Albany 3-Unit Residential
For Sale
$739,900
29 Dove Street, Albany, NY 12210
Three-unit residence featuring original woodwork, high ceilings, and abundant natural light throughout.
Property Size3,193 SF
Price / SF$231.73
Days on Market185
Property Features for 29 Dove Street
General Information
Standard status
Active
Size
3,193 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Lincoln House Realty
Listed By:
John Alund
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jan 27
Changed: Jul 22
Last Checked: Jul 30 at 7:11PM
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 Lincoln House Realty
Investment Insights
Based on property information with market context.
29 Dove Street offers a classic Albany three-unit residential income property with an arrangement of comfortable, flexible living spaces. The home includes original architectural features such as high ceilings and original woodwork, along with abundant natural light across the interiors.
The property is described as being within walkable reach of downtown restaurants, parks, and the Capitol area, supporting convenient access to nearby amenities.
Interested parties should note that the description highlights the preserved interior character while allowing room to personalize the spaces. This is a straightforward opportunity to own a multi-unit residential building in Albany.
The property is described as being within walkable reach of downtown restaurants, parks, and the Capitol area, supporting convenient access to nearby amenities.
Interested parties should note that the description highlights the preserved interior character while allowing room to personalize the spaces. This is a straightforward opportunity to own a multi-unit residential building in Albany.
Key Highlights
- 3‑unit residence built in 1880 with classic Albany architectural details
- Original woodwork and high ceilings throughout the home
- Abundant natural light and generously sized rooms across the layout
Financial Insights For Apartment 5plus
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 | $63.2k | $19.80 |
| − Vacancy | −$3.9k | −$1.23 |
| EGI | $59.3k | $18.57 |
| − OpEx | −$26.7k | −$8.36 |
| NOI | $32.6k | $10.21 |
3,193 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,237
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-unit residence featuring original woodwork, high ceilings, and abundant natural light throughout.
Where is this multifamily property located?
The property is located at 29 Dove Street Albany, NY.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 3‑unit residence built in 1880 with classic Albany architectural details; Original woodwork and high ceilings throughout the home; Abundant natural light and generously sized rooms across the layout
