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Triplex with Additional Parking Parcel
For Sale
$263,900

476 2ND Street, Albany, NY 12206

Three apartments include two vacant units and one occupied month-to-month tenancy.

Property Size3,048 SF
Price / SF$86.58
Days on Market9

Property Features for 476 2ND Street

General Information

Standard status Active
Size 3,048 SF
Property subtype Multi-family

Units

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

Building Details

Year Built 1900
Buildings 1
Listing Agency: Suzanne Prezio Properties Inc
Listed By: Suzanne I Prezio
Source: Signatureonerealtygroup
Added: Aug 16 Changed: Aug 23 Last Checked: Aug 23 at 7:57AM

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 Suzanne Prezio Properties Inc

Investment Insights

Based on property information with market context.

This 3,048-square-foot triplex, built in 1900, contains three apartments with a combined five bedrooms and three bathrooms. The first-floor residence offers two bedrooms and one bathroom and is occupied by long-term tenants on a month-to-month basis. A second-floor two-bedroom, one-bathroom unit is vacant and move-in ready, while the basement apartment includes one bedroom and one bathroom and is also vacant. Each unit includes extra rooms that can serve as storage, walk-in closets, or nursery space.

Heating is electric throughout, with gas ranges in all apartments. The basement uses an electric water heater; the upper-floor units use gas water heaters. A no-vent fireplace is located in the third-floor apartment. The rubber roof is 7-8 years old. An adjacent parcel at 478 Second Street adds .06 acres for parking, with a four-car garage that may be renovated for storage or parking use.

Key Highlights

  • 3,048‑square‑foot triplex with five bedrooms and three bathrooms
  • First‑floor 2 BR/1 bath apartment occupied by long‑term month‑to‑month tenants
  • Vacant second‑floor 2 BR/1 bath unit described as move‑in ready

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Acupuncture (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store Catering 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

1,203
Businesses Nearby

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

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 - Three apartments include two vacant units and one occupied month-to-month tenancy.
Where is this triplex located?
The property is located at 476 2ND Street Albany, NY.
What is the asking price?
The asking price for this property is $263,900.
What are key features of this property?
This property features: 3,048‑square‑foot triplex with five bedrooms and three bathrooms; First‑floor 2 BR/1 bath apartment occupied by long‑term month‑to‑month tenants; Vacant second‑floor 2 BR/1 bath unit described as move‑in ready
More about this property
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