Three-Unit Residential Income
282 Manning Boulevard Albany, NY 12206
282 Manning Boulevard, Albany, NY, 12206
$329,000
For Sale
$329,000
Triplex with two 1-bedroom units and one 2-bedroom unit, with one unit scheduled to be vacant by month’s end.
Property Size1,766 SF
Price / SF$186.30
Days on Market281
Property Features for 282 Manning Boulevard
General Information
- Standard status
- Active
- Size
- 1,766 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1930
Listing agency
New Scotland Realty
(603) 209-1976
Listed by
Samantha M Curry · License #10491209794
(603) 209-1976
Source
Compass
Added: Oct 15, 2025 Updated: Jul 22 at 6:41AM Checked: Jul 22 at 6:41AM
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 residential income property offers a straightforward mix of layouts, including two 1-bedroom units and one 2-bedroom unit. According to the seller, one unit will be vacant by month’s end, creating flexibility for an owner-occupant or an investor planning in-place leasing.
The property is located at 282 Manning Boulevard in Albany, NY 12206, with a noted walkable setting near Pepper Jack's Café and shops along Central Ave, plus access to local amenities.
The listing is also back on market due to buyer financing.
The property is located at 282 Manning Boulevard in Albany, NY 12206, with a noted walkable setting near Pepper Jack's Café and shops along Central Ave, plus access to local amenities.
The listing is also back on market due to buyer financing.
Key Highlights
- Triplex with two 1‑bedroom units and one 2‑bedroom unit
- One unit scheduled to be vacant by month’s end
- Full basement and finished attic
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 | $30.7k | $17.40 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $28.7k | $16.27 |
| − OpEx | −$8.6k | −$4.88 |
| NOI | $20.1k | $11.39 |
1,766 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.3K
$251.4K – $335.2K
NOI $20,112 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,039 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 9.91%
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 - Triplex with two 1-bedroom units and one 2-bedroom unit, with one unit scheduled to be vacant by month’s end.
Where is this triplex located?
The property is located at 282 Manning Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Triplex with two 1‑bedroom units and one 2‑bedroom unit; One unit scheduled to be vacant by month’s end; Full basement and finished attic
