Full Baths: 1
Full Baths 2nd Floor: 1
Dining Rooms 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Other: 1
Refrigerator: 1
Stove: 1
Unit 2 Dining Room Type
Dining Area: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 2 Amenities
Cable Available: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd Flr
Monthly Rent MF Unit 3: 950
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Hot Water: 1
Parking: 1
Sewer: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Other: 1
Refrigerator: 1
Stove: 1
Unit 3 Detail
Rent: 950
Rent Description Unit 3: Actual
Lease Term Unit 3: Month To Month
Total Rooms Unit 3: 4
Total Bedrooms: 1
Bedrooms on 3rd Floor: 1
Total Full Baths: 1
Full Baths 3rd Floor: 1
Kitchens 3rd Floor: 1
Living Rooms 3rd Floor: 1
Other Rooms 3rd Floor: 1
Unit 3 Amenities
Cable Available: 1
Unit 3 Dining Room Type
Dining Area: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Property Features
Architectural Style: Traditional
Basement: Unfinished
Construction Materials: Brick; Vinyl Siding
Cooling: None
Electric: 100 Amp Service; Circuit Breakers
Exterior Features: Other
Fencing: Perimeter
Flooring: Carpet; Hardwood; Laminate; Wood
Foundation Details: Block
Heating: Natural Gas
Levels: Three Or More
Lot Features: Cleared; Level
Other Structures: Storage
Owner Pays: Hot Water; Sewer; Water
Parking Features: Off Street
Patio And Porch Features: Deck
Possession: At Closing
Roof: Rubber
Separate Utilities: Electric; Gas; Water Meter
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Occupied; Pet(s) on Premises; Restricted Days; Restricted Hours; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Internet
Utilities: Cable Available; Cable Connected
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Hot Water; Parking; Sewer; Trash; Water
Unit 1 Appliances: Range; Refrigerator; Oven
Unit 1 Amenities: Cable Available
Unit 2 Owner Furnish Features: Hot Water; Parking; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Other; Refrigerator; Stove
Unit 2 Dining Room Type: Dining Area
Unit 2 Appliances: Range; Refrigerator; Oven
Unit 2 Amenities: Cable Available
Unit 3 Owner Furnish Features: Hot Water; Parking; Sewer; Trash; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Other; Refrigerator; Stove
Unit 3 Amenities: Cable Available
Unit 3 Dining Room Type: Dining Area
Unit 3 Appliances: Range; Refrigerator; Oven
Listing Office: Miranda Real Estate Group Inc
Listing Agent: Sarah Weloth
518-258-8801 | buyorsellwithsweloth@gmail.com
518-258-8801 | buyorsellwithsweloth@gmail.com
Agent Email: buyorsellwithsweloth@gmail.com
Last Updated: May - 13 - 2026
Information deemed reliable but not guaranteed.