Renovated 3-Unit Residential
5 West Street Albany, NY 12206
For Sale
$289,000
Renovated 3-unit property with a roof installed in 2025 and updated interiors, kitchens, flooring, and bathrooms.
Property Size1,880 SF
Price / SF$153.72
Days on Market29
Property Features for 5 West Street
General Information
- Standard status
- Active
- Size
- 1,880 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency:
NH Capital Realty
Listed By:
Joshua Abossey
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 23 at 12:59AM
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 NH Capital Realty
Investment Insights
Based on property information with market context.
This renovated three-unit residential income property offers a modernized interior with contemporary finishes throughout. The updates include refreshed bathrooms, updated flooring, and a bright, open living space. Each unit features a redesigned kitchen intended for everyday living and entertaining.
The property is located at 5 West Street in Albany, NY 12206. The roof was installed in 2025, supporting a lower-maintenance ownership experience.
With its complete interior refresh and recent roof replacement, this three-unit building presents a straightforward option for buyers seeking a turn-key residential income property in Albany.
The property is located at 5 West Street in Albany, NY 12206. The roof was installed in 2025, supporting a lower-maintenance ownership experience.
With its complete interior refresh and recent roof replacement, this three-unit building presents a straightforward option for buyers seeking a turn-key residential income property in Albany.
Key Highlights
- Renovated 3‑unit property with updated interiors, flooring, kitchens, and bathrooms
- Roof installed in 2025
- Built in 1890 with a renovated, modernized interior
Financial Insights For Multifamily LT 5
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 | $32.7k | $17.40 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $30.6k | $16.27 |
| − OpEx | −$9.2k | −$4.88 |
| NOI | $21.4k | $11.39 |
1,880 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$274.3K
$240.1K – $320.1K
NOI $19,204 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,720 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated 3-unit property with a roof installed in 2025 and updated interiors, kitchens, flooring, and bathrooms.
Where is this triplex located?
The property is located at 5 West Street Albany, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Renovated 3‑unit property with updated interiors, flooring, kitchens, and bathrooms; Roof installed in 2025; Built in 1890 with a renovated, modernized interior
