12230, NY homes for sale & real estate

12230, NY Homes for Sale

This ''all brick '' Albany Triplex is an incredible opportunity for a solid investment yielding high rents, or perfect for owner occupy. Loads of updates made, including Garden level/1st floor conversion from electric heat to gas, 2nd floor complete renovation including kitchen cabinets, sink, countertops, and backsplash. Bath w/ new sink, cabinets, refinished shower tile, vanity . New flooring, windowsills, and interior doors. Convenient location on bus-line, near Washington Park, shops, restaurants, Palace Theater, and all downtown has to offer. Tenants to pay heat, hot water separately. Apartments are all vacant. Easy to show! Property is currently being rezoned to a three family.

12230, NY Homes for Sale

39-year owner with long term tenants makes for a great investment as projected rents could approach $5,500/month with garage rented separately. 4th floor apartment can be rented immediately for $950/month or left vacant until closing. Priced well below other 4-unit properties and those with similar rent potential, especially with an oversized 2-car garage accessible from the yard or Van Zandt Street. Although some apartments are listed as 1 bedroom, the tenants have elected to use them as 2 bedrooms. Close to MVP Arena, Empire State Plaza, Albany Capital Center, Cafe Capriccio and I-87.

12230, NY Homes for Sale

Fantastic investment opportunity in the heart of Albany! This vacant triplex offers three spacious 3-bedroom units — one with 2 full baths and two with 1 full bath each. The property has seen valuable updates including a roof less than 10 years old, newer flooring, and some newer windows. Each unit is bright, well-maintained, and ready for immediate occupancy — perfect for investors or owner-occupants alike. The massive parking lot accommodates up to 16 vehicles, a rare find in the city! Excellent cap rate potential and conveniently located near Albany Medical Center, St. Peter's Hospital, bus lines, schools, and quick access to I-787, I-90, and major highways. Close to shopping

12230, NY Homes for Sale

Turnkey investment with upside! This 1,880 sqft duplex features two generous three-bedroom units, each with a formal living room, dining room, and laundry hookups. Fully occupied and separately metered to minimize expenses, it offers cash flow potential from day one. Recent updates include newer appliances, sewer line and front deck replacement (2025). The first floor tenant is month-to-month, offering flexibility and room for rent growth. A great fit for investors seeking cash flow with value-add potential.