166 2nd Street

Albany, NY 12210

$279,000
Price
7
Beds
3
Baths
2,970 Sq. Ft.
$94 / Sq. Ft.
2,970
Sq. Ft.
$94
per Sq. Ft.

Description

Attention All Investors! Introducing this incredible fully rented 3-unit multifamily property with $3550 of monthly income. Rents are: $1350 (for 3 bed expires March 2025), $1200 (1 bedroom expires March 2025) $1000 (3 bedroom m-m). All tenants are current. Enjoy the benefits of recent updates, a large lot, and an attractive 13% Cap Rate with room for growth. If financing property promises a great cash-on-cash return. Located in Abhor Hill, Opportunity Zone, inquire for more information.Attention All Investors! Introducing this incredible fully rented 3-unit multifamily property with $3550 of monthly income. Rents are: $1350 (for 3 bed expires March 2025), $1200 (1 bedroom expires March 2025) $1000 (3 bedroom m-m). All tenants are current. Enjoy the benefits of recent updates, a large lot, and an attractive 13% Cap Rate with room for growth. If financing property promises a great cash-on-cash return. Located in Abhor Hill, Opportunity Zone, inquire for more information.
  1. Listed by Rachel Mastrianni • Realty One Group Key

Property Details for 166 2nd Street

Architectural Style
Traditional
Waterfront
No
LISTING UPDATED: 10/31/2024 10:16 AM

Property Details for 166 2nd Street

StatusActive
MLS #202423003
Days on Market95
Taxes$3,829 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1880
Lot Size0.07 AC / 3,049 SF
CountyAlbany County

Building Information for 166 2nd Street

Stories-Residences-Year Built1880Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 166 2nd Street

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Keep right onto US-9 South toward Arbor Hill, Henry Johnson Blvd, Turn left onto Livingston Ave, Turn right onto Lark St, Turn right onto Second St.
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12210
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.76
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 010100 65.65-3-27
  • Tax Annual Amount: $3,828.67
Parking
  • GarageSpaces: .00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1880
  • Above Grade Finished Area: 2970.0
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3049.2
Building Information
  • Living Area: 2970.0
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Heat: Yes
  • Separate Utilities : Water Heater: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 3
  • Separate Utilities : Number Of Separate Gas Meters: 3
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
Interior Features
  • Heating: Hot Water
  • Basement: Apartment
  • Construction Materials: Vinyl Siding
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Attic Features : Hatch: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Notational: 3.00
  • Bedrooms Total: 7
  • Bathrooms Full: 3
  • Bathrooms Half: 0
Multi Family
Income & Expenses Information
  • Income And Expenses : Rental Income: $3,550.00
  • Income And Expenses : Rental Income Description: Monthly
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 1
Unit 2
  • Unit Detail : Total Bedrooms: 3
Unit 3
  • Unit Detail : Total Bedrooms: 3

Property History for 166 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 166 2nd Street

Taxable ValueLand$25,200Additions$64,800Total$90,000
Home Facts
Baths3Total Finished SqFt2,970 SqFtAbove Grade Finished SqFt2,970 SqFtStories3Lot Size3,000 SqFtStyleTriplexYear Built1880ZoningR2ACountyALBANYAPN010100 65.65-3-27

Schools near 166 2nd Street

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Sheridan Preparatory Academy
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

Edmund J O'neal Middle Of Excellence
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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166 2nd Street is a multi-family home for sale in Albany, NY 12210. This property was listed for sale on August 7, 2024 by Realty One Group Key, it's currently listed at $279,000. It has been on the market for a total of 95 days and was last sold on March 25, 2024. This listing's school district is Albany City School District. Nearby schools include Sheridan Preparatory Academy, Stephen And Harriet Myers Middle School and Albany High School. 166 2nd Street is a 7-bed, 3-bath, 2,970 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Key

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