Updated Three-Unit
For Sale
$387,000
Pending
51 Pleasantview Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,024 SF
Lot Size0.08 Acres
Days on Market42
Property Features for 51 Pleasantview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Parking
3
Parking features
Driveway
Basement
Apartment, Interior Entry, Finished
Lot features
Level
Elementary school
Eagle Point
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Western Ave, to Magazine Street to Pleasant View Ave
Standard status
Pending
APN
64.29-2-79.01
Size
2,024 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7589
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Natural Gas
Water source
Public
Amenities
coin-operated washer and dryer
Building Details
Year built
1950
Number of units
3
Flooring type
Hardwood, Laminate, Tile - Ceramic
Building materials
Aluminum Siding, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 286-1000
Listed By:
Daisy L Hamilton Blair · License #10301214491
(518) 275-9486
Added: Aug 26
Changed: Sep 21
Last Checked: Oct 6 at 12:06AM
MLS# 202624844
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.
This 2,024-square-foot triplex contains three residential units within a 1950 building. The two upper apartments each include two bedrooms, one bathroom, a living room, kitchen, dining area, and hardwood flooring. A one-bedroom, one-bathroom apartment occupies the lower level and has been updated. One of the two-bedroom units is vacant. Improvements include a newer roof, replacement windows, newer appliances, and a newer coin-operated washer and dryer in the basement.
Each apartment has one dedicated parking space, with driveway parking provided on the 0.08-acre property. The building has aluminum and brick exterior materials, asphalt roofing, public water, public sewer, and natural gas heating through baseboard and forced-air systems. The property is located in Albany near SUNY and local hospitals.
Each apartment has one dedicated parking space, with driveway parking provided on the 0.08-acre property. The building has aluminum and brick exterior materials, asphalt roofing, public water, public sewer, and natural gas heating through baseboard and forced-air systems. The property is located in Albany near SUNY and local hospitals.
Key Highlights
- Three‑unit triplex with 2,024 square feet on a 0.08‑acre lot
- Two upper apartments feature two bedrooms and one bathroom each
- Lower‑level apartment has one bedroom, one bathroom, and updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,050
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,000
$461.0K
Cap Rate 7%
$329,286
$329.3K
Cap Rate 9%
$256,111
$256.1K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$35.2K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.9K $16.27/SF
− OpEx
−$9.9K −$4.88/SF
NOI
$23.0K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,000
Cap Rate 7%
$329,286
Cap Rate 9%
$256,111
Alternative Uses
Best Use
Multifamily LT 5
$329.3K
$288.1K – $384.2K
NOI $23,050 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$295.4K
$258.4K – $344.6K
NOI $20,675 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$534.0K
$467.2K – $623.0K
NOI $37,379 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Two upper apartments offer two-bedroom layouts, while a renovated lower unit adds flexible occupancy options.
Where is this triplex located?
The property is located at 51 Pleasantview Avenue Albany, NY.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,024 square feet on a 0.08‑acre lot; Two upper apartments feature two bedrooms and one bathroom each; Lower‑level apartment has one bedroom, one bathroom, and updated interiors
