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Three-Unit Multifamily Building

175 Eagle Street Albany, NY 12202

New
175 Eagle Street, Albany, NY, 12202
$368,000
For Sale
Claim this Listing
$368,000

MULTI_FAMILY - Other - Albany, NY

Property Size2,160 SF
Lot Size0.04 Acres
Price / SF$170.37
AddedJul 13
Days on Market2
Last RefreshJul 14 at 2:06 pm

Property Features for 175 Eagle Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Residence
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Interior features
Solid Surface Counters, High Speed Internet, Ceramic Tile Bath
Basement
Full
Standard status
Active
APN
010100 76.49-6-41
Size
2,160 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Annual Amount
4778

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Baseboard
Water source
Public

Building Details

Year built
1856
Number of units
3
Flooring type
Laminate, Hardwood, Vinyl, Linoleum
Building materials
Brick, Wood Siding
Roof type
Rubber
Architectural style
Other

Listing agent John S DiBlasi License #10491211230

Listing office DiBlasi Real Estate 1055 Western Ave, Albany, NY

Listing date Jul 13, 2026

MLS# 202621657 Listing URL

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.


Investment Insights

Based on property information with market context.

For sale at 175 Eagle Street, this well-maintained three-unit multifamily building is offered under Multi Residence zoning. The property includes hardwood floors and ceramic tile, with stainless steel appliances. Building updates include a newer boiler and a new hot water tank. Each unit features its own washer/dryer, along with a bonus room that can serve as office or storage.

Per the listing remarks, pictures show vacant units; however, all apartments are rented. The property is located within Albany’s historic Mansion District, just steps from the Governor’s Mansion, and minutes from downtown offices. It is also described as close to a neighborhood park.

The building is approximately 2,160 square feet on a 0.04-acre lot.

Key Highlights

  • 3‑unit property built in 1856 in Albany’s historic Mansion District
  • Hardwood floors plus ceramic tile baths and other flooring including linoleum, vinyl, and laminate
  • Each unit includes a washer/dryer and a bonus room for office/storage (etc.)

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 $37.6k $17.40
− Vacancy −$2.4k −$1.13
EGI $35.1k $16.27
− OpEx −$10.5k −$4.88
NOI $24.6k $11.39
2,160 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$351.4K
$307.5K – $410.0K (±1% cap)
NOI $24,599 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.7K (±1% cap)
NOI $22,064 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$569.9K
$498.6K – $664.9K (±1% cap)
NOI $39,891 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Skin Care Clinic Carpet & Flooring Store Pet Grooming Service Home Appliance Store Butcher Building Supply (Bike/Boat/Book/etc) Store Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained three-unit multifamily with hardwood, ceramic tile, stainless appliances, newer boiler, and in-unit washer/dryer.
Where is this triplex located?
The property is located at 175 Eagle Street Albany, NY.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: 3‑unit property built in 1856 in Albany’s historic Mansion District; Hardwood floors plus ceramic tile baths and other flooring including linoleum, vinyl, and laminate; Each unit includes a washer/dryer and a bonus room for office/storage (etc.)
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