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Three-Unit Residential Income Property
For Sale
Contact for pricing
Pending

166 2nd St, Albany, NY 12210

Three-family building with one basement apartment intentionally vacant and remodeled, plus two occupied upper-floor units.

Property SizeContact for details
Days on Market143

Property Features for 166 2nd St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3
Listing Agency: Berkshire Hathaway HomeServices Blake, REALTORS Delmar
Listed By: Melissa Hems · License #NY 10401215159
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Aug 30 at 3:57PM

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 Berkshire Hathaway HomeServices Blake, REALTORS Delmar

Investment Insights

Based on property information with market context.

This three-unit residential income property features three separate apartments, with one basement apartment left intentionally vacant and remodeled. The remaining units are occupied, generating stated rents of $1,000 for the first-floor apartment and $900 for the second-floor apartment.

The asset is listed for sale in Albany, NY, and is being marketed as part of a larger multi-property package, with additional listings added to the MLS. For a complete list of available properties in the package, buyers are directed to email their agent.

Key Highlights

  • Three‑family building with one basement apartment intentionally vacant and remodeled
  • Two upper‑floor units are currently rented
  • Monthly rent listed as $1,000 for the 1st floor unit and $900 for the 2nd floor unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Butcher Pet Store Catering Service

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

2,060
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three-family building with one basement apartment intentionally vacant and remodeled, plus two occupied upper-floor units.
Where is this triplex located?
The property is located at 166 2nd St Albany, NY.
What are key features of this property?
This property features: Three‑family building with one basement apartment intentionally vacant and remodeled; Two upper‑floor units are currently rented; Monthly rent listed as $1,000 for the 1st floor unit and $900 for the 2nd floor unit
(518) 951-0411 Call to check price and availability
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