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Listed by Alexandria Sifontes • CapMark Realty LLC

$ 250,000

Est. payment -/mo

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72 Bassett Street Albany, NY 12202

3 Beds

3 Baths

1,368 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,368 sqft

Price per Sqft $182

MLS Listing ID 202530553

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1890

Annual Tax Amount $8,863

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 19.2X55.7

Property Sub-Type Triplex

Source Global MLS

Property Description

Discover a great investment opportunity in Albany's South End with this three-unit property located just minutes from Downtown Albany, the Empire State Plaza, the Albany Waterfront, and major highways. The 2nd-floor unit is vacant, offering an ideal option for an owner-occupant or immediate rental potential. The 1st-floor and 2nd-floor units offer room for cosmetic updates, allowing a new owner to add value and maximize rents, while the basement apartment has been recently updated. The 1st-floor and basement units are tenant-occupied on month-to-month leases, providing built-in cash flow with flexibility for future plans. The current rents being received are below market value. With the right updates, higher rental rates can be achieved.

Situated in an area experiencing continued growth and public investment, the South End and Downtown corridors are seeing new development, infrastructure improvements, and community revitalization. Close to local shops, public transit, restaurants, parks, and government offices, this location offers strong long-term rental demand. A solid addition to any investment portfolio with room to add value.

Location

State NY

County Albany

Direction Head southwest on S Pearl St -Turn left onto Bassett St. Continue a short distance; property will be on the right.

Interior

Heating Hot Water

Flooring Vinyl, Carpet, Laminate

Equipment None

Exterior

Exterior Feature None

Parking Features Off Street

Roof Type Rubber

Porch Other

Building

Lot Description Other

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.65-4-58

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Other

Traci Cornwell

Broker

+1(518) 334-3444

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Albany, NY