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Listed by Joseph P Cardinale • Howard Hanna Capital Inc

$ 425,000

Est. payment -/mo

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4 View Avenue Albany, NY 12209

5 Beds

3 Baths

3,145 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,145 sqft

Price per Sqft $135

MLS Listing ID 202626375

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1927

Annual Tax Amount $7,246

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Triplex

Source Global MLS

Property Description

With an estimated market cap rate of approximately 11.3%, and an indicated range of 10.2% to 13%, 4 View Avenue presents an attractive multifamily investment opportunity in Albany. This traditional brick property features three separate units, approximately 3,145 square feet of above-grade living space, and separate utilities. Whether you're an experienced investor or looking to owner-occupy while generating rental income, this property offers flexibility and potential.

The property consists of a spacious 3-bedroom first-floor unit and two additional 1-bedroom units, each with a full bathroom. The first-floor unit offers a welcoming entry, comfortable living room, generously sized dining room, kitchen, separate laundry room, full bathroom, and three bedrooms. The kitchen includes a refrigerator, wall oven, and dishwasher. Hardwood floors and approximately 9-foot ceilings add character and a spacious feel to the main living areas. One bedroom features a large walk-in cedar-lined closet, providing excellent storage.

A full, unfinished basement with exterior/walk-out access provides additional storage and utility space. The basement is equipped with dual sump pumps, including a backup system. The property is designed with separate utilities, including three gas meters, three electric panels, and three separate gas-fired hot water heating systems serving the units. Each electric panel is approximately 100 amps. Public water and public sewer serve the property.

The brick exterior and traditional architecture provide timeless appeal, while the three-unit configuration creates practical income-producing potential. Some asbestos is present and will require appropriate evaluation and handling.

Conveniently located in Albany, the property provides easy access to shopping, dining, transportation, employment centers, schools, downtown Albany, and the surrounding Capital Region.

Location

State NY

County Albany

Direction Take Rensselaer St and Morton Ave to View Ave

Interior

Heating Hot Water

Exterior

Exterior Feature None

Parking Features Off Street

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 010100 76.54-3-32

Special Listing Condition Standard

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