Pending

72 Grand Street

Albany, NY 12202
Mark as Favorite
Bed 6

Bed

Bath 3

Bath

SqFt2,820

Sqft

Acres0.05

Acre(Lot)

Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth. Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restau rants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment. Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $299,999

AD Id : 79606808

MLS Id : 202618421

Beds : 6

Lot Size : 0.05 Acre

Living Area Size : 2,820

Year Built : 1875

County : Albany

Subdivision: None Available

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Has Basement: Yes Basement: Full, Interior Entry
  • Flooring Information

    Vinyl, Carpet
  • Roofing Information

    Flat
  • Interior Features

    High Speed Internet, Walk-In Closet(s), Built-in Features Roof: Flat Laundry Features: None Window Features: Skylight(s), Double Pane Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas Cooling: None

  • Building Information

    Year Built: 1875 Construction Materials: Brick Patio And Porch Features: Rear Porch, Deck, Enclosed Private Pool: No View: Skyline, Downtown
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Main Square Feet: 0.05 Acres Lot Size Acres: 0.05 Lot Size Square Feet: 2178

    Property Information

    Subdivision: Mansion District Source Property Type: Residential Income Property SubType: Triplex Property Age: 151

  • Listing Price Information

    Listing Price: $299999

  • Tax Information

    Parcel Number: 010100 76.49-3-79 Tax Lot: 79.000 Tax Block: 3 Annual Tax: $9000

  • Parking Information

    None, No Garage

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Albany
  • Utility Information

    Sewer Connected
  • Location Information

    Direction: From Madison Ave, turn left on Grand St. Destination is on your left. WaterSource: None Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
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Nearby Home Value

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144 Broad Street, Albany, NY, 12202 $499,000 10 3 5,406 5,406 SqFt
117 4th Avenue, Albany, NY, 12202 $499,900 10 3 3,835 3,835 SqFt
154 Broad Street, Albany, NY, 12202 $199,000 8 3 2,664 2,664 SqFt
123 Clinton Street, Albany, NY, 12202 $285,000 9 3 2,376 2,376 SqFt
52 Park Avenue, Albany, NY, 12202 $329,777 6 3 3,300 3,300 SqFt
88 Elizabeth Street, Albany, NY, 12202 $225,000 6 2 2,100 2,100 SqFt
175 Eagle Street, Albany, NY, 12202 $368,000 3 3 2,160 2,160 SqFt
13 Batcher Street, Albany, NY, 12202 $289,900 4 2 1,176 1,176 SqFt

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ByOwner last updated this listing 07/19/2026 @ 14:48

MLS: 202618421 LISTED BY: Brianna Huynh, Coldwell Banker Prime Properties 518-427-9000 SOURCE: Global MLS

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