72 Grand Street, Albany, NY 12202
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72 Grand Street, Albany, NY 12202
72 Grand Street, Albany, NY 12202
72 Grand Street, Albany, NY 12202
72 Grand Street, Albany, NY 12202
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Listed by Brianna Huynh • Coldwell Banker Prime Properties
$ 299,999
Est. payment /mo
New

72 Grand Street Albany, NY 12202

6 Beds

3 Baths

2,820 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,820 sqft

Price per Sqft $106

Subdivision Mansion District

MLS Listing ID 202618421

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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Erin Sipowicz

Erin Sipowicz

Licensed Real Estate Salesperson

+1(518) 307-6348

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72 Grand Street