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Triplex with Separate Utility Metering
New
For Sale
$279,900

1216 1st St, Rensselaer, NY 12144

The second-floor apartment is available for immediate occupancy.

Property Size2,709 SF
Price / SF$103.32
Days on Market4

Property Features for 1216 1st St

General Information

Standard status Active
Size 2,709 SF
Property subtype Multi-Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Multifamily Units 3

Amenities

storage room

Building Details

Year Built 1850
Buildings 1
Listing Agency: Re Max Solutions
Listed By: Clancy Real Estate, Inc
Source: Clancyrealestate
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 4 at 9:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re Max Solutions

Investment Insights

Based on property information with market context.

This 2,709-square-foot triplex, built in 1850, contains three apartments. Each unit has a dedicated storage room and separately metered utilities. The second-floor apartment is available for immediate occupancy.

Downtown Albany is about a 10-minute commute away. Shopping and dining in North Greenbush are approximately 8 minutes from the property, and the Rensselaer Amtrak station is about 5 minutes away, with service to New York City and other destinations.

Key Highlights

  • Three apartments, each with its own storage room and individually metered utilities
  • 2,709‑square‑foot triplex built in 1850
  • Second‑floor apartment available for immediate occupancy

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Garden Center Florist Carpet & Flooring Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby

Demographics for 12144, NY

21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,163
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - The second-floor apartment is available for immediate occupancy.
Where is this triplex located?
The property is located at 1216 1st St Rensselaer, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Three apartments, each with its own storage room and individually metered utilities; 2,709‑square‑foot triplex built in 1850; Second‑floor apartment available for immediate occupancy
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