72 Grand Street, Albany, NY 12202
Local realty services provided by:HUNT Real Estate ERA
Listed by: brianna huynh
Office: coldwell banker prime properties
MLS#:202618421
Source:Global MLS
Price summary
- Price:$299,999
- Price per sq. ft.:$106.38
About this home
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 restaurants, 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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Home facts
- Year built:1875
- Listing ID #:202618421
- Added:11 day(s) ago
- Updated:June 10, 2026 at 02:30 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Vinyl
- Basement Description:Full, Interior Entry
- Living area:2,820 sq. ft.
Heating and cooling
- Heating:Baseboard, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1875
- Building area:2,820 sq. ft.
- Lot area:0.05 Acres
- Architectural Style:Traditional
- Construction Materials:Brick
- Exterior Features:Deck, Enclosed, Rear Porch
- Foundation Description:Brick/Mortar
Schools
- High school:Albany
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$299,999
- Price per sq. ft.:$106.38
- Tax amount:$9,000
Features and amenities
- Amenities:Built-in Features, Double Pane Windows, High Speed Internet, Skylight(s), Walk-In Closet(s)
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