Three-Unit Residential Income
238 Ontario Street Albany, NY 12203
For Sale
$249,000
Triplex with two leased units and one vacant unit, offering 1-bedroom, 1-bath layouts.
Property Size2,244 SF
Price / SF$110.96
Days on Market204
Property Features for 238 Ontario Street
General Information
- Standard status
- Active
- Size
- 2,244 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1890
Listing Agency:
New Scotland Realty
(917) 650-1387
Listed By:
Daniel Odabashian · License #10401312571
(917) 650-1387
Source:
Compass
Added: Dec 31, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:55AM
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 New Scotland Realty
Investment Insights
Based on property information with market context.
This three-unit triplex includes two occupied apartments and one vacant unit. Each unit is configured with a 1-bedroom, 1-bath layout. The basement unit is currently vacant, and the first-floor unit is also noted as vacant.
The second-floor unit is leased from 12/19/24 through 12/29/26. The top-floor unit is leased from 7/1/22 through 6/27/26. The property is described as located in a college rental area and is approximately eight minutes from the nearest bus stop for access to campus and surrounding amenities.
For investors, the listing states the property has operated at a 9.37% + cap rate. It may also be packaged with a separate three-unit property at 558 Washington Ave or sold separately.
The second-floor unit is leased from 12/19/24 through 12/29/26. The top-floor unit is leased from 7/1/22 through 6/27/26. The property is described as located in a college rental area and is approximately eight minutes from the nearest bus stop for access to campus and surrounding amenities.
For investors, the listing states the property has operated at a 9.37% + cap rate. It may also be packaged with a separate three-unit property at 558 Washington Ave or sold separately.
Key Highlights
- Fully occupied three‑unit property in a college rental area with strong rental history over the past seven years
- Triplex layout: three 1‑bedroom, 1‑bath units
- Operating at a 9.37% cap rate
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with two leased units and one vacant unit, offering 1-bedroom, 1-bath layouts.
Where is this triplex located?
The property is located at 238 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Fully occupied three‑unit property in a college rental area with strong rental history over the past seven years; Triplex layout: three 1‑bedroom, 1‑bath units; Operating at a 9.37% cap rate
