Bought with Garret P Hebert • Clancy Real Estate
$450,000
$424,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
257 Western Avenue Albany, NY 12203
5 Beds
3 Baths
2,550 SqFt
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $176
MLS Listing ID 202616546
Sold Date 07/22/26
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1890
Annual Tax Amount $4,850
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 17.50 x 116
Property Sub-Type Triplex
Source Global MLS
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.
Location
State NY
County Albany
Direction Western Avenue between Quail and Ontario.
Interior
Interior Features Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
Heating Baseboard, Natural Gas
Flooring Ceramic Tile, Hardwood, Laminate
Exterior
Exterior Feature None
Parking Features None
Roof Type Rubber
Porch Deck
Building
Lot Description Level
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 65.61-5-51
Special Listing Condition Standard
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