Albany Triplex: Investment
72 Bassett Street, Albany, NY 12202
MULTI_FAMILY - Albany, NY
Property size:
1,368 SFLot size:
0.02 AcresPrice / SF:
$182/SF- Added:
- Dec 6, 2025
- Days on Market:
- 163
- Last Refresh:
- May 18 at 3:06 pm
Property Features for 72 Bassett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Off Street
- Basement
- Apartment, Finished, Full
- Standard status
- Active
- APN
- 010100 76.65-4-58
- Size
- 1,368 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8864
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 3
- Flooring type
- Laminate, Carpet, Vinyl
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Alexandria Sifontes License #10401330797 (518) 470-8474
Listing office CapMark Realty LLC 402 Broadway, New City, NY (518) 877-6385
Listing date Dec 6, 2025
MLS# 202530553
Listing URL
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HighLights
- Vacant 2nd‑floor unit ideal for owner‑occupancy or immediate rental income.
- Built‑in cash flow from tenant‑occupied 1st‑floor and basement units.
- Opportunity to increase rental income through cosmetic updates and market rent adjustments.
- Prime location near Downtown Albany, Empire State Plaza, Albany Waterfront, and major highways.
- Located in a growing area with new development, infrastructure improvements, and community revitalization.
- Solid brick construction.
Overview
This three-unit property presents an investment opportunity in Albany's South End, situated minutes from Downtown Albany, the Empire State Plaza, the Albany Waterfront, and major highways. The property includes a vacant 2nd-floor unit, suitable for an owner-occupant or immediate rental. The 1st-floor and 2nd-floor units offer potential for cosmetic updates to increase value and maximize rents. The basement apartment has been recently updated. The 1st-floor and basement units are tenant-occupied on month-to-month leases, providing cash flow and flexibility. Current rents are below market value, with potential for higher rates after updates. Located in an area with ongoing growth and public investment, the South End and Downtown corridors are experiencing new development, infrastructure improvements, and community revitalization. The location is near local shops, public transit, restaurants, parks, and government offices, supporting long-term rental demand. The property, with a size of 1368 square feet and a lot size of 0.02 acres, is a solid investment with room to add value.
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
- -73.757255
- Latitude
- 42.639683
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property in Albany's South End, near downtown.
Where is this triplex located?
The property is located at 72 Bassett Street Albany, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Vacant 2nd‑floor unit ideal for owner‑occupancy or immediate rental income.; Built‑in cash flow from tenant‑occupied 1st‑floor and basement units.; Opportunity to increase rental income through cosmetic updates and market rent adjustments.
