Three-Unit Brick
For Sale
$368,000
175 Eagle Street, Albany, NY 12202
MultiFamily, Albany, NY
Property Size2,160 SF
Lot Size0.04 Acres
Price / SF$170.37
Days on Market54
Property Features for 175 Eagle Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Solid Surface Counters, High Speed Internet, Ceramic Tile Bath
Basement
Full
Lot features
Level, Road Frontage
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Madison Avenue to Eagle Street
Standard status
Active
APN
010100 76.49-6-41
Size
2,160 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4778
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Baseboard
Water source
Public
Amenities
hardwood floors
ceramic tile
stainless steel appliances
washer/dryer
bonus room
Building Details
Year built
1856
Number of units
3
Flooring type
Vinyl, Linoleum, Laminate, Hardwood
Building materials
Brick, Wood Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
DiBlasi Real Estate
Listed By:
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 13
Changed: Sep 2
Last Checked: Sep 4 at 1:06PM
MLS# 202621657
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.
Built in 1856, this 2,160-square-foot triplex contains three apartments on a 0.04-acre parcel. The property combines brick and wood siding with hardwood, vinyl, linoleum, and laminate flooring. Individual units include washer/dryer sets, bonus rooms suitable for office or storage use, ceramic tile baths, solid surface counters, and high-speed internet. A newer boiler and new hot water tank serve the building, which also features a porch, rubber roofing, baseboard heat, and public water and sewer. All three apartments are rented.
The property is in Albany’s Mansion District, near the Governor’s Mansion, downtown offices, a neighborhood park, and downtown Albany. It is zoned Multi Residence and includes three bedrooms and three bathrooms among the documented rooms.
The property is in Albany’s Mansion District, near the Governor’s Mansion, downtown offices, a neighborhood park, and downtown Albany. It is zoned Multi Residence and includes three bedrooms and three bathrooms among the documented rooms.
Key Highlights
- Three‑unit triplex with 2,160 square feet on a 0.04‑acre lot
- Built in 1856 with brick and wood siding construction
- Each apartment has a washer/dryer and bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,980
$492.0K
Cap Rate 7%
$351,414
$351.4K
Cap Rate 9%
$273,322
$273.3K
Market Conditions
NOI Build-Up for 2,160 SF
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.
Gross rent
$37.6K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$35.1K $16.27/SF
− OpEx
−$10.5K −$4.88/SF
NOI
$24.6K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,980
Cap Rate 7%
$351,414
Cap Rate 9%
$273,322
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
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment includes a washer/dryer, bonus room, and a mix of hardwood, tile, and resilient flooring.
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: Three‑unit triplex with 2,160 square feet on a 0.04‑acre lot; Built in 1856 with brick and wood siding construction; Each apartment has a washer/dryer and bonus room
