257 Western Avenue
Albany, NY 12203
$450,000
Excellent opportunity to own a fully renovated 3-unit investment property in one of Albany's strongest rental corridors! 257 Western Ave has been renovated from top to bottom, including major improvements such as rebuilt fire escapes, new plumbing, electric and new hot water tanks. Great opportunity for investors - a turn-key asset with significant upside potential. Two units are currently vacant, and the third unit will be vacated at the end of May, creating the rare opportunity for an owner to place their own tenants at current market rents and maximize cash flow from day one. Separate utilities keep operating expenses streamlined for ownership. Located in a high-demand rental area near colleges, hospitals, restaurants, shopping, public transportation and downtown Albany. Whether you are looking to expand your portfolio or owner occupy while generating income, this property checks all the boxes. Showings begin Saturday 5/9.
| Listing Id: | 202616546 |
|---|---|
| List Price: | $424,900 |
| Close Price: | $450,000 |
| Close Date: | 2026-07-22 |
| Property Type: | Multi-Family |
| Property Sub Type: | Triplex |
| Status: | Closed |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 3 |
| Living Area: | 2,550 |
| Tax Annual Amount: | $4,850 |
| Lot Size Square Feet: | 2,178.0 |
| Lot Size Acres: | 0.05 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12203 |
| Year Built: | 1890 |
| List Agent Full Name: | Kevin Clancy |
| Buyer Agent Full Name: | Garret P Hebert |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Deck |
| Association Fee Includes: | Sewer |
| Heating?: | Yes |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Walk-Out Access, Apartment, Exterior Entry, Finished |
| State Or Province: | NY |
| Lot Features: | Level |
| Special Listing Conditions: | Standard |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 17.50 x 116 |
| High School: | Albany |
| Laundry Features: | In Basement |
| Roof: | Rubber |
| Lot Size Area: | 0.05 |
| Parking Features: | None |
| Documents Change Timestamp: | 2026-05-06T13:36:19Z |
| Heating: | Baseboard |
| Directions: | Western Avenue between Quail and Ontario. |
| Flooring: | Laminate, Ceramic Tile, Hardwood |
| Listing Contract Date: | 2026-05-06 |
| Parcel Number: | 65.61-5-51 |
| List Agent Key: | 20211012221128062965000000 |
| Construction Materials: | Brick |
| Water Source: | Public |
| High School District: | Albany |
| Above Grade Finished Area: | 2,550.0 |
| Owner Pays: | Water |
| Below Grade Finished Area: | 850.0 |
| Buyer Agent Key: | 20211012215247588402000000 |
| Buyer Office Key: | 20211012214317796035000000 |
| Tenant Pays: | Internet, Cable TV, Electricity, Heat, Hot Water |
| Postal City: | Albany |
| Above Grade Finished Area Source: | Public Records |
| Original List Price: | $424,900 |
| Possession: | At Closing |
| Pending Timestamp: | 2026-05-12 |
| Below Grade Finished Area Source: | Public Records |
| Buyer Agent Middle Name: | P |
| Bathrooms Total Decimal: | $3.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Status Change Info Sold Price Sq Ft2: | $176.47 |
| Parcel Tax Hoa Total Taxes Description: | Estimated |
| Financial Details General Taxes: | $2,548.52 |
| Financial Details General Taxes Description: | Estimated |
| Financial Details School Taxes: | $2,301.66 |
| Financial Details School Taxes Description: | Estimated |
| Bath Levels Full Bath 1: | Basement |
| Bath Levels Full Bath 2: | 1st |
| Bath Levels Full Bath 3: | 2nd |
| Income And Expenses Rental Income: | $52,200.00 |
| Income And Expenses Rental Income Description: | Estimated |
