Three-Unit Property With
For Sale
$325,000
558 Washington Avenue, Albany, NY 12203
Fully occupied multifamily property with radiant heating and natural gas service.
Property SizeContact for details
Days on Market229
Property Features for 558 Washington Avenue
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Cap Rate
8.34%
Public Transit
Yes
Amenities
Radiant
Natural Gas
Shingle, Asphalt
Building Details
Year Built
1904
Listing Agency:
New Scotland Realty
(917) 650-1387
Listed By:
Daniel Odabashian · License #10401312571
Source:
Kw
Added: Jan 14
Changed: Aug 28
Last Checked: Aug 31 at 1:20AM
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 New Scotland Realty
Investment Insights
Based on property information with market context.
This multifamily property contains three occupied units, each arranged as a two-bedroom, one-bath residence. Interior features include radiant heating and natural gas service, while the exterior uses shingle and asphalt materials. A three-car garage sits directly behind the property, providing additional improvement space.
Built in 1904, the property is located at 558 Washington Avenue in Albany, New York. The nearest bus stop is approximately 11 minutes away, and Albany High is within walking distance. The property has maintained consistent performance over the past 11 years and is currently operating at an 8.34% cap rate.
Built in 1904, the property is located at 558 Washington Avenue in Albany, New York. The nearest bus stop is approximately 11 minutes away, and Albany High is within walking distance. The property has maintained consistent performance over the past 11 years and is currently operating at an 8.34% cap rate.
Key Highlights
- Three occupied units, each with a 2‑bedroom, 1‑bath layout
- Currently achieving an 8.34% cap rate
- Three‑car garage located directly behind the property
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied multifamily property with radiant heating and natural gas service.
Where is this triplex located?
The property is located at 558 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three occupied units, each with a 2‑bedroom, 1‑bath layout; Currently achieving an 8.34% cap rate; Three‑car garage located directly behind the property
