Triplex with New
New
For Sale
$270,000
8 Alexander Street, Albany, NY 12202
MultiFamily, Albany, NY
Property Size1,200 SF
Lot Size0.02 Acres
Price / SF$225
Days on Market2
Property Features for 8 Alexander Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3
Window features
Double Pane Windows
Basement
Full, Partial, Exterior Entry
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
South Pearl St. - right on Alexander St. - House on left.
Standard status
Active
APN
010100 76.65-3-31
Size
1,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1641
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1861
Number of units
3
Building materials
Brick, Drywall
Roof type
Asphalt
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Jamila Belton · License #10401282078
(518) 708-3838
Added: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# 202627982
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.
Built in 1861, this 1,200-square-foot brick triplex has three apartments: two with two bedrooms each and a garden-level unit with one bedroom. The property requires rehabilitation and is offered in as-is condition. A new roof and new windows are among the completed improvements.
The 0.02-acre property has public water and public sewer service. Bus routes are nearby, and the highway is a short drive away.
The 0.02-acre property has public water and public sewer service. Bus routes are nearby, and the highway is a short drive away.
Key Highlights
- Three apartments: two two‑bedroom units and one garden‑level one‑bedroom unit
- 1,200 square feet on a 0.02‑acre lot
- New roof and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,666
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,320
$273.3K
Cap Rate 7%
$195,229
$195.2K
Cap Rate 9%
$151,844
$151.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$19.5K $16.27/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$13.7K $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%
$273,320
Cap Rate 7%
$195,229
Cap Rate 9%
$151,844
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.8K
NOI $13,666 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$175.1K
$153.2K – $204.3K
NOI $12,258 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - The building contains two two-bedroom units and a garden-level apartment with one bedroom.
Where is this triplex located?
The property is located at 8 Alexander Street Albany, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three apartments: two two‑bedroom units and one garden‑level one‑bedroom unit; 1,200 square feet on a 0.02‑acre lot; New roof and windows
