For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Investment Property Title is generated by Realmo AI

    300 3RD Street, Albany, NY 12206

    View on Map
    Claim this Listing
    For Sale
    $184,999

    Residential income multifamily property offered for sale in Albany, New York, sold as-is.

    Type:Multi-family
    Property size:
    1,400 SF
    Price / SF:
    $132/SF
    Added:
    May 30, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 5 at 2:21 am

    Property Features for 300 3RD Street

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Shawn D Clark Sr

    Listing agent Shawn D Clark Sr

    Listing office M J J Realty

    Listing date May 30, 2026

    Source Signatureonerealtygroup

    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 M J J Realty

    HighLights

    • Residential income multifamily property for sale in Albany, New York
    • Year built: 1930
    • Sold as‑is

    Overview

    This residential income multifamily property is offered for sale as-is, making it suited for investors who are comfortable underwriting and executing with minimal seller-provided updates. Interested parties should note that showings require a pre-approval letter or bank statement before appointments are confirmed.

    The property is located at 300 3RD Street in Albany, New York 12206. The listing information provided does not include additional building specifics such as unit count, interior condition, or layout.

    For buyers seeking to start or expand an investment portfolio, this offering provides a straightforward path to ownership on an as-is basis. Because access for tours is contingent on financial documentation, it’s recommended that prospective buyers prepare the required pre-approval letter or bank statement ahead of time to streamline scheduling.

    Local 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 $27.7k $19.80
    − Vacancy −$1.7k −$1.23
    EGI $26.0k $18.57
    − OpEx −$11.7k −$8.36
    NOI $14.3k $10.21
    1,400 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $204.3K
    $178.8K – $238.4K (±1% cap)
    NOI $14,301 @ 7.0% cap · market cap 7.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $369.4K
    $323.2K – $430.9K (±1% cap)
    NOI $25,855 @ 7.0% cap · market cap 13.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7635984
    Latitude
    42.6651335

    FAQs

    What type of property is this?
    Multifamily property - Residential income multifamily property offered for sale in Albany, New York, sold as-is.
    Where is this multifamily property located?
    The property is located at 300 3RD Street Albany, NY.
    What is the asking price?
    The asking price for this property is $184,999.
    What are key features of this property?
    This property features: Residential income multifamily property for sale in Albany, New York; Year built: 1930; Sold as‑is
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message