Well-Equipped Three-Unit Income
For Sale
$368,000
175 Eagle Street, Albany, NY 12202
Three-unit property with hardwood floors, ceramic tile, stainless appliances, and in-unit washer/dryer plus bonus rooms.
Property Size2,160 SF
Price / SF$170.37
Days on Market29
Property Features for 175 Eagle Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
hardwood floors
ceramic tile
stainless steel appliances
newer boiler
new hot water tank
washer/dryer
bonus room
Building Details
Year Built
1856
Tenancy
Multi
Listing Agency:
DiBlasi Real Estate
Listed By:
John S DiBlasi
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 3
Changed: Jul 26
Last Checked: Jul 30 at 5:22PM
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 DiBlasi Real Estate
Investment Insights
Based on property information with market context.
Located at 175 Eagle Street in Albany’s historic Mansion District, this well-maintained 3-unit residential income property is designed for straightforward, comfortable living. The building features hardwood floors, ceramic tile, and stainless steel appliances. Each unit includes a washer/dryer and a bonus room that can serve as office or storage. Recent updates include a newer boiler and a new hot water tank.
The property is just steps from the Governor’s Mansion and within minutes of downtown Albany offices, with a neighborhood park nearby.
While the photos show vacant units, all apartments are currently rented.
The property is just steps from the Governor’s Mansion and within minutes of downtown Albany offices, with a neighborhood park nearby.
While the photos show vacant units, all apartments are currently rented.
Key Highlights
- 3‑unit property built in 1856 in Albany’s historic Mansion District
- Hardwood floors plus ceramic tile throughout the building
- Stainless steel appliances included
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 | $37.6k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $35.1k | $16.27 |
| − OpEx | −$10.5k | −$4.88 |
| NOI | $24.6k | $11.39 |
2,160 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.4K
$307.5K – $410.0K
NOI $24,599 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.7K
NOI $22,064 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with hardwood floors, ceramic tile, stainless appliances, and in-unit washer/dryer plus bonus rooms.
Where is this triplex located?
The property is located at 175 Eagle Street Albany, NY.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: 3‑unit property built in 1856 in Albany’s historic Mansion District; Hardwood floors plus ceramic tile throughout the building; Stainless steel appliances included
