Updated Triplex with Dedicated
For Sale
$357,000
Pending
53 Pleasantview Ave, Albany, NY 12203
Three residential units feature hardwood floors, basement laundry, and updated building systems.
Property Size2,024 SF
Days on Market58
Property Features for 53 Pleasantview Ave
General Information
Standard status
Pending
Size
2,024 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$7,659
Amenities
coin-operated washer and dryer
Building Details
Buildings
1
Listing Agency:
Howard Hanna Capital Inc
(518) 286-1000
Listed By:
Daisy L Hamilton Blair · License #10301214491
(518) 275-9486
Source:
Exprealty
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 21 at 2:09AM
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 Howard Hanna Capital Inc
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Investment Insights
Based on property information with market context.
This 2,024-square-foot triplex contains two upper-level two-bedroom units and a lower-level one-bedroom apartment. Each upper unit includes one full bathroom, a living room, kitchen, and dining area with hardwood flooring. The basement apartment provides one bedroom, one bathroom, and a comfortable living area.
Building improvements include a new roof, updated windows, two boilers, and one new forced hot air furnace. The basement also contains newer coin-operated laundry equipment. Each of the three units has one dedicated parking space. The property is located near SUNY and local hospitals in Albany, NY.
Building improvements include a new roof, updated windows, two boilers, and one new forced hot air furnace. The basement also contains newer coin-operated laundry equipment. Each of the three units has one dedicated parking space. The property is located near SUNY and local hospitals in Albany, NY.
Key Highlights
- Three‑unit building with two two‑bedroom upper units and one one‑bedroom basement apartment
- 2,024 square feet of residential space
- New roof and updated windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,050
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,000
$461.0K
Cap Rate 7%
$329,286
$329.3K
Cap Rate 9%
$256,111
$256.1K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$35.2K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.9K $16.27/SF
− OpEx
−$9.9K −$4.88/SF
NOI
$23.0K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,000
Cap Rate 7%
$329,286
Cap Rate 9%
$256,111
Alternative Uses
Best Use
Multifamily LT 5
$329.3K
$288.1K – $384.2K
NOI $23,050 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$295.4K
$258.4K – $344.6K
NOI $20,675 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$534.0K
$467.2K – $623.0K
NOI $37,379 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature hardwood floors, basement laundry, and updated building systems.
Where is this triplex located?
The property is located at 53 Pleasantview Ave Albany, NY.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: Three‑unit building with two two‑bedroom upper units and one one‑bedroom basement apartment; 2,024 square feet of residential space; New roof and updated windows
