Excellent opportunity to own a fully renovated 3-unit investment property in one of Albany's strongest rental corridors! 257 Western Ave has been renovated from top to bottom, including major improvements such as rebuilt fire escapes, new plumbing, electric and new hot water tanks. Great opportunity for investors - a turn-key asset with significant upside potential. Two units are currently vacant, and the third unit will be vacated at the end of May, creating the rare opportunity for an owner to place their own tenants at current market rents and maximize cash flow from day one. Separate utilities keep operating expenses streamlined for ownership. Located in a high-demand rental area near colleges, hospitals, restaurants, shopping, public transportation and downtown Albany. Whether you are looking to expand your portfolio or owner occupy while generating income, this property checks all the boxes. Showings begin Saturday 5/9.
Pending
$424,900
257 Western Avenue, Albany, NY 12203
5beds
2,550sqft
Triplex, Multi Family
Built in 1890
-- sqft lot
$427,700 Zestimate®
$167/sqft
$-- HOA
What's special
New plumbingNew hot water tanksRebuilt fire escapes
- 75 days |
- 30 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Clancy Real Estate 518-861-7016,
Kevin Clancy 518-461-9937
Source: Global MLS,MLS#: 202616546
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas
Appliances
- Laundry: In Basement
Features
- Ceiling Fan(s), High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
- Flooring: Ceramic Tile, Hardwood, Laminate
- Basement: Apartment,Exterior Entry,Finished,Walk-Out Access
Interior area
- Total structure area: 2,550
- Total interior livable area: 2,550 sqft
- Finished area above ground: 2,550
- Finished area below ground: 850
Property
Parking
- Parking features: None
Features
- Patio & porch: Deck
- Exterior features: None
Lot
- Size: 2,178 Square Feet
- Features: Level
Details
- Parcel number: 65.61551
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Rubber
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: $167/sqft
- Tax assessed value: $157,292
- Annual tax amount: $4,850
- Date on market: 5/6/2026
- Tenant pays: Hot Water, Heat, Internet, Cable TV, Electricity
Estimated market value
$427,700
$406,000 - $449,000
$2,133/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Pending sale | $424,900$167/sqft |
Source:  Global MLS #202616546 Report a problem | ||
| 5/6/2026 | Listed for sale | $424,900+196.1%$167/sqft |
Source: Global MLS #202616546 Report a problem | ||
| 6/3/2022 | Sold | $143,500+4.5%$56/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 3/1/2022 | Pending sale | $137,300$54/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 2/9/2022 | Price change | $137,300-23.7%$54/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 11/4/2021 | Listed for sale | $180,000$71/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 10/22/2021 | Pending sale | $180,000$71/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 10/4/2021 | Listed for sale | $180,000$71/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 9/14/2021 | Pending sale | $180,000$71/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 8/27/2021 | Price change | $180,000-10%$71/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 7/8/2021 | Pending sale | $200,000$78/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 5/21/2021 | Listed for sale | $200,000-4.7%$78/sqft |
Source: Global MLS #202119029 Report a problem | ||
| 7/21/2016 | Listing removed | $209,900$82/sqft |
Source: Field Realty #10298646 Report a problem | ||
| 3/8/2016 | Listed for sale | $209,900+5%$82/sqft |
Source: Field Realty #201604097 Report a problem | ||
| 5/12/2014 | Listing removed | $199,900$78/sqft |
Source: RealtyUSA #201331008 Report a problem | ||
| 11/12/2013 | Price change | $199,900-4.8%$78/sqft |
Source: RealtyUSA #201331008 Report a problem | ||
| 10/16/2013 | Listed for sale | $209,900-2.4%$82/sqft |
Source: RealtyUSA.com #201331008 Report a problem | ||
| 10/13/2005 | Sold | $215,000$84/sqft |
Source: Global MLS #25112875 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $151,000 |
| 2024 | -- | $151,000 -29.4% |
| 2023 | -- | $214,000 |
| 2022 | -- | $214,000 |
| 2021 | -- | $214,000 |
| 2020 | -- | $214,000 |
| 2019 | -- | $214,000 |
| 2018 | -- | $214,000 |
| 2017 | $8,241 +0.6% | $214,000 |
| 2016 | $8,191 | $214,000 +0.8% |
| 2015 | -- | $212,400 |
| 2014 | -- | $212,400 |
| 2013 | -- | $212,400 |
| 2012 | -- | $212,400 |
| 2011 | -- | $212,400 |
| 2010 | -- | $212,400 |
| 2009 | -- | $212,400 |
| 2008 | -- | $212,400 |
| 2007 | -- | $212,400 +100.6% |
| 2006 | -- | $105,900 |
| 2005 | -- | $105,900 |
| 2004 | -- | $105,900 |
| 2003 | -- | $105,900 +0.9% |
| 2002 | -- | $105,000 |
| 2001 | -- | $105,000 |
| 2000 | -- | $105,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Pine Hills
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.4 mi
- 2/10NORTH ALBANY ACADEMY MIDDLE SCHOOLGrades: 6-8Distance: 2.1 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.3 mi
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.
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A local agent can set up tours, give advice and negotiate with sellers.
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