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238 Ontario Street

Albany, NY 12203

Active

$260,000

Listing by:
Daniel Odabashian
New Scotland Realty

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 7% + 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. Can be packaged with 3-unit 558 Washington Ave or sold separately.

$260,000
6.0
Bedrooms
3
Bathrooms
2,244
Sq. Ft.
$ 116
$/Sq. Ft.
0.04
Acres
Year Built:
1890
County:
Albany
School District:
Albany
Acres:
0.04
Listing Agent:
Daniel Odabashian
Listing Office:
New Scotland Realty
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Features

Square Feet: 2,244
Town: Albany
Bedrooms: 6
Full Bathrooms: 3
Estimated Taxes: $6,742
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Hot Water, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Vinyl Siding
Exterior Features: None
Parking Spaces: 0

Location



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