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257 Western Avenue, Albany, NY, 12203

5beds
3baths
2,550sqft
$424,900
$167price/sqft
$3,329/moest. monthly cost
$133,160/yrincome needed

About This Home

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.

Getting Around

88
WalkingVery Walkable
59
TransitGood Transit
68
BikeBikeable

Schools

4/10
Albany High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Rubber
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Triplex,Multi Family

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Apartment,Exterior Entry,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceiling Fan(s),High Speed Internet,Built-in Features,Ceramic Tile Bath,Crown Molding
  • Flooring: Ceramic Tile,Hardwood,Laminate
  • Finished area below ground: 850
  • Finished area above ground: 2,550

Heating

  • Heating features: Baseboard,Natural Gas

Interior Area

  • Total structure area: 2,550
  • Total interior livable area: 2,550 sqft

Property

Details

  • Parcel number: 65.61551
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Patio & porch: Deck
  • Exterior features: None

Lot

  • Lot size: 2,178 sqft
  • Features: Level

Parking

  • Parking features: None