Federal-Style 3-Unit
154 Jefferson Street Albany, NY 12210
154 Jefferson Street, Albany, NY, 12210
$369,800
For Sale
$369,800
Three separate apartments with private rear porches, hardwood floors, and individual gas/electric metering.
Property Size2,970 SF
Price / SF$124.51
Days on Market101
Property Features for 154 Jefferson Street
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1840
Listing agency
Gucciardo Real Estate LLC
(518) 441-8225
Listed by
Daniel Grebert · License #10401371037
(518) 441-8225
Source
Compass
Added: Apr 13 Updated: Jul 21 at 3:32PM Checked: Jul 21 at 3:32PM
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 Gucciardo Real Estate LLC
Investment Insights
Based on property information with market context.
This Federal-style 3-unit multifamily features a recessed entry with interior access to each apartment and hardwood floors throughout. The building includes two 1-bedroom units on the first and second levels and a spacious 2-bedroom unit on the third level, with private rear porches associated with each apartment.
Heat is provided by three gas-fired boilers, and each unit is metered separately for gas and electric. Off-street parking is available.
Per the current occupancy details provided, the first and third floors are occupied by month-to-month tenants, and 24-hour notice is required for all showings.
Heat is provided by three gas-fired boilers, and each unit is metered separately for gas and electric. Off-street parking is available.
Per the current occupancy details provided, the first and third floors are occupied by month-to-month tenants, and 24-hour notice is required for all showings.
Key Highlights
- Federal‑style 3‑unit with private rear porches and interior access to each unit; off‑street parking available
- Unit mix: (2) 1‑bedroom apartments on the first and second levels plus a spacious 2‑bedroom unit on the third level
- Separate utilities: each unit is metered separately for both gas and electric, with tenants paying gas and electric
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $48.3k | $16.27 |
| − OpEx | −$14.5k | −$4.88 |
| NOI | $33.8k | $11.39 |
2,970 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.7K
NOI $33,823 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$783.6K
$685.6K – $914.2K
NOI $54,850 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate apartments with private rear porches, hardwood floors, and individual gas/electric metering.
Where is this triplex located?
The property is located at 154 Jefferson Street Albany, NY.
What is the asking price?
The asking price for this property is $369,800.
What are key features of this property?
This property features: Federal‑style 3‑unit with private rear porches and interior access to each unit; off‑street parking available; Unit mix: (2) 1‑bedroom apartments on the first and second levels plus a spacious 2‑bedroom unit on the third level; Separate utilities: each unit is metered separately for both gas and electric, with tenants paying gas and electric
