238 Ontario Street, Albany, NY 12203
238 Ontario Street, Albany, NY 12203
238 Ontario Street, Albany, NY 12203
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Listed by Daniel Odabashian • New Scotland Realty
$239,000
Est. payment /mo
6 Beds
3 Baths
2,244 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,244 sqft

Price per Sqft $106

MLS Listing ID 202610430

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1890

Annual Tax Amount $6,741

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Triplex

Source Global MLS

Property Description

Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income.

The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.

First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26

Can be packaged with 3-unit 558 Washington Ave or sold separately.

Location

State NY

County Albany

Direction Continue on Quail St for about 0.4 miles. Turn right onto Ontario St. Continue straight — 238 Ontario St will be on your left.

Interior

Heating Baseboard, Hot Water, Natural Gas

Exterior

Exterior Feature None

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 010100 65.61-2-28

Special Listing Condition Standard

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