Turnkey Three-Unit Income
88 Ontario Street Albany, NY 12206
88 Ontario Street, Albany, NY, 12206
$275,000
For Sale
$275,000
Fully tenant-occupied three-unit property with 6 bedrooms and 3 full bathrooms, offered for sale.
Property Size2,420 SF
Price / SF$113.64
Days on Market62
Property Features for 88 Ontario Street
General Information
- Standard status
- Active
- Size
- 2,420 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
GROUP TWENTY SIX NY LLC
Listed by
Linda Chiou
(518) 639-4663
Source
Signatureonerealtygroup
Added: May 22 Updated: Jul 21 at 11:56AM Checked: Jul 21 at 11:56AM
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 GROUP TWENTY SIX NY LLC
Investment Insights
Based on property information with market context.
This fully tenant-occupied three-unit property is turnkey and income-producing, with a total of 6 bedrooms and 3 full bathrooms across the three units. The offering includes established tenants in place, supporting immediate rental income.
The property sits on a double lot at 88-90 Ontario Street in Albany, NY, providing additional land area as part of the investment.
With all units occupied, the configuration supports a straightforward, ready-to-operate multifamily setup for investors seeking a residential income asset.
The property sits on a double lot at 88-90 Ontario Street in Albany, NY, providing additional land area as part of the investment.
With all units occupied, the configuration supports a straightforward, ready-to-operate multifamily setup for investors seeking a residential income asset.
Key Highlights
- Fully tenant‑occupied three‑unit property
- 6 bedrooms and 3 full bathrooms total
- All units are occupied with established tenants in place
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.9k | $19.80 |
| − Vacancy | −$3.0k | −$1.23 |
| EGI | $44.9k | $18.57 |
| − OpEx | −$20.2k | −$8.36 |
| NOI | $24.7k | $10.21 |
2,420 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.7K
$344.5K – $459.3K
NOI $27,560 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$353.1K
$309.0K – $412.0K
NOI $24,720 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$638.5K
$558.7K – $744.9K
NOI $44,693 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully tenant-occupied three-unit property with 6 bedrooms and 3 full bathrooms, offered for sale.
Where is this triplex located?
The property is located at 88 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully tenant‑occupied three‑unit property; 6 bedrooms and 3 full bathrooms total; All units are occupied with established tenants in place
