Closed

$207,000

506-508 3rd Street, Albany, NY 12206

4beds

3,128sqft

Quadruplex, Multi Family

Built in 1900

-- sqft lot

$256,400 Zestimate^®

$66/sqft

$1,495 Estimated rent

Home value

$256,400

$228,000 - $287,000

$1,495/mo

Zestimate^® history

Owner options

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$1,495/mo

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$1,495/mo

Rent Zestimate^®

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$1,170/mo

Est. payment

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$1,170/mo

Est. payment

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What's special

New appliancesEnergy efficient windowsSeparate electricRear decks

Wonderful opportunity to own a 4-family (2 duplexes) in Albany! This income producing multi-unit has owner-occupancy potential. 2 recently remodeled units w/ new appliances and flooring have estimated rents of $850/mo. each. Another is currently rented w/ a long-term tenant at $715/mo. Additional unit estimated at $715/mo. Total potential rental income of $37,560/year ($3,130/month)! This property boasts rear decks that are under 10 yrs old, energy efficient windows, 4 hot water heaters, and 1 boiler w/ each unit having a preset thermostat. Tenants pay separate electric and hot water (owner furnishes heat). All units have yard access. Property is zoned R-2 District and has a full basement w/ multiple potential uses. Conveniently located near bus line and local park. A must see!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Hot Water, Natural Gas

Cooling

None

Features

Ceiling Fan(s), High Speed Internet
Flooring: Vinyl, Carpet, Linoleum
Basement: Walk-Out Access

Interior area

Total structure area: 3,128
Total interior livable area: 3,128 sqft
Finished area above ground: 3,128

Property

Features

Patio & porch: Deck
Exterior features: None
Fencing: Fenced

Lot

Size: 2,613 Square Feet
Features: Level

Details

Parcel number: 010100 65.39164
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family
Attached to another structure: Yes

Materials

Aluminum Siding

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Albany

Financial & listing details

Price per square foot: $66/sqft
Annual tax amount: $3,776
Date on market: 12/1/2023
Tenant pays: Hot Water, Internet, Snow Removal, Cable TV, Electricity, Gas

Price history

Date	Event	Price
4/12/2024	Sold	$207,000-10%$66/sqft
Source: Global MLS #202329006 Report a problem
2/12/2024	Pending sale	$229,900$73/sqft
Source: Global MLS #202329006 Report a problem
12/1/2023	Price change	$229,900+1.7%$73/sqft
Source: Global MLS #202329006 Report a problem
4/29/2021	Pending sale	$226,000$72/sqft
Source: Global MLS #202114742 Report a problem
3/29/2021	Listed for sale	$226,000+50.7%$72/sqft
Source: Global MLS #202114742 Report a problem
11/7/2017	Sold	$150,000-14.3%$48/sqft
Source: Global MLS #201623470 Report a problem
10/27/2017	Pending sale	$175,000$56/sqft
Source: Kearney Brown Realty #201623470 Report a problem
10/27/2017	Listed for sale	$175,000$56/sqft
Source: Kearney Brown Realty #201623470 Report a problem