Turnkey Albany Investment
64 Elm Street Albany, NY 12203
64 Elm Street, Albany, NY, 12203
$529,900
Pending
For Sale
$529,900
Pending
MULTI_FAMILY - Other - Albany, NY
Property Size3,680 SF
Lot Size0.04 Acres
Days on Market85
Property Features for 64 Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 1
- Window features
- Skylight(s)
- Interior features
- Solid Surface Counters, Paddle Fan, High Speed Internet, Sauna, Built-in Features, Ceramic Tile Bath, Crown Molding
- Fireplace
- 1
- Basement
- Interior Entry, Walk-Out Access, Apartment, Finished
- Standard status
- Pending
- APN
- 010100 76.49-1-40
- Size
- 3,680 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7573
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1858
- Number of units
- 3
- Flooring type
- Wood, Tile - Ceramic, Carpet
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agency
Clancy Real Estate
(518) 861-7016
Listed by
Kevin Clancy · License #37CL1081409
(518) 461-9937
Added: Apr 29 Updated: Jun 30 at 2:29PM Checked: Jul 22 at 12:06PM
MLS# 202616010
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 turnkey three-unit property on Elm Street in Albany, New York, presents an investment opportunity with income potential and options for owner-occupancy. The property features a common furnace, separate laundry hookups in each unit, and a fully fireproofed basement unit compliant with Albany codes. The main unit showcases Italianate charm with modern updates, including vaulted ceilings, a skylight, exposed brick and beams, hardwood floors, a wood-burning fireplace, and an updated kitchen with Jenn-Air appliances. Spa-like features include a whirlpool tub and sauna. The property includes views, a private patio, and a backyard with mature trees and wildlife. Street parking is available nearby. The property is located close to the Governors mansion. The lot size is 0.04 acres, and the property size is 3,680 square feet. This property is suitable for investors seeking cash flow or owner-occupants looking to offset their mortgage with rental income.
Key Highlights
- 3‑unit property at 64 Elm Street built in 1858 with brick construction
- Common furnace for simplified maintenance, plus separate laundry hookups in each unit
- Fully fireproofed basement unit compliant with current Albany codes
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 | $64.0k | $17.40 |
| − Vacancy | −$4.2k | −$1.13 |
| EGI | $59.9k | $16.27 |
| − OpEx | −$18.0k | −$4.88 |
| NOI | $41.9k | $11.39 |
3,680 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.7K
$523.9K – $698.5K
NOI $41,909 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$537.0K
$469.9K – $626.5K
NOI $37,591 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$970.9K
$849.5K – $1.13M
NOI $67,962 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with income potential and owner-occupant options.
Where is this triplex located?
The property is located at 64 Elm Street Albany, NY.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 3‑unit property at 64 Elm Street built in 1858 with brick construction; Common furnace for simplified maintenance, plus separate laundry hookups in each unit; Fully fireproofed basement unit compliant with current Albany codes