| Unit Information Number Of Refrigerators: | 3 |
| Unit Information Number Of Stoves: | 3 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | Basement |
| Multi Family Unit 1 Detail Unit Available Mf Unit 1: | Vacant |
| Multi Family Unit 1 Detail Occupant Type Mf Unit 1: | Vacant |
| Multi Family Unit 1 Detail Monthly Rent Mf Unit 1: | 1,400 |
| Multi Family Unit 1 Detail Rent Desc Mf Unit 1: | Estimated |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 3 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 1 |
| Multi Family Unit 2 Detail Occupant Type Mf Unit 2: | Tenant |
| Multi Family Unit 2 Detail Monthly Rent Mf Unit 2: | 1,300 |
| Multi Family Unit 2 Detail Rent Desc Mf Unit 2: | Actual |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 3 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 1 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | FL 2&3 |
| Multi Family Unit 3 Detail Monthly Rent Mf Unit 3: | 1,500 |
| Multi Family Unit 3 Detail Rent Desc Mf Unit 3: | Estimated |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 5 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 3 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Unit 1 Detail Rent: | 1,400 |
| Unit 1 Detail Rent Description Unit 1: | Estimated |
| Unit 1 Detail Occupant Type Unit 1: | Vacant |
| Unit 1 Detail Kitchen Unit 1: | Eat In |
| Unit 1 Detail Total Bedrooms3: | 1 |
| Unit 1 Detail Bedrooms In Basement: | 1 |
| Unit 1 Detail Total Full Baths3: | 1 |
| Unit 1 Detail Full Baths In Basement: | 1 |
| Unit 1 Detail Kitchens In Basement: | 1 |
| Unit 1 Detail Living Rooms 1st Floor: | 1 |
| Unit 2 Detail Rent2: | 1,300 |
| Unit 2 Detail Rent Description Unit 2: | Actual |
| Unit 2 Detail Occupant Type Unit 2: | Tenant |
| Unit 2 Detail Kitchen Unit 2: | Eat In |
| Unit 2 Detail Total Rooms Unit 2: | 3 |
| Unit 2 Detail Total Bedrooms4: | 1 |
| Unit 2 Detail Bedrooms On 1st Floor2: | 1 |
| Unit 2 Detail Total Full Baths4: | 1 |
| Unit 2 Detail Full Baths 1st Floor2: | 1 |
| Unit 2 Detail Kitchens 1st Floor2: | 1 |
| Unit 2 Detail Living Rooms 1st Floor2: | 1 |
| Unit 3 Detail Rent3: | 1,650 |
| Unit 3 Detail Rent Description Unit 3: | Estimated |
| Unit 3 Detail Occupant Type Unit 3: | Vacant |
| Unit 3 Detail Total Bedrooms5: | 3 |
| Unit 3 Detail Bedrooms On 2nd Floor3: | 1 |
| Unit 3 Detail Bedrooms On 3rd Floor3: | 2 |
| Unit 3 Detail Full Baths 2nd Floor3: | 1 |
| Unit 3 Detail Kitchens 2nd Floor3: | 1 |
| Unit 3 Detail Living Rooms 2nd Floor3: | 1 |
| Levels: | Three Or More |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Combination Ownership |
| Unit 1 Owner Furnish Features: | Water, Sewer |
| Unit 2 Owner Furnish Features: | Water, Sewer |
| Unit 3 Owner Furnish Features: | Water, Sewer |
| Separate Utilities: | Electric, Gas, Heat |
| Architectural Style: | Traditional |
| Unit 1 Appliances: | Range, Refrigerator |
| Unit 1 Dining Room Type: | None |
| Unit 1 Amenities: | Ceramic Tile, High Speed Internet |
| Unit 2 Appliances: | Range, Refrigerator |
| Unit 2 Dining Room Type: | None |
| Unit 2 Amenities: | Ceramic Tile |
| Unit 3 Appliances: | Range, Refrigerator |
| Unit 3 Dining Room Type: | Dining Area |
| Unit 3 Amenities: | Ceramic Tile, High Speed Internet |
| Unit 1 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 2 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Unit 3 Includes: | Bathroom, Kitchen, Living Room, Refrigerator, Stove |
| Exterior Features: | None |
Listing Courtesy of: Clancy Real Estate
Listing Agent: Kevin Clancy
518-461-9937
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
