Three-Unit
For Sale
$325,000
1453 1st Street, Rensselaer, NY 12144
MultiFamily, Rensselaer, NY
Property Size2,175 SF
Lot Size0.09 Acres
Price / SF$149.43
Days on Market89
Property Features for 1453 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 5
Basement
Finished, Apartment
Elementary school district
Rensselaer
Middle school district
Rensselaer
High school district
Rensselaer
Directions
Broadway to McNaughton Ave to 1st St
Standard status
Active
APN
381400 144.21-3-6
Size
2,175 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
3
Building materials
Vinyl Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Thaddeus Jones · License #10301220962
(518) 681-1836
Added: Jul 9
Changed: Oct 2
Last Checked: Oct 5 at 2:06PM
MLS# 202621433
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 triplex contains three residential units with a combined 9 bedrooms and 3 full bathrooms across 2175 square feet. The configuration includes one basement apartment and two upper-level units. All three residences are occupied under annual leases, and tenants pay their own separate utilities.
Built in 1900, the property sits on a 0.09-acre lot at 1453 1st Street in Rensselaer, NY. Construction includes vinyl siding, with natural gas forced-air heating, a rubber roof, public water, and public sewer. The layout and existing tenancy provide an established three-unit residential configuration.
Built in 1900, the property sits on a 0.09-acre lot at 1453 1st Street in Rensselaer, NY. Construction includes vinyl siding, with natural gas forced-air heating, a rubber roof, public water, and public sewer. The layout and existing tenancy provide an established three-unit residential configuration.
Key Highlights
- Three‑unit triplex with 9 bedrooms and 3 full bathrooms
- 2175 square feet on a 0.09‑acre lot
- All units occupied under annual leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,487
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,740
$569.7K
Cap Rate 7%
$406,957
$407.0K
Cap Rate 9%
$316,522
$316.5K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$40.7K $18.71/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$28.5K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,740
Cap Rate 7%
$406,957
Cap Rate 9%
$316,522
Alternative Uses
Best Use
Multifamily LT 5
$407.0K
$356.1K – $474.8K
NOI $28,487 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$377.2K
$330.0K – $440.0K
NOI $26,401 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$543.7K
$475.8K – $634.3K
NOI $38,060 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - All units are occupied under annual leases, with tenants responsible for their own utilities.
Where is this triplex located?
The property is located at 1453 1st Street Rensselaer, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit triplex with 9 bedrooms and 3 full bathrooms; 2175 square feet on a 0.09‑acre lot; All units occupied under annual leases
