Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income.
The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.
First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26
Can be packaged with 3-unit 558 Washington Ave or sold separately.
Pending
$239,000
238 Ontario Street, Albany, NY 12203
7beds
2,244sqft
Triplex, Multi Family
Built in 1890
-- sqft lot
$231,500 Zestimate®
$107/sqft
$-- HOA
What's special
- 263 days
- 17
- 0
Zillow last checked:
Listing updated:
Listed by:
New Scotland Realty 518-964-2066,
Daniel Odabashian 917-650-1387,
Samantha M Curry 603-209-1976,
New Scotland Realty
Source: Global MLS,MLS#: 202610430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water, Natural Gas
Features
- Basement: Finished
Interior area
- Total structure area: 2,244
- Total interior livable area: 2,244 sqft
- Finished area above ground: 2,244
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Exterior features: None
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 010100 65.61228
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $107/sqft
- Tax assessed value: $253,125
- Annual tax amount: $6,741
- Date on market: 1/12/2026
Estimated market value
$231,500
$218,000 - $248,000
$1,779/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Pending sale | $239,000$107/sqft |
Source:  Global MLS #202610430 Report a problem | ||
| 3/3/2026 | Price change | $239,000-4%$107/sqft |
Source: Global MLS #202610430 Report a problem | ||
| 2/10/2026 | Price change | $249,000-4.2%$111/sqft |
Source: Global MLS #202610430 Report a problem | ||
| 1/14/2026 | Listing removed | $975 |
Source: Zillow Rentals Report a problem | ||
| 1/12/2026 | Listed for sale | $260,000+57.6%$116/sqft |
Source: Global MLS #202610430 Report a problem | ||
| 12/31/2025 | Price change | $975-2.5% |
Source: Zillow Rentals Report a problem | ||
| 10/23/2025 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 11/30/2018 | Sold | $165,000-2.9%$74/sqft |
Source: Global MLS #201811659 Report a problem | ||
| 8/30/2018 | Pending sale | $169,900$76/sqft |
Source: Clancy Real Estate #201811659 Report a problem | ||
| 7/12/2018 | Listed for sale | $169,900$76/sqft |
Source: Clancy Real Estate #201811659 Report a problem | ||
| 3/26/2018 | Pending sale | $169,900$76/sqft |
Source: Clancy Real Estate LLC #201811659 Report a problem | ||
| 1/30/2018 | Price change | $169,900-0.9%$76/sqft |
Source: Clancy Real Estate #201811659 Report a problem | ||
| 12/18/2017 | Price change | $171,500-2.6%$76/sqft |
Source: Clancy Real Estate LLC #201711090 Report a problem | ||
| 8/2/2017 | Listed for sale | $176,000$78/sqft |
Source: Clancy Real Estate #201711090 Report a problem | ||
| 6/14/2017 | Listing removed | $176,000$78/sqft |
Source: Clancy Real Estate #201711090 Report a problem | ||
| 6/8/2017 | Listed for sale | $176,000+7.6%$78/sqft |
Source: Clancy Real Estate #201711090 Report a problem | ||
| 12/30/2013 | Sold | $163,500$73/sqft |
Source: Public Record Report a problem | ||
| 8/29/2013 | Sold | $163,500-0.9%$73/sqft |
Source: Global MLS #201315590 Report a problem | ||
| 4/4/2013 | Listed for sale | $165,000$74/sqft |
Source: Prudential Manor Homes, REALTORS #201315590 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $243,000 |
| 2024 | -- | $243,000 +68.8% |
| 2023 | -- | $144,000 |
| 2022 | -- | $144,000 |
| 2021 | -- | $144,000 |
| 2020 | -- | $144,000 |
| 2019 | -- | $144,000 |
| 2018 | -- | $144,000 |
| 2017 | $5,031 +9.8% | $144,000 |
| 2016 | $4,583 | $144,000 +6.2% |
| 2015 | -- | $135,600 |
| 2014 | -- | $135,600 |
| 2013 | -- | $135,600 |
| 2012 | -- | $135,600 |
| 2011 | -- | $135,600 |
| 2010 | -- | $135,600 |
| 2009 | -- | $135,600 |
| 2008 | -- | $135,600 |
| 2007 | -- | $135,600 +73.8% |
| 2006 | -- | $78,000 |
| 2005 | -- | $78,000 |
| 2004 | -- | $78,000 |
| 2003 | -- | $78,000 +9.9% |
| 2002 | -- | $71,000 |
| 2001 | -- | $71,000 |
| 2000 | -- | $71,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Pine Hills
Nearby schools
Schools provided by the listing agent
- High: Albany
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $249,9006 bd2 ba1.9k sqft74 Judson Street, Albany, NY 12206Active
MLS ID #202624782, Shania Holt, Listing by: Find Advisors. Global MLS - $249,0006 bd2 ba2.3k sqft625 Clinton Avenue, Albany, NY 12206Active
MLS ID #202625701, Kareem Jandali, Listing by: Jandali Realty. Global MLS - $225,0006 bd2 ba2.1k sqft88 Elizabeth Street, Albany, NY 12202Active
MLS ID #202617899, Patrick Dunn, Listing by: KW Platform. Global MLS - $239,9006 bd2 ba2.2k sqft354 Second Avenue, Albany, NY 12209Active
MLS ID #202621119, Patrick Dunn, Listing by: KW Platform. Global MLS
