288 Morton Avenue, Albany, NY 12209
288 Morton Avenue, Albany, NY 12209
288 Morton Avenue, Albany, NY 12209
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Listed by Patrick Hartman • Field Realty
$299,000
Est. payment /mo
6 Beds
4 Baths
2,973 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,973 sqft

Price per Sqft $100

MLS Listing ID 202614021

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1921

Annual Tax Amount $7,277

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Triplex

Source Global MLS

Property Description

Highest & Best due by 6pm 3/29 Sunday Well-maintained three-unit property located in the City of Albany, offering strong income potential and owner-occupant flexibility. Total current gross rental income is $2,550/month, with additional upside to $3,450/month when the vacant unit is leased.


The first-floor unit features 3 bedrooms and 2 full baths, currently rented at $1,350/month. The second-floor unit offers 2 bedrooms(plus bonus room) and 1 full bath, rented at $1,200/month. The third-floor unit includes 1 bedroom and 1 bath and is currently vacant, with an estimated rental value of $900/month. ROPs are current and up to date.



Property is in great condition with hardwood floors throughout and a roof approximately 13 years old. Updated electrical adds to the overall value. Tenants have access to washer and dryer in the basement, off-street parking for up to three vehicles, and a private backyard.


Conveniently located just off Delaware Avenue, close to shopping, dining, and public transportation. Directly across from Lincoln Park and tennis courts, and minutes from Albany Medical Center and St. Peter's Hospital.


Owner currently pays water, sewer, trash, hot water, and internet. Tenants pay electric, gas, and heat. Property offers views of downtown Albany. Excellent opportunity for investors or owner-occupants seeking immediate income with additional upside.

Location

State NY

County Albany

Direction Delaware ave to Morton Ave

Interior

Interior Features Built-in Features

Heating Forced Air, Hot Water, Natural Gas

Flooring Tile, Hardwood

Window Features Double Pane Windows

Exterior

Exterior Feature None

Parking Features Off Street, Paved

Utilities Available Cable Available, Cable Connected

Roof Type Asphalt

Building

Lot Description Level, Views

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.47-2-4

Special Listing Condition Standard

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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