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Cash-Flowing Albany Investment Opportunity

72 Grand Street Albany, NY 12202

72 Grand Street, Albany, NY, 12202

$299,999

Pending

For Sale

$299,999

Pending

MULTI_FAMILY - Other - Albany, NY

Property Size2,820 SF

Lot Size0.05 Acres

AddedMay 29

Days on Market49

Last RefreshJul 16 at 5:06 am

Property Features for 72 Grand Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Multi Residence
Bedrooms: 6
Bathrooms: 3
Rooms: Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 5
Window features: Double Pane Windows, Skylight(s)
Patio and Porch features: Porch, Deck
Interior features: High Speed Internet, Walk-In Closet(s), Built-in Features
Basement: Full, Interior Entry
Standard status: Pending
APN: 010100 76.49-3-79
Size: 2,820 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 9000

Utilities

Sewer type: Public Sewer
Heating system: Baseboard, Natural Gas

Building Details

Year built: 1875
Number of units: 3
Flooring type: Vinyl, Carpet
Building materials: Brick
Roof type: Flat
Architectural style: Other

Listing agent Brianna Huynh License #10401360887

Listing office Coldwell Banker Prime Properties 433 Loudon Rd, Green Island, NY

Listing date May 29, 2026

MLS# 202618421 Listing URL

Investment Insights

Based on property information with market context.

This cash-flowing three-unit property presents an investment opportunity in Albany's historic Mansion District. Fully occupied with reliable tenants who are current on rent, the property generates over $3,300 per month in gross rental income, with potential for future rent growth. Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements. The property is positioned in an area benefiting from continued investment and redevelopment, located moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers. Approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. The property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods. The lot size is 0.05 acres and the property size is 2820 square feet.

Key Highlights

3‑unit fully occupied investment with tenants on rent generating over $3,300/month in gross rental income
Each unit features a spacious, nearly identical layout with oversized bedrooms and walk‑in closets
Enclosed rear porches for all units with access to a large second‑floor rear deck

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

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For sale
Triplexes
NY
Albany
12202
72 Grand Street

What type of property is this?

Triplex - Three-unit property in Albany's Mansion District with reliable tenants.

Where is this triplex located?

The property is located at 72 Grand Street Albany, NY.

What is the asking price?

The asking price for this property is $299,999.

What are key features of this property?

This property features: 3‑unit fully occupied investment with tenants on rent generating over $3,300/month in gross rental income; Each unit features a spacious, nearly identical layout with oversized bedrooms and walk‑in closets; Enclosed rear porches for all units with access to a large second‑floor rear deck

72 Grand Street Albany, NY 12202

MULTI_FAMILY - Other - Albany, NY

Property Features for 72 Grand Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Office Building for Adaptive Use

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Auto Body Repair with Garage Rentals

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Flex Space with Office and Storage

FAQs