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Brick Triplex with Basement
For Sale
$339,000

1624 3rd Avenue, Watervliet, NY 12189

Three-unit residential income property with a basement that may support an additional unit subject to approvals.

Property Size2,957 SF
Price / SF$114.64
Days on Market365

Property Features for 1624 3rd Avenue

General Information

Standard status Active
Size 2,957 SF
Total Parking Spaces 4
Property subtype Multi Family / Triplex

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,866

Amenities

Flat, Rubber
Window Unit(s), None, No
Hot Water, Natural Gas, Yes
Partial, Other
Brick
Fenced

Building Details

Year Built 1880
Construction brick
Listing Agency: McDonald Real Estate Comp LLC
Listed By: Nathaniel Sorce · License #10401345313
Source: Compass
Added: Sep 2, 2025 Changed: Aug 31 Last Checked: Aug 31 at 9:43PM

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 McDonald Real Estate Comp LLC

Investment Insights

Based on property information with market context.

This brick residential income property contains three units within a 2,957-square-foot building constructed in 1880. The basement may offer a path to a fourth unit, subject to proper permits, approvals, and verification with town or local authorities. Existing features include natural-gas hot water, window unit cooling, a partial basement, and a fenced exterior.

The property is positioned in Watervliet near downtown Albany, the Hudson River waterfront, I-787, and Route 32. Public transportation, parks, and restaurants are also nearby, providing access to surrounding amenities and regional routes.

Key Highlights

  • Three‑unit brick building in Watervliet
  • 2,957 SF building constructed in 1880
  • Basement may support a 4th unit with proper permits and approvals

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tech Support Center Veterinary Clinic Butcher

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

763
Businesses Nearby

Demographics for 12189, NY

18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
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-unit residential income property with a basement that may support an additional unit subject to approvals.
Where is this triplex located?
The property is located at 1624 3rd Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three‑unit brick building in Watervliet; 2,957 SF building constructed in 1880; Basement may support a 4th unit with proper permits and approvals
More about this property
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