Updated Brick
For Sale
$289,900
Pending
3 Sherman St, Albany, NY 12210
Three residences feature contemporary improvements and spacious layouts in downtown Albany.
Property Size2,772 SF
Days on Market110
Property Features for 3 Sherman St
General Information
Standard status
Pending
Size
2,772 SF
Property subtype
Residential Income
Additional Details
Cap Rate
9.5%
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,291
Building Details
Buildings
1
Construction
Brick
Listing Agency:
Empire Real Estate Firm LLC
(518) 396-7189
Listed By:
Giovanni Lisi · License #10491213724
(518) 396-7189
Source:
Exprealty
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 10:53PM
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 Empire Real Estate Firm LLC
Investment Insights
Based on property information with market context.
This 2,772-square-foot brick triplex contains three residences, each with modern updates and a spacious floor plan. The property combines a recognizable masonry exterior with updated interior conditions across the building.
Located in downtown Albany, the property is within walking distance of the State Capital Buildings, Lark St, Washington Park, the Downtown UAlbany Campus, restaurants, and shops. Highway access is also nearby.
The property is presented with a reported 9.5% cap rate and 1.6 DSCR, providing key financial metrics for investor evaluation.
Located in downtown Albany, the property is within walking distance of the State Capital Buildings, Lark St, Washington Park, the Downtown UAlbany Campus, restaurants, and shops. Highway access is also nearby.
The property is presented with a reported 9.5% cap rate and 1.6 DSCR, providing key financial metrics for investor evaluation.
Key Highlights
- Three‑unit brick property totaling 2,772 square feet
- Modern updates in each unit
- Spacious floor plans throughout the three residences
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,039
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?
Triplex - Three residences feature contemporary improvements and spacious layouts in downtown Albany.
Where is this triplex located?
The property is located at 3 Sherman St Albany, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Three‑unit brick property totaling 2,772 square feet; Modern updates in each unit; Spacious floor plans throughout the three residences
