Three-Unit Residential
145 Ontario Street, Albany, NY 12206
For Sale
$375,000
Pending
Coin-operated laundry in the basement serves the building’s three apartments.
Property Size3,080 SF
Days on Market82
Property Features for 145 Ontario Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
coin operated laundry
Building Details
Year Built
Listing Agency:
Jandali Realty
(518) 271-1100
Listed By:
Sara Savoca · License NY #10401251652
(518) 810-2921
Source:
Simplywoodardrealestate
Added: Aug 21
Changed: Nov 10
Last Checked: Nov 9 at 9:12PM
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 Jandali Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,080-square-foot residential property contains three apartments and a basement with coin-operated laundry. Built in 1890, the building is located at 145 Ontario Street in Albany.
The property has long-term tenants and a history of rental activity. Its three-unit configuration and shared laundry are the key physical and operational features supported by the available information.
The property has long-term tenants and a history of rental activity. Its three-unit configuration and shared laundry are the key physical and operational features supported by the available information.
Key Highlights
- Three apartments in a 3,080‑square‑foot building
- Basement coin‑operated laundry
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,462
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,240
$629.2K
Cap Rate 7%
$449,457
$449.5K
Cap Rate 9%
$349,578
$349.6K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$61.0K $19.80/SF
− Vacancy
−$3.8K −$1.23/SF
EGI
$57.2K $18.57/SF
− OpEx
−$25.7K −$8.36/SF
NOI
$31.5K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,240
Cap Rate 7%
$449,457
Cap Rate 9%
$349,578
Alternative Uses
Best Use
Multifamily LT 5
$501.1K
$438.5K – $584.6K
NOI $35,076 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$449.5K
$393.3K – $524.4K
NOI $31,462 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$812.6K
$711.0K – $948.0K
NOI $56,881 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,647
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
$162,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Albany, NY
Properties on Market for Triplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Coin-operated laundry in the basement serves the building’s three apartments.
Where is this triplex located?
The property is located at 145 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three apartments in a 3,080‑square‑foot building; Basement coin‑operated laundry; Built in 1890
