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Cash-Flowing Albany Investment Opportunity

72 Grand Street, Albany, NY 12202

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Pending

$299,999

MULTI_FAMILY - Other - Albany, NY

Property size:

2,820 SF

Lot size:

0.05 Acres

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
Newer kitchens with granite countertops across all three units; two units include renovated bathrooms
Updated electrical and mechanical improvements reported, plus built‑in features and high‑speed internet
Built in 1875 with brick construction, flat roof, natural gas baseboard heat, and public sewer; approved plans next door at 70 Grand Street for a community center and office space

We can help!

Contact an agent

Brianna Huynh

Pending

$299,999

MULTI_FAMILY - Other - Albany, NY

Property size:

2,820 SF

Lot size:

0.05 Acres

Added:: May 29, 2026
Days on Market:: 39
Last Refresh:: Jul 6 at 1:06 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

We can help!

Contact an agent

Brianna Huynh

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

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
Newer kitchens with granite countertops across all three units; two units include renovated bathrooms
Updated electrical and mechanical improvements reported, plus built‑in features and high‑speed internet
Built in 1875 with brick construction, flat roof, natural gas baseboard heat, and public sewer; approved plans next door at 70 Grand Street for a community center and office space

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.75649
Latitude: 42.645814

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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

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

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