Three-Unit Triplex with Four-Bedroom
For Sale
$477,777
77 S Allen Street, Albany, NY 12208
Residential income property with accessible features, updated systems, and a short-term rental unit.
Property Size3,495 SF
Price / SF$136.70
Days on Market99
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Property Features for 77 S Allen Street
General Information
Standard status
Active
Size
3,495 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Mariana Deluca · License #30194
(518) 258-7595
Source:
Heerrealty
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 14 at 8:07PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This 3,495-square-foot triplex, constructed in 1900, includes three four-bedroom units. The front unit provides handicap accessibility and has long-term tenants. The middle unit features new plumbing and electrical systems along with an updated kitchen and bathroom. The rear unit is currently operated as an Airbnb.
Located at 77 S Allen Street in Albany’s Pine Hills neighborhood, the property is near public transportation and neighborhood amenities. Its three-unit configuration combines distinct residential layouts with a mix of established and short-term occupancy arrangements.
Located at 77 S Allen Street in Albany’s Pine Hills neighborhood, the property is near public transportation and neighborhood amenities. Its three-unit configuration combines distinct residential layouts with a mix of established and short-term occupancy arrangements.
Key Highlights
- Three‑unit triplex with three four‑bedroom units
- 3,495 square feet across the property
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,802
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,040
$796.0K
Cap Rate 7%
$568,600
$568.6K
Cap Rate 9%
$442,244
$442.2K
Market Conditions
NOI Build-Up for 3,495 SF
Gross rent
$60.8K $17.40/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$56.9K $16.27/SF
− OpEx
−$17.1K −$4.88/SF
NOI
$39.8K $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%
$796,040
Cap Rate 7%
$568,600
Cap Rate 9%
$442,244
Alternative Uses
Best Use
Multifamily LT 5
$568.6K
$497.5K – $663.4K
NOI $39,802 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$510.0K
$446.3K – $595.0K
NOI $35,701 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$922.1K
$806.8K – $1.08M
NOI $64,546 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with accessible features, updated systems, and a short-term rental unit.
Where is this triplex located?
The property is located at 77 S Allen Street Albany, NY.
What is the asking price?
The asking price for this property is $477,777.
What are key features of this property?
This property features: Three‑unit triplex with three four‑bedroom units; 3,495 square feet across the property; Built in 1900
