238 Ontario Street
Albany, NY 12203
6
Bed
3
Bath
2,244Sqft
0.04Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Has Basement: Yes Basement: Finished -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Hot Water, Natural Gas
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Building Information
Year Built: 1890 Construction Materials: Vinyl Siding Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.04 Acres Lot Size Acres: 0.04 Lot Size Square Feet: 1742.4
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Listing Price Information
Listing Price: $239000 Original Price: $260000
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Tax Information
Parcel Number: 010100 65.61-2-28 Tax Lot: 28.000 Tax Block: 2 Annual Tax: $6741.88
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Virtual Tour
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School Information
Elementary School:Junior High School:Senior High School: Albany -
Utility Information
Sewer Connected -
Location Information
Direction: Continue on Quail St for about 0.4 miles. Turn right onto Ontario St. Continue straight — 238 Ontario St will be on your left. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 211 Quail Street, Albany, NY, 12203 | $259,900 | 6 | 2 | 2,378 | 2,378 SqFt |
| 247 Quail Street, Albany, NY, 12203 | $269,900 | 3 | 3 | 2,208 | 2,208 SqFt |
| 518 Hudson Avenue, Albany, NY, 12203 | $599,000 | 13 | 6 | 3,000 | 3,000 SqFt |
| 118 N Allen Street, Albany, NY, 12203 | $280,000 | 4 | 2 | 1,924 | 1,924 SqFt |
| 52 N Allen Street, Albany, NY, 12203 | $299,900 | 8 | 3 | 3,125 | 3,125 SqFt |
| 884-886 Lancaster Street, Albany, NY, 12203 | $437,000 | 8 | 2 | 2,940 | 2,940 SqFt |
| 149 Homestead Avenue, Albany, NY, 12203 | $385,000 | 6 | 2 | 2,668 | 2,668 SqFt |
| 683 State Street, Albany, NY, 12203 | $369,000 | 6 | 2 | 1,750 | 1,750 SqFt |
Similar Multifamily To 238 Ontario Street
Nearby For Sale
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ByOwner last updated this listing 06/28/2026 @ 02:03
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