72 Grand St, Albany, NY

House

For Sale

Listed price in listed location currency (USD).

$299,999

630

MLS® 202618421

Overview

Key Facts

Type Triplex

Levels Residential Income

Size 2820 sqft

Garage

Taxes $9,000

Days Active 7

Lot Size

Approx. Age 1875

Avg. Price Per Sqft $106

MLS® Number 202618421

Property Address: 72 Grand St, Albany, NY, 12202-2243

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number202618421

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1875

BasementFull, Interior Entry

DrivewayNone

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Map

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