117 4th Avenue, Albany, NY 12202
MULTI_FAMILY - Albany, NY
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 117 4th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 10
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 9, Bedroom 10, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2
- Window features
- Wood Frames, ENERGY STAR Qualified WIndows
- Interior features
- Paddle Fan, Built-in Features
- Fireplace
- 1
- Basement
- Full, Interior Entry
- Standard status
- Active
- APN
- 010100 76.65-2-56
- Size
- 3,835 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2130
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 3
- Flooring type
- Laminate, Vinyl
- Building materials
- Brick
- Roof type
- Rubber, Flat
Listing agent Richard Carr License #10491207486 (518) 488-2434
Listing office Carr Real Estate Group, LLC 79 Blue Jay Way, Rexford, NY (518) 488-2434
Listing date Jun 26, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- All‑brick triplex in downtown Albany built in 1880
- 10 total bedrooms across 3 apartments
- Previously remodeled units with updated kitchens and modern bathrooms
- Tenants pay their own heat, hot water, electric, and gas (separate utilities)
- 10 total bedrooms; units include fresh paint on the two currently vacant units for immediate occupancy
- Public water and public sewer; natural gas hot water/baseboard heat; cooling via window units; flat rubber roof
Overview
Two of the units are currently vacant, which the seller notes makes showings easier and supports quicker move-in scheduling. The brick exterior is described as low-maintenance, with recent repointing.
For buyers and operators seeking a residential income property with individually metered tenant utility responsibility, this triplex provides a clear three-unit structure and a largely refreshed interior package. With multiple units available, it may also appeal to house-hackers or owner-occupants looking to live in one unit while leasing the others.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.7k | $17.40 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $62.4k | $16.27 |
| − OpEx | −$18.7k | −$4.88 |
| NOI | $43.7k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.759373
- Latitude
- 42.639495
