Updated Three-Unit
For Sale
$225,000
72 Bassett Street, Albany, NY 12202
MultiFamily, Albany, NY
Property Size1,368 SF
Lot Size0.02 Acres
Price / SF$164.47
Days on Market121
Property Features for 72 Bassett Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Off Street
Basement
Apartment, Finished, Full
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Head southwest on S Pearl St -Turn left onto Bassett St. Continue a short distance; property will be on the right.
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
2337
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1890
Number of units
3
Flooring type
Carpet, Laminate, Vinyl
Building materials
Brick
Roof type
Rubber
Listing Agency:
CapMark Realty LLC
(877) 638-5457
Listed By:
Alexandria Sifontes · License #10401330797
(518) 470-8474
Added: Jun 17
Changed: Oct 6
Last Checked: Oct 15 at 12:06PM
MLS# 202619875
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit triplex contains 1,368 square feet within a brick building constructed in 1890. The first- and second-floor residences are vacant, while the basement residence is occupied. Recent work has been completed throughout the three floors, and the property includes carpet, vinyl, and laminate flooring, hot-water heat, a rubber roof, and off-street parking.
The property is located on Bassett Street in Albany’s South End, near Downtown Albany, Empire State Plaza, the Albany Waterfront, shops, restaurants, parks, public transit, and government offices. Public water and public sewer serve the building. Its three-level configuration provides separate residential spaces with immediate flexibility for occupancy or leasing.
The property is located on Bassett Street in Albany’s South End, near Downtown Albany, Empire State Plaza, the Albany Waterfront, shops, restaurants, parks, public transit, and government offices. Public water and public sewer serve the building. Its three-level configuration provides separate residential spaces with immediate flexibility for occupancy or leasing.
Key Highlights
- Three‑unit triplex with 1,368 square feet
- First- and second‑floor units are vacant; basement unit is tenant‑occupied
- Brick construction dating to 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,579
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,580
$311.6K
Cap Rate 7%
$222,557
$222.6K
Cap Rate 9%
$173,100
$173.1K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$23.8K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$22.3K $16.27/SF
− OpEx
−$6.7K −$4.88/SF
NOI
$15.6K $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%
$311,580
Cap Rate 7%
$222,557
Cap Rate 9%
$173,100
Alternative Uses
Best Use
Multifamily LT 5
$222.6K
$194.7K – $259.7K
NOI $15,579 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$360.9K
$315.8K – $421.1K
NOI $25,264 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick construction with off-street parking, public utilities, and flexible occupancy across three residential units.
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 $225,000.
What are key features of this property?
This property features: Three‑unit triplex with 1,368 square feet; First- and second‑floor units are vacant; basement unit is tenant‑occupied; Brick construction dating to 1890
