3-Unit Triplex with
For Sale
$429,000
Pending
669 Washington Avenue, Albany, NY 12206
Three residential units are paired with separate utilities and front and rear porch areas.
Property Size3,070 SF
Days on Market278
Property Features for 669 Washington Avenue
General Information
Standard status
Pending
Size
3,070 SF
Total Parking Spaces
4
Property subtype
Multi Family / Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,715
Amenities
Hot Water, Natural Gas, Yes
Exterior Entry, Full, Heated, Interior Entry
Carpet, Hardwood, Linoleum
Paddle Fan
Brick/Mortar
Aluminum Siding, Vinyl Siding
In Basement
Garage(s)
Other, Smoke Detector(s), Carbon Monoxide Detector(s)
Screened, Rear Porch, Covered, Enclosed, Front Porch
Building Details
Year Built
1900
Listing Agency:
All in 1 Realty LLC
Listed By:
Armando Valdes · License #10401328120
(518) 269-0789
Source:
Compass
Added: Jan 12
Changed: Oct 5
Last Checked: Oct 16 at 11:24AM
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 All in 1 Realty LLC
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Investment Insights
Based on property information with market context.
Located at 669 Washington Avenue in Albany, this triplex contains three residential units within a 1900-built property. The apartments include living areas, kitchens, and bedrooms, with a mix of hardwood, carpet, and linoleum flooring. Brick and mortar construction is complemented by aluminum and vinyl siding, while smoke and carbon monoxide detectors are installed throughout the property.
The building includes separate utilities, garage space, and a full heated basement with exterior and interior entry. Exterior amenities include a screened rear porch and covered, enclosed front porch areas. Shopping, dining, schools, hospitals, and major highways are located nearby, providing access to established daily-service and transportation options in the Capital Region.
The building includes separate utilities, garage space, and a full heated basement with exterior and interior entry. Exterior amenities include a screened rear porch and covered, enclosed front porch areas. Shopping, dining, schools, hospitals, and major highways are located nearby, providing access to established daily-service and transportation options in the Capital Region.
Key Highlights
- Three residential units in a single triplex property
- Separate utilities for the apartments
- Full heated basement with interior and exterior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,962
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,240
$699.2K
Cap Rate 7%
$499,457
$499.5K
Cap Rate 9%
$388,467
$388.5K
Market Conditions
NOI Build-Up for 3,070 SF
Gross rent
$53.4K $17.40/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$49.9K $16.27/SF
− OpEx
−$15.0K −$4.88/SF
NOI
$35.0K $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%
$699,240
Cap Rate 7%
$499,457
Cap Rate 9%
$388,467
Alternative Uses
Best Use
Multifamily LT 5
$499.5K
$437.0K – $582.7K
NOI $34,962 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$448.0K
$392.0K – $522.7K
NOI $31,359 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$810.0K
$708.7K – $945.0K
NOI $56,697 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are paired with separate utilities and front and rear porch areas.
Where is this triplex located?
The property is located at 669 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three residential units in a single triplex property; Separate utilities for the apartments; Full heated basement with interior and exterior entry
