Three-Unit Brick
For Sale
$250,000
Pending
284 Lark Street, Albany, NY 12210
MultiFamily, Albany, NY
Property Size1,680 SF
Lot Size0.02 Acres
Days on Market214
Property Features for 284 Lark Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Basement
Apartment
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
DRIVE WEST ON MADISON AVE FROM STATE CAPITAL TO TURN RIGHT ON LARK ST. PROPERTY WILL BE ON NEXT CORNER ON THE RIGHT
Special listing conditions
In Foreclosure, Short Sale
Standard status
Pending
APN
010100 76.24-5-67
Size
1,680 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2741
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1853
Number of units
3
Flooring type
Vinyl, Hardwood
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Revision Real Estate
(518) 438-2221
Listed By:
Jerome P Newkirk · License #10371200504
(518) 229-0366
Added: Mar 31
Changed: Oct 27
Last Checked: Oct 30 at 3:06PM
MLS# 202614208
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.
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Investment Insights
Based on property information with market context.
This 1,680-square-foot triplex contains three one-bedroom units within a brick building constructed in 1853. Two apartments are in move-in condition, while the basement unit requires rehabilitation. Existing finishes include vinyl and hardwood flooring, with electric heating, public water, and a rubber roof. The property is zoned Multi Residence and occupies 0.02 acres.
The Albany property is near Albany Medical Center, the University at Albany, and the New York State Capitol. Schools, dining, shopping, and public transportation are also identified in the surrounding area. The three-unit configuration supports either owner occupancy with additional units or continued residential rental use.
The Albany property is near Albany Medical Center, the University at Albany, and the New York State Capitol. Schools, dining, shopping, and public transportation are also identified in the surrounding area. The three-unit configuration supports either owner occupancy with additional units or continued residential rental use.
Key Highlights
- Three‑unit triplex with one bedroom in each unit
- 1,680 square feet on 0.02 acres
- Two units are in move‑in condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,132
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,640
$382.6K
Cap Rate 7%
$273,314
$273.3K
Cap Rate 9%
$212,578
$212.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$29.2K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.3K $16.27/SF
− OpEx
−$8.2K −$4.88/SF
NOI
$19.1K $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 Rate 5%
$382,640
Cap Rate 7%
$273,314
Cap Rate 9%
$212,578
Alternative Uses
Best Use
Multifamily LT 5
$273.3K
$239.2K – $318.9K
NOI $19,132 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom units include two in move-in condition and a basement apartment requiring rehabilitation.
Where is this triplex located?
The property is located at 284 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑unit triplex with one bedroom in each unit; 1,680 square feet on 0.02 acres; Two units are in move‑in condition
