Three-Family Brick Home with Income
50 Glynn Street, Albany, NY 12203
- Added:
- Apr 9, 2026
- Days on Market:
- 38
- Last Refresh:
- May 16 at 3:06 pm
Property Features for 50 Glynn Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single Residence
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 6
- Parking
- 6
- Parking features
- Off Street
- Patio and Porch features
- Patio, Deck
- Basement
- Full
- Standard status
- Pending
- APN
- 010100 64.29-1-25
- Size
- 2,793 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11310
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1963
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jessica Bedard License #40BE1067784 (518) 265-9398
Listing office Realty One Group Key 635 Plank Rd, Clifton Park, NY (518) 630-5360
Listing date Apr 9, 2026
MLS# 202614793
Listing URL
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong investment potential with $2,500/month income from two one‑bedroom apartments.
- Expansive 3,000 sq ft first‑floor unit featuring 5 bedrooms and 3 baths.
- Located on a quiet dead‑end street near highways and shopping.
- Detached two‑car garage.
- Fenced‑in yard.
- Suitable for owner‑occupants, investors, or student rental.
Overview
Located on a quiet dead-end street, this three-family brick home offers space, flexibility, and investment potential. The property features a fenced-in yard and a detached two-car garage. It is conveniently located near highways and shopping. The first-floor unit features 3,000 sq ft with 5 bedrooms, 3 baths, a living room, family room, and formal dining area. The lower level includes two one-bedroom apartments with shared laundry, suitable for rental income or extended living. The two one-bedroom apartments bring in $2,500 a month. Heat is centralized, with separate electric for each unit. The property, situated on a 0.27-acre lot, is suitable for owner-occupants or investors and also works well as a high-demand student rental.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$353.4K
NOI $31,808 @ 9.00% cap · cautious / downside scenario
Moderate
$454.4K
NOI $31,808 @ 7.00% cap · market / base-case scenario
Aggressive
$636.2K
NOI $31,808 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $17.40 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $45.4k | $16.27 |
| − OpEx | −$13.6k | −$4.88 |
| NOI | $31.8k | $11.39 |
2,793 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$454.4K
$397.6K – $530.1K
NOI $31,808 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$407.6K
$356.6K – $475.5K
NOI $28,530 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$736.9K
$644.8K – $859.7K
NOI $51,581 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.826624
- Latitude
- 42.674292
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Unique three-family home with rental income and convenient location.
Where is this multifamily property located?
The property is located at 50 Glynn Street Albany, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Strong investment potential with $2,500/month income from two one‑bedroom apartments.; Expansive 3,000 sq ft first‑floor unit featuring 5 bedrooms and 3 baths.; Located on a quiet dead‑end street near highways and shopping.
