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Historic Multifamily Property Near Lark Street

151 Jefferson Street, Albany, NY 12210

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Pending

$389,800

MULTI_FAMILY - Albany, NY

Property size:

2,492 SF

Lot size:

0.05 Acres

HighLights

3‑unit property built in 1842 with 2 first‑floor 1BD/1BA apartments and 1 second‑floor 2BD/1BA apartment
Units are in a former 2‑building setup (151 and 151 B) with Unit C occupying the entire 2nd floor
Unit A (1BD/1BA) features a fireplace and mantel as a centerpiece of the living area
Unit B (1BD/1BA) includes classic built‑in features
All 3 units provide access to a refreshed garden area; includes deck and rubber roof
Off‑street parking included; adjacent parking lot at 155 Jefferson plus 154 Jefferson are included with this sale

We can help!

Listing Contact

Daniel Grebert

Pending

$389,800

MULTI_FAMILY - Albany, NY

Property size:

2,492 SF

Lot size:

0.05 Acres

Added:: Apr 23, 2026
Days on Market:: 56
Last Refresh:: Jun 17 at 4:06 am

Property Features for 151 Jefferson Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 3
Rooms: Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
Parking: 11
Parking features: Off Street
Patio and Porch features: Deck
Interior features: Built-in Features
Exterior features: Garden
Fireplace: 1
Basement: Unfinished
Standard status: Pending
APN: 010100 76.32-4-40
Size: 2,492 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 8248

Utilities

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

Building Details

Year built: 1842
Number of units: 3
Building materials: Wood Siding
Roof type: Rubber

We can help!

Listing Contact

Daniel Grebert

Listing agent Daniel Grebert License #10401371037

Listing office Gucciardo Real Estate LLC 1074 Troy-Schenectady Road, Albany, NY

Listing date Apr 23, 2026

MLS# 202615658 Listing URL

HighLights

3‑unit property built in 1842 with 2 first‑floor 1BD/1BA apartments and 1 second‑floor 2BD/1BA apartment
Units are in a former 2‑building setup (151 and 151 B) with Unit C occupying the entire 2nd floor
Unit A (1BD/1BA) features a fireplace and mantel as a centerpiece of the living area
Unit B (1BD/1BA) includes classic built‑in features
All 3 units provide access to a refreshed garden area; includes deck and rubber roof
Off‑street parking included; adjacent parking lot at 155 Jefferson plus 154 Jefferson are included with this sale

Overview

Located between Lark Street's Business/Restaurant District and Albany's Downtown, including the Empire State Plaza, Museum, Capitol Building, and State Street Offices, this historic property at 151 Jefferson St. features three units. The property includes two one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, all restored from its original mid-19th-century construction. The property encompasses what was formerly two buildings, sometimes referred to as 151 and 151 B. Units A and B are on the first floor, while Unit C occupies the entire second floor. Unit A features a fireplace and mantel. Unit B, currently rented to a long-term tenant, includes classic built-ins. Unit C has an expansive living space with natural light from skylights. All three units have access to a refreshed garden area. The property size is 2492 square feet and the lot size is 0.05 acres. The adjacent parking lot at 155 Jefferson is also being sold with this property, along with 154 Jefferson St. as part of a larger portfolio. Unit A is 1 bed/1bath and features a striking fireplace and mantel that serve as the centerpiece of the living area. Unit C boasts 2 bedrooms/1bath and is absolutely loaded with potential. This unit features an expansive living space that spreads across the entire rear of the building and overflows with natural light from skylights overhead.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.4k	$17.40
− Vacancy	−$2.8k	−$1.13
EGI	$40.5k	$16.27
− OpEx	−$12.2k	−$4.88
NOI	$28.4k	$11.39

2,492 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$405.4K

$354.8K – $473.0K (±1% cap)

NOI $28,380 @ 7.0% cap · market cap 7.28%

Second Best

Apartment 5plus

$363.6K

$318.2K – $424.3K (±1% cap)

NOI $25,455 @ 7.0% cap · market cap 6.53%

Theoretical Best

Office A

$657.5K

$575.3K – $767.0K (±1% cap)

NOI $46,022 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.76497
Latitude: 42.650396

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For sale
Triplexes
NY
Albany
12210
151 Jefferson Street

What type of property is this?

Triplex - Unique 3-unit property near Albany's business district and downtown.

Where is this triplex located?

The property is located at 151 Jefferson Street Albany, NY.

What is the asking price?

The asking price for this property is $389,800.

What are key features of this property?

This property features: 3‑unit property built in 1842 with 2 first‑floor 1BD/1BA apartments and 1 second‑floor 2BD/1BA apartment; Units are in a former 2‑building setup (151 and 151 B) with Unit C occupying the entire 2nd floor; Unit A (1BD/1BA) features a fireplace and mantel as a centerpiece of the living area

151 Jefferson Street, Albany, NY 12210

MULTI_FAMILY - Albany, NY

Property Features for 151 Jefferson Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

Albany Commercial Property For Sale

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