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Listed by Lucas J Weston • KW Platform

$ 397,000

Est. payment -/mo

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695 State Street Albany, NY 12203

6 Beds

3 Baths

1,976 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,976 sqft

Price per Sqft $200

MLS Listing ID 202628110

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $5,961

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 25X140

Property Sub-Type Triplex

Source Global MLS

Property Description

Excellent Albany 3-unit investment opportunity at 695 State Street! This well-maintained property offers three separate apartments with approximately 1,976 square feet of living space plus a full basement. The first-floor 3-bedroom apartment features hardwood floors and a front porch and is currently leased at $1,450/month. The second-floor studio with enclosed porch is leased at $850/month. The second-floor 2-bedroom apartment is currently vacant, offering an immediate opportunity for an owner-occupant or new rental income. Major updates include a 2014 renovation with approximately 90% of the structure gutted and updated, including new electrical wiring, insulation, sheetrock, kitchens, bathrooms, windows, exterior doors, and three heating systems. New siding was installed in 2012 and a new roof in 2023. The property consists of two tax parcels conveyed together under one deed and includes a detached 2-stall garage located at 172 Spring Street. A strong opportunity for an investor looking for income, or an owner-occupant seeking additional rental income. Garage sold As Is. Potential gross rental income when fully occupied: approximately $42,000 annually.

Location

State NY

County Albany

Zoning Multi Residence

Direction Western Avenue to left on Quail St to left on State Street property on the right.

Interior

Interior Features High Speed Internet

Heating Baseboard, Natural Gas

Flooring Vinyl, Carpet, Hardwood

Exterior

Parking Features Off Street, Detached, Driveway, Garage

Garage Spaces 2.0

Utilities Available Cable Available

Porch Covered, Deck, Front Porch

Building

Lot Description Road Frontage, Cleared

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 65.62-3-19 01

Special Listing Condition Standard

Chrissy Hennessy

Agent License ID: 40HE1102041

+1(518) 257-0233

695 State Street Albany, NY 12203

Key Details

Location

Interior

Exterior

Building

Schools

Others

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695 State Street