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Triplex with Individual Meters
New
For Sale
$279,900

1216 1st Street, Rensselaer, NY 12144

MultiFamily, Rensselaer, NY

Property Size2,709 SF
Lot Size0.06 Acres
Price / SF$103.32
Days on Market1

Property Features for 1216 1st Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Patio and Porch features Porch
Interior features Built-in Features
Lot features Cleared
Elementary school district Rensselaer
Middle school district Rensselaer
High school district Rensselaer
Directions Broadway to Pine St to 1st St
Standard status Active
APN 381400 144.29-4-27
Size 2,709 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 4111

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Electric (Heating), Natural Gas, Hot Water(Heating), Baseboard
Water source Public

Building Details

Year built 1850
Number of units 3
Roof type Rubber
Listing Agency: KW Platform · Keller Williams Realty
Listed By: Jenn L Baniak-Hollands · License #10301218622
Added: Oct 1 Last Checked: Oct 1 at 7:06PM
MLS# 202627365

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 three-apartment property contains 2,709 square feet on a 0.06-acre lot. Each unit has its own storage room and individually metered utilities. The second-floor apartment is available for immediate occupancy. Built in 1850, the building has a porch, rubber roof, and public water and sewer service. Heating includes electric and natural gas systems, with hot water and baseboard heat noted.

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

Key Highlights

  • Three apartments, each with a separate storage room
  • Individually metered utilities for each apartment
  • Second‑floor unit 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

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 - Each of the three apartments has a dedicated storage room and separately metered utilities.
Where is this triplex located?
The property is located at 1216 1st Street 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 a separate storage room; Individually metered utilities for each apartment; Second‑floor unit available for immediate occupancy
More about this property
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