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Listed by Daniel Odabashian • New Scotland Realty
$ 260,000
Est. payment /mo
New
238 Ontario Street Albany, NY 12203
6 Beds
3 Baths
2,244 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $115
MLS Listing ID 202610430
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1890
Annual Tax Amount $6,741
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Triplex
Source Global MLS
Property Description
Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 7% + cap rate, making it an excellent opportunity for investors seeking reliable income.
The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.
The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.
Location
State NY
County Albany
Direction Continue on Quail St for about 0.4 miles. Turn right onto Ontario St. Continue straight — 238 Ontario St will be on your left.
Interior
Heating Baseboard, Hot Water, Natural Gas
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 65.61-2-28
Special Listing Condition Standard

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