Brick Triplex with Recent
29 Main Street, Ravena, NY 12143
For Sale
$309,900
Pending
MultiFamily, Ravena, NY
Property Size2,448 SF
Lot Size0.20 Acres
Days on Market55
Property Features for 29 Main Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Fencing
Basement
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced-in yard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 439-4943
Listed By:
Josephine Bruno · License NY 30BR0723256
(518) 461-7224
Added: Sep 17
Changed: Oct 27
Last Checked: Nov 10 at 1:06AM
MLS# 202626398
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 2,448-square-foot triplex sits on a 0.2-acre parcel and dates to 1890. The brick property includes three gas furnaces, three gas hot water heaters, and a flat rubber roof installed in 2025. Interior features include built-in elements, high-speed internet, and a mix of carpet, vinyl, tile, and laminate flooring. Window unit cooling, public water, and public sewer serve the building, while a driveway, off-street parking, porch, and chain-link fenced yard add practical site features.
The property is in Ravena near major highways and the NYS Thruway, with access to the Hudson River waterfront, marina, boat launch, and restaurant. Albany is approximately 20 minutes away, and Coxsackie is approximately 15 minutes away. The three-unit building is fully occupied.
The property is in Ravena near major highways and the NYS Thruway, with access to the Hudson River waterfront, marina, boat launch, and restaurant. Albany is approximately 20 minutes away, and Coxsackie is approximately 15 minutes away. The three-unit building is fully occupied.
Key Highlights
- Three‑unit brick property with 2,448 square feet
- 0.2‑acre parcel with driveway and off‑street parking
- New flat rubber roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,266
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,320
$565.3K
Cap Rate 7%
$403,800
$403.8K
Cap Rate 9%
$314,067
$314.1K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$42.6K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.4K $16.50/SF
− OpEx
−$12.1K −$4.95/SF
NOI
$28.3K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,320
Cap Rate 7%
$403,800
Cap Rate 9%
$314,067
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$763.9K
$668.4K – $891.2K
NOI $53,472 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Albany County, NY
Properties on Market for Triplexes in Albany County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with public utilities, off-street parking, and a fenced yard.
Where is this triplex located?
The property is located at 29 Main Street Ravena, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Three‑unit brick property with 2,448 square feet; 0.2‑acre parcel with driveway and off‑street parking; New flat rubber roof installed in 2025
