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Three-Unit Residential Income Property
New
For Sale
$225,000

387-389 Locust Ave, Amsterdam, NY 12010

A mixed unit layout includes two larger residences and a one-bedroom apartment.

Property Size2,490 SF
Price / SF$90.36
Days on Market4

Property Features for 387-389 Locust Ave

General Information

Standard status Active
Size 2,490 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Building Details

Year Built 1910
Listing Agency: Miranda Real Estate Group Inc
Listed By: Brian Walters · License #30WA0832219
Source: Albanyprimeproperties
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 4 at 9:34AM

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 Miranda Real Estate Group Inc

Investment Insights

Based on property information with market context.

This residential income property contains three units totaling 2,490 square feet. Two apartments each have three bedrooms and one bathroom; the remaining unit has one bedroom and one bathroom. The building dates to 1910.

The three-apartment configuration offers a combination of larger and smaller residences within one property. Showings require at least 24 hours’ notice, with appointments confirmed in advance.

Key Highlights

  • Three units totaling 2,490 square feet
  • Two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Built in 1910

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

360
Businesses Nearby

Demographics for 12010, NY

28,845
Population
13,436
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
128.3 sq mi
ZIP Area
225
Density / Sq Mi
$60,013
Median Household Income
$40,664
Median Earnings
$952
Median Rent
$161,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - A mixed unit layout includes two larger residences and a one-bedroom apartment.
Where is this triplex located?
The property is located at 387-389 Locust Ave Amsterdam, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three units totaling 2,490 square feet; Two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Built in 1910
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