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3 Leonard Pl Albany, NY 12202

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For Sale
Contact for pricing

Eight-unit building, excellent potential

Property size:
5,750 SF

Property Features for 3 Leonard Pl

General Information

Property type
Multifamily properties
Square Feet
5,750 SF
Lot Size
5,663 SF

Building Details

Year Built
1920
Buildings
1
Stories
3
Units
8

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Listing Contact
Jesse D Tranvaag
Jesse D Tranvaag

Listing Agency: Berkshire Hathaway HomeServices Blake, REALTORS Listing Agent: Jesse D Tranvaag

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional multifamily investment opportunity presents a three-story, eight-unit apartment building located at 3-4 Leonard Place in Albany, New York, 12202. The property, built in 1920, boasts a total of 5,750 square feet situated on a 0.13-acre lot. The asking price is $735,000, translating to a price per square foot of $127.83 and a price per unit of $91,875. The building includes four parking spaces, a significant advantage in this location. The property is zoned R2A. The building comprises one structure with eight units, offering a mix of fully renovated units and units ripe for upgrades to enhance rental income. This presents a compelling opportunity to increase the property's overall return on investment. This is an ideal investment for both first-time investors seeking a strong entry point into the multifamily market and experienced investors looking to expand their existing portfolio. The property includes two parcels: 3 Leonard (APN 76.39-1-13) and 4 Leonard (APN 76.39-1-12). This well-located Albany property offers significant potential for growth and strong cash flow.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Albany
County
Albany
State
New York
Longitude
-73.7698902
Latitude
42.648615

FAQs

What type of property is this?
Multifamily property - Eight-unit building, excellent potential
Where is this multifamily property located?
The property is located at 3 Leonard Pl Albany, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Eight-unit multifamily building in Albany, NY.; 5,750 square feet on a 0.13-acre lot.; Asking price: $735,000 ($127.83/SF, $91,875/unit).
(607) 437-3351 Call to check price and availability
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