Brick Triplex With
For Sale
$360,000
210 Western Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,712 SF
Lot Size0.05 Acres
Price / SF$132.74
Days on Market54
Property Features for 210 Western Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Mixed
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1
Window features
Double Pane Windows, Bay Window(s)
Patio and Porch features
Deck
Interior features
Solid Surface Counters, Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
Fencing
Chain Link
Lot features
Level, Sloped
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Just east of the intersection of Quail Street and Western Avenue
Standard status
Active
APN
010100 65.70-1-2
Size
2,712 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7533
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
common courtyard
shared washer/dryer
Building Details
Year built
1920
Number of units
3
Flooring type
Laminate, Wood, Tile - Ceramic
Building materials
Brick
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 3
Last Checked: Sep 4 at 12:06PM
MLS# 202621699
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.
This 2,712-square-foot brick triplex was built in 1920 on a 0.05-acre lot. The three apartments offer wood and laminate flooring, generous room layouts, built-in cabinetry, ceramic tile baths, solid-surface counters, bayed windows, French doors, and arched openings. Each unit includes an additional room, while the property also provides a shared courtyard, deck, and one common washer and dryer. A natural-gas hot-water system with baseboard heating serves the building.
All apartments are occupied. The property is located at 210 Western Avenue in Albany, NY 12203, with public water and public sewer service. The building has Mixed zoning, a rubber roof, chain-link fencing, and a boiler installed in 2019. The roof was replaced in January 2026.
All apartments are occupied. The property is located at 210 Western Avenue in Albany, NY 12203, with public water and public sewer service. The building has Mixed zoning, a rubber roof, chain-link fencing, and a boiler installed in 2019. The roof was replaced in January 2026.
Key Highlights
- Three‑unit brick building with 2,712 square feet on a 0.05‑acre lot
- All apartments are occupied
- Shared courtyard, deck, and one washer and dryer for the units
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
$30,885
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
8.58%
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%
$617,700
$617.7K
Cap Rate 7%
$441,214
$441.2K
Cap Rate 9%
$343,167
$343.2K
Market Conditions
NOI Build-Up for 2,712 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
$47.2K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$44.1K $16.27/SF
− OpEx
−$13.2K −$4.88/SF
NOI
$30.9K $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%
$617,700
Cap Rate 7%
$441,214
Cap Rate 9%
$343,167
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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 - The occupied apartments share on-site laundry and include hardwood floors and original built-ins.
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: Three‑unit brick building with 2,712 square feet on a 0.05‑acre lot; All apartments are occupied; Shared courtyard, deck, and one washer and dryer for the units
