Well-Maintained Three-Family
For Sale
$429,000
Pending
669 Washington Avenue, Albany, NY 12206
MULTI_FAMILY - Albany, NY
Property Size3,070 SF
Lot Size0.09 Acres
Days on Market200
Property Features for 669 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3
Parking
4
Parking features
Garage, Driveway
Patio and Porch features
Porch
Interior features
Paddle Fan
Basement
Full, Exterior Entry, Interior Entry
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Heading east on Washington Ave. towards Albany, past Main Ave, house is on the left side, directly in front of Albany HS. Heading west on Washington Ave., past Partridge St., the house is on the right side, directly in front of Albany HS.
Standard status
Pending
APN
010100 65.45-3-42
Size
3,070 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9715
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
3
Flooring type
Hardwood, Linoleum, Carpet
Building materials
Aluminum Siding, Vinyl Siding
Listing Agency:
All in 1 Realty LLC
(518) 608-5262
Listed By:
Armando Valdes · License #10401328120
(518) 269-0789
Added: Jan 12
Changed: Jul 24
Last Checked: Jul 31 at 5:06AM
MLS# 202610557
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 well-maintained three-family home offers three spacious, apartment-style units with comfortable layouts. The units are described as having abundant natural light and classic charm, along with functional kitchens and well-sized bedrooms designed for everyday living.
Located at 669 Washington Avenue in Albany, the property is positioned for convenient access to shopping, dining, schools, hospitals, and major highways in the Capital Region.
The home also features separate utilities for the units, supporting independent operation for each household. This makes the property a practical fit for an investor or an owner-occupant seeking steady income potential from a multi-family arrangement.
Located at 669 Washington Avenue in Albany, the property is positioned for convenient access to shopping, dining, schools, hospitals, and major highways in the Capital Region.
The home also features separate utilities for the units, supporting independent operation for each household. This makes the property a practical fit for an investor or an owner-occupant seeking steady income potential from a multi-family arrangement.
Key Highlights
- Three‑family home with multiple bedrooms across the property (Bedroom 1–7) and 3 bathrooms
- Public water and public sewer
- Natural gas hot water heating system
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 | $53.4k | $17.40 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $49.9k | $16.27 |
| − OpEx | −$15.0k | −$4.88 |
| NOI | $35.0k | $11.39 |
3,070 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.5K
$437.0K – $582.7K
NOI $34,962 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$448.0K
$392.0K – $522.7K
NOI $31,359 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$810.0K
$708.7K – $945.0K
NOI $56,697 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with three spacious units, functional kitchens, and separate utilities in Albany, NY.
Where is this triplex located?
The property is located at 669 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three‑family home with multiple bedrooms across the property (Bedroom 1–7) and 3 bathrooms; Public water and public sewer; Natural gas hot water heating system
