Whether you're looking to grow your investment portfolio or make a smart move into homeownership, this spacious Rensselaer triplex offers flexibility and income potential with projected annual gross rents of $27,600. Investors can take advantage of 3 generously sized apartments each with their own storage room and individually metered utilities. And owner-occupants have an especially appealing option with a 2nd-floor apartment that is available for immediate occupancy so you can just move in and let the cash flowing rental income offset your mortgage and monthly expenses while you build equity in a property of your own. Location adds even more appeal: downtown Albany is just a quick 10-minute commute, shopping and dining in North Greenbush are approximately 8 minutes away, and the Rensselaer Amtrak station--with service to NYC and beyond--is only about 5 minutes from your door. Don't miss this affordable opportunity to live, invest, or do both! 24 hour notice for showings and schedule is limited. Ask for available times.
Active
Price cut: $20K (10/29)
$259,900
1216 1st Street, Rensselaer, NY 12144
6beds
2,709sqft
Triplex, Multi Family
Built in 1850
-- sqft lot
$258,100 Zestimate®
$96/sqft
$-- HOA
What's special
- 42 days
- 390
- 23
Zillow last checked:
Listing updated:
Listed by:
KW Platform 518-935-4600,
Jenn L Baniak-Hollands 518-512-7784
Source: Global MLS,MLS#: 202627365
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric, Hot Water, Natural Gas
Cooling
- None
Appliances
- Laundry: Upper Level
Features
- Built-in Features
- Basement: None
Interior area
- Total structure area: 2,709
- Total interior livable area: 2,709 sqft
- Finished area above ground: 2,709
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Patio & porch: Front Porch
- Exterior features: None
Lot
- Size: 2,613 Square Feet
- Features: Cleared
Details
- Additional structures: None
- Parcel number: 381400 144.29427
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Other
- Roof: Rubber
Condition
- New construction: No
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s), Carbon Monoxide Detector(s)
HOA
- Has HOA: No
Location
- Region: Rensselaer
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $142,857
- Annual tax amount: $4,111
- Date on market: 10/1/2026
- Tenant pays: Hot Water, Heat, Internet, Electricity, Gas
Estimated market value
$258,100
$245,000 - $271,000
$1,575/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Price change | $259,900-7.1%$96/sqft |
Source:  Global MLS #202627365 Report a problem | ||
| 10/1/2026 | Listed for sale | $279,900+699.7%$103/sqft |
Source: Global MLS #202627365 Report a problem | ||
| 1/8/2007 | Sold | $35,000+12.9%$13/sqft |
Source: Public Record Report a problem | ||
| 4/30/1998 | Sold | $31,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $24,000 |
| 2024 | -- | $24,000 |
| 2023 | -- | $24,000 |
| 2022 | -- | $24,000 |
| 2021 | -- | $24,000 |
| 2020 | -- | $24,000 |
| 2019 | -- | $24,000 |
| 2018 | -- | $24,000 |
| 2017 | $3,286 | $24,000 |
| 2016 | -- | $24,000 |
| 2015 | -- | $24,000 |
| 2014 | -- | $24,000 |
| 2013 | -- | $24,000 |
| 2012 | -- | $24,000 |
| 2011 | -- | $24,000 +24.4% |
| 2010 | -- | $19,300 +13.5% |
| 2009 | -- | $17,000 |
| 2008 | -- | $17,000 |
| 2007 | -- | $17,000 |
| 2006 | -- | $17,000 |
| 2005 | -- | $17,000 |
| 2004 | -- | $17,000 |
| 2003 | -- | $17,000 |
| 2002 | -- | $17,000 |
| 2001 | -- | $17,000 |
| 2000 | -- | $17,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12144
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