Three-Family Residential Income
9 Kent Street Albany, NY 12206
New
9 Kent Street, Albany, NY, 12206
$389,000
For Sale
$389,000
MULTI_FAMILY - Other - Albany, NY
Property Size2,984 SF
Lot Size0.11 Acres
Price / SF$130.36
Days on Market2
Property Features for 9 Kent Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
- Parking
- 6
- Parking features
- Driveway
- Basement
- Unfinished
- Standard status
- Active
- APN
- 010100 65.46-2-17
- Size
- 2,984 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7569
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency
Realty One Group Key
(518) 630-5360
635 Plank Rd, Clifton Park, NY
Listed by
Asif Mahamud · License #10401341945
(518) 505-5708
Added: Jul 17 Checked: Jul 18 at 2:06 pm
MLS# 202622050
Listing URL
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.
This well-maintained three-family property includes a first-floor 3-bedroom unit, a second-floor 1-bedroom, 1-bath unit, and a third-floor 1-bedroom unit. The first-floor 3-bedroom apartment has been consistently rented for $1,900/month over the past three years and has recently become vacant. The second-floor unit is currently tenant-occupied and includes a living room. The third-floor unit features a large living room, an oversized bathroom, and in-unit laundry.
Outside, a long driveway leads to the backyard and provides off-street parking for the property.
In addition to the in-unit laundry on the third floor, there is an extra laundry area available in the basement for tenant use.
Outside, a long driveway leads to the backyard and provides off-street parking for the property.
In addition to the in-unit laundry on the third floor, there is an extra laundry area available in the basement for tenant use.
Key Highlights
- Three‑family property built in 1915 with vinyl and wood siding
- First‑floor 3‑bedroom unit recently became vacant; previously rented for $1,900/month for the past three years
- Second‑floor 1‑bedroom, 1‑bath unit with living room—currently tenant‑occupied
Local Financial Insights For Multifamily LT 5
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 | $51.9k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $48.5k | $16.27 |
| − OpEx | −$14.6k | −$4.88 |
| NOI | $34.0k | $11.39 |
2,984 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.5K
$424.8K – $566.4K
NOI $33,983 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$435.4K
$381.0K – $508.0K
NOI $30,481 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K
NOI $55,109 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family with two 1-bedroom units and a 3-bedroom unit, plus off-street parking and laundry access.
Where is this triplex located?
The property is located at 9 Kent Street Albany, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Three‑family property built in 1915 with vinyl and wood siding; First‑floor 3‑bedroom unit recently became vacant; previously rented for $1,900/month for the past three years; Second‑floor 1‑bedroom, 1‑bath unit with living room—currently tenant‑occupied
