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Updated 3-Unit Triplex
For Sale
$259,900
Pending

54 Alexander St, Albany, NY 12202

Three-unit property with a 2021 silicone-coated roof and two apartments intentionally left vacant for tenant selection.

Property Size2,415 SF
Days on Market232

Property Features for 54 Alexander St

General Information

Standard status Pending
Size 2,415 SF
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $5,069

Building Details

Buildings 1
Listing Agency: Crystal Coleman Realty LLC
Listed By: Melissa Hems · License #10401215159
Source: Exprealty
Added: Jan 11 Changed: Aug 30 Last Checked: Aug 31 at 12:03AM

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 Crystal Coleman Realty LLC

Investment Insights

Based on property information with market context.

This 2,415-square-foot triplex contains three apartments and has received multiple updates completed in 2021. The building’s roof was silicone-coated that year, providing a documented improvement to the property’s major systems.

The property is located at 54 Alexander St in Albany, NY. Two apartments are being kept vacant intentionally, allowing the incoming owner to determine the next tenancy, while the building is being transitioned for new ownership. The current vacancy arrangement and unit count offer a clear starting point for repositioning the three-unit asset.

Key Highlights

  • Three‑unit triplex totaling 2,415 SF
  • Silicone‑coated roof completed in 2021
  • Multiple property updates completed in 2021

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Skin Care Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Home Appliance Store

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

1,135
Businesses Nearby

Demographics for 12202, NY

10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
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-unit property with a 2021 silicone-coated roof and two apartments intentionally left vacant for tenant selection.
Where is this triplex located?
The property is located at 54 Alexander St Albany, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,415 SF; Silicone‑coated roof completed in 2021; Multiple property updates completed in 2021
More about this property
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