Three-Unit Multifamily
423 Clinton Avenue, Albany, NY 12206
For Sale
$319,999
Separate utility arrangements serve each of the three residential units.
Property Size2,616 SF
Price / SF$122.32
Days on Market60
Property Features for 423 Clinton Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
M J J Realty
Listed By:
Shawn D Clark Sr
(518) 229-5606
Source:
Capmarkrealty
Added: Sep 16
Changed: Nov 11
Last Checked: Nov 12 at 4:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three residential units within a 2,616-square-foot property built in 1915. Separate utilities serve the units, and the property carries Multi Residence zoning. The property is offered in as-is condition at 423 Clinton Avenue in Albany, New York.
Key Highlights
- Three‑family residential property
- 2,616 square feet
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,722
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
$534.4K
Cap Rate 7%
$381,743
$381.7K
Cap Rate 9%
$296,911
$296.9K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$51.8K $19.80/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$48.6K $18.57/SF
− OpEx
−$21.9K −$8.36/SF
NOI
$26.7K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
Cap Rate 7%
$381,743
Cap Rate 9%
$296,911
Alternative Uses
Best Use
Multifamily LT 5
$425.6K
$372.4K – $496.5K
NOI $29,792 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$381.7K
$334.0K – $445.4K
NOI $26,722 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$690.2K
$603.9K – $805.2K
NOI $48,312 @ 7.0% cap · market cap 15.10%
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
Location Intelligence
Trade Area within ½ mile
2,685
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Albany, NY
Properties on Market for Triplexes in Albany
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility arrangements serve each of the three residential units.
Where is this triplex located?
The property is located at 423 Clinton Avenue Albany, NY.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: Three‑family residential property; 2,616 square feet; Built in 1915
