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Listed by Qiu Qin Zheng • Gilcrest Properties

$ 469,000

Est. payment -/mo

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274 Morton Avenue Albany, NY 12209

9 Beds

3 Baths

3,699 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,699 sqft

Price per Sqft $126

MLS Listing ID 202629205

Bedrooms 9

Full Baths 3

HOA Y/N No

Year Built 1925

Annual Tax Amount $8,504

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Triplex

Source Global MLS

Property Description

Investors and owner-occupants — don't miss this beautifully renovated 3-family in Albany's Delaware Avenue neighborhood! With 3,699 sq ft, this 9-bedroom, 3-bath home offers three spacious units (3 bed / 1 bath each), ALL renovated within the past 2-3 years — truly turnkey with minimal deferred maintenance. The 1st and 3rd floors are rented at $1,500/month each, and the 2nd floor is VACANT and ready for you to move right in: live in one unit and let the other two help pay your mortgage, or lease it out at an estimated $1,600-$1,700/month. Gross potential rent of $55,200-$56,400/year with a pro forma NOI of approx. $41,900-$43,100 (approx. 8.9%-9.2% cap rate at list price). Prime location just off Delaware Ave: steps to Lincoln Park — home to the newly renovated $25M Lincoln Park Pool (free for Albany residents), plus tennis and basketball courts, ball fields and playgrounds; approx. 1 mile to Albany Medical Center, and close to Albany College of Pharmacy, Albany Law School and Sage College; minutes to downtown Albany, Empire State Plaza and I-787. Walk Score 78 — Very Walkable and on the CDTA bus line. Strong income today with room to grow — schedule your showing today!

Location

State NY

County Albany

Direction Delaware to 1st block of Morton

Interior

Heating Forced Air, Natural Gas

Flooring Hardwood, Laminate

Exterior

Exterior Feature None, Garden

Roof Type Flat,Rubber

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.47-2-9

Special Listing Condition Standard

Ethan Harris

NYS Licensed Real Estate Salesperson License ID: 10401368511

+1(518) 588-1122 | ethan@empirerealestatefirm.com

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