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$439,000
Monthly Est:$2,185
9 Beds
3 Baths3 full baths
3,699sqft
274 Morton Ave, Albany, NY 12209
$439,000
$2,185/moEst:
Get Pre-Approved
Triplex
Built in 1925
$-- HOA
0.05 acre lot
$119/sq.ft
Description
PRICE IMPROVEMENT! Strong-performing 3-family in Albany — pro-forma cap rate of 9.5%+ at the new price. First and third floor units are rented at $1,500/month each ($36,000/year in place). The second-floor unit is delivered VACANT — perfect for an owner-occupant to live in while the other two units cover the mortgage, or lease it at market rent ($1,600-$1,700/month) to maximize income. Total pro-forma gross income of approx. $55,000+/year against total annual expenses of only approx. $13,306. Nine bedrooms total across 3,699 sq ft, three full baths, spacious layouts in every unit. All three units have been renovated within the past 2-3 years — just collect the rent. Great location — directly across from the park and just minutes from Albany Medical Center, Turnkey investment or owner-occupant opportunity — bring your buyers!
- Houzeo last checked: 12 hours ago
- Listing updated: November 2, 2026 at 12:08 am
- Listing Provided by: Qiu Qin Zheng (845) 901-8454 DRE #10401299971 | Gilcrest Properties (518) 610-8121
- Source: Greater Capital Association of Realtors (Global) MLS-NY | MLS#: 202629205
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1925
HOA Fees
-
Finished Area
3,699 sqft
Lot Size
0.05 acre lot
Basement Area
- sqft
MLS Name
Greater Capital Association of Realtors (Global) MLS
MLS Number
202629205
MLS Status
Active
Days on Market
5
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 3
Interior
Heating
Forced Air, Natural Gas
Exterior Features
None, Garden
Flooring
Hardwood, Laminate
Sewer
Public Sewer
Construction
Year Built
Year Built: 1925
Home type
Triplex
Roof
Flat, Rubber
Property Condition
Updated/remodeled
Construction Materials
Aluminum Siding
Architectural Style
Traditional
Utilities & Energy
Basement
Unfinished
Water Source
Public
Other Features
Tenant Pays
Hot Water, Heat, Internet, Snow Removal, Central Air, Dsl Internet, Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
10/29/2026 Source: | Listed for Sale | $439,000 -6.40% $119/sqft |
10/29/2026 Source: | Price Increased | $469,000 +346.67% $127/sqft |
11/05/2024 Source: | Price Decreased | $105,000 -4.46% $28/sqft |
11/05/2024 Source: | Price Decreased | $109,900 -0.09% $30/sqft |
08/31/2018 Source: | Sold | $110,000 -11.93% $30/sqft |
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Based on information from the Global Multiple Listing Service, Inc. through Nov 02, 2026, 02:15PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Global Multiple Listing Service, Inc. All Rights Reserved.
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