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Three-Story Triplex Shell
For Sale
$162,000

217 Spruce Street, Albany, NY 12210

Gutted, framed residential building with mixed zoning and multiple permitted commercial and community-oriented uses.

Property Size3,933 SF
Price / SF$41.19
Days on Market209

Property Features for 217 Spruce Street

General Information

Standard status Active
Size 3,933 SF
Property subtype Multi Family / Triplex
Zoning Mixed

Taxes and HOA fees

Annual Taxes $1,077

Amenities

None, No
Full
Other
Yes
Asbestos, Brick, Wood Siding

Building Details

Year Built 1882
Listing Agency: NAI Platform LLC
Listed By: Stephanie Taylor-Durenay · License #10401380188
Source: Compass
Added: Feb 3 Changed: Aug 29 Last Checked: Aug 31 at 1:48AM

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 NAI Platform LLC

Investment Insights

Based on property information with market context.

This three-story property is classified as a triplex and contains 3,933 square feet. The interior has been gutted and framed, with no plumbing or electrical systems currently in place. The building dates to 1882 and includes brick and wood siding along with asbestos noted among the property features.

Located at 217 Spruce Street in Albany’s Sheridan Hollow neighborhood, the property carries Mixed zoning. One residential unit per floor is allowed as of right. The zoning also identifies permitted uses including a community residential facility, religious institution, beauty salon, spa, barbershop, professional office, and specialty retail. Conditional uses include assisted living, group living, a club, community center, cultural facility, day-care center, school, and bed-and-breakfast.

Key Highlights

  • 3,933‑square‑foot, three‑story triplex property
  • Gutted and framed interior with no plumbing or electrical
  • Mixed zoning allows one residential unit per floor as of right

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service (Bike/Boat/Book/etc) Store Electrical Service Home Appliance Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,039
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Gutted, framed residential building with mixed zoning and multiple permitted commercial and community-oriented uses.
Where is this triplex located?
The property is located at 217 Spruce Street Albany, NY.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: 3,933‑square‑foot, three‑story triplex property; Gutted and framed interior with no plumbing or electrical; Mixed zoning allows one residential unit per floor as of right
More about this property
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