Brick 3-Unit Residential
210 Western Avenue Albany, NY 12203
210 Western Avenue, Albany, NY, 12203
$360,000
For Sale
$360,000
Very well-maintained brick triplex with hardwood floors, built-in kitchen cabinetry, and a shared courtyard for tenant use.
Property Size2,712 SF
Price / SF$132.74
Days on Market11
Property Features for 210 Western Avenue
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
DiBlasi Real Estate
Listed by
John S DiBlasi
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jul 11 Updated: Jul 20 at 3:43AM Checked: Jul 20 at 3:43AM
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.
This very well-maintained brick 3-unit building offers residential income potential with apartments featuring hardwood floors and generously sized rooms. Units include ample closet space and charming kitchens with original built-in cabinetry, along with architectural details such as arched openings, French doors, and bayed windows. Each apartment includes an additional room suitable for a range of interior uses, and tenants have access to a common courtyard. One shared washer and dryer serves the units.
The property is located in Albany’s Midtown/Pine Hills neighborhood. All apartments are currently occupied, supporting an income-producing profile for an investor or owner-operator.
The building’s configuration includes three separate apartments within the brick structure, complemented by a shared outdoor courtyard and shared laundry facilities.
The property is located in Albany’s Midtown/Pine Hills neighborhood. All apartments are currently occupied, supporting an income-producing profile for an investor or owner-operator.
The building’s configuration includes three separate apartments within the brick structure, complemented by a shared outdoor courtyard and shared laundry facilities.
Key Highlights
- Very well‑maintained brick 3‑unit building with year built 1920
- Each unit features hardwood floors and generous room sizes
- Kitchens include original built‑in cabinetry, plus architectural details like arched openings, French doors, and bayed windows
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 | $47.2k | $17.40 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $44.1k | $16.27 |
| − OpEx | −$13.2k | −$4.88 |
| NOI | $30.9k | $11.39 |
2,712 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.2K
$386.1K – $514.8K
NOI $30,885 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$395.8K
$346.3K – $461.7K
NOI $27,703 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$715.5K
$626.1K – $834.8K
NOI $50,085 @ 7.0% cap · market cap 13.91%
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 - Very well-maintained brick triplex with hardwood floors, built-in kitchen cabinetry, and a shared courtyard for tenant use.
Where is this triplex located?
The property is located at 210 Western Avenue Albany, NY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Very well‑maintained brick 3‑unit building with year built 1920; Each unit features hardwood floors and generous room sizes; Kitchens include original built‑in cabinetry, plus architectural details like arched openings, French doors, and bayed windows
