3 Leonard Pl Albany, NY 12202
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Eight-unit building, excellent potential
Property size:
5,750 SFProperty 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
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.
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
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7698902
- Latitude
- 42.648615
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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).
