Albany, NY 12203,558 Washington Avenue
Albany, NY 12203,558 Washington Avenue
Albany, NY 12203,558 Washington Avenue
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Listed by Daniel Odabashian • New Scotland Realty
$325,000
Est. payment /mo
7 Beds
3 Baths
2,562 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,562 sqft

Price per Sqft $126

MLS Listing ID 202610506

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 1904

Annual Tax Amount $5,291

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Triplex

Source Global MLS

Property Description

Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability.

Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property.

Can be packaged with 3-unit 238 Ontario St or sold separately.

Location

State NY

County Albany

Direction Continue on Washington Ave for about 1.3 miles. 558 Washington Ave will be on your right.

Interior

Heating Radiant, Natural Gas

Exterior

Exterior Feature None

Roof Type Shingle,Asphalt

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 010100 65.54-3-5

Special Listing Condition Standard

Virtual Tour https://youriguide.com/558_washington_ave_albany_ny/

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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