Bought with Shania Holt • Find Advisors
$300,000
$299,999
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72 Grand Street Albany, NY 12202
6 Beds
3 Baths
2,820 SqFt
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,820 sqft
Price per Sqft $106
Subdivision Mansion District
MLS Listing ID 202618421
Sold Date 07/28/26
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1875
Annual Tax Amount $9,000
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Triplex
Source Global MLS
Property Description
Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth.
Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms.
The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment.
Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area.
Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.
Location
State NY
County Albany
Community Mansion District
Zoning Multi Residence
Direction From Madison Ave, turn left on Grand St. Destination is on your left.
Interior
Interior Features High Speed Internet, Walk-In Closet(s), Built-in Features
Heating Baseboard, Natural Gas
Flooring Vinyl, Carpet
Equipment None
Fireplace No
Window Features Skylight(s),Double Pane Windows
Exterior
Exterior Feature None
Parking Features None
Roof Type Flat
Porch Rear Porch, Deck, Enclosed
Building
Sewer Public Sewer
Water None
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 76.49-3-79
Special Listing Condition Standard
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