Updated Triplex with
For Sale
$357,000
Pending
53 Pleasantview Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,024 SF
Lot Size0.08 Acres
Days on Market42
Property Features for 53 Pleasantview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Parking
3
Parking features
Driveway
Basement
Apartment, Finished, Full
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
010100 64.29-2-80
Size
2,024 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7659
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Baseboard, Hot Water(Heating)
Water source
Public
Amenities
coin-operated washer and dryer
Building Details
Year built
1950
Number of units
3
Flooring type
Laminate, Linoleum, Hardwood, 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 12
Last Checked: Oct 6 at 12:06AM
MLS# 202624840
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 two upper-level apartments and a lower-level unit. Each upper apartment includes two bedrooms, one full bathroom, a living room, kitchen, dining area, and hardwood flooring. The lower apartment provides one bedroom, one bathroom, and a living area. Building improvements include a new roof and updated windows, while heating is provided by two boilers and a new forced-air furnace. The property was built in 1950 and sits on 0.08 acres.
Convenience features include newer coin-operated laundry equipment in the basement and three dedicated parking spaces, with one assigned to each unit. Public water and public sewer serve the property. The building is located a short distance from SUNY and local hospitals in Albany.
Convenience features include newer coin-operated laundry equipment in the basement and three dedicated parking spaces, with one assigned to each unit. Public water and public sewer serve the property. The building is located a short distance from SUNY and local hospitals in Albany.
Key Highlights
- Three‑unit building with two 2‑bedroom upper apartments and a 1‑bedroom lower apartment
- 2,024 square feet on a 0.08‑acre lot
- New roof and updated windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,050
Cap Rate
6.46%
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 6.46%
Second Best
Apartment 5plus
$295.4K
$258.4K – $344.6K
NOI $20,675 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$534.0K
$467.2K – $623.0K
NOI $37,379 @ 7.0% cap · market cap 10.47%
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three-unit residential property near SUNY and local hospitals, with separate apartments, updated building components, and basement laundry.
Where is this triplex located?
The property is located at 53 Pleasantview Avenue Albany, NY.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: Three‑unit building with two 2‑bedroom upper apartments and a 1‑bedroom lower apartment; 2,024 square feet on a 0.08‑acre lot; New roof and updated windows
