300 3RD Street, Albany, NY 12206
Residential income multifamily property offered for sale in Albany, New York, sold as-is.
- 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
Listing agent Shawn D Clark Sr (518) 639-4663
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7635984
- Latitude
- 42.6651335