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558 Washington Avenue

Albany, NY 12203

Active

$325,000

Listing by:
Daniel Odabashian
New Scotland Realty

Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability. Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property. Can be packaged with 3-unit 238 Ontario St or sold separately.

$325,000
7.0
Bedrooms
3
Bathrooms
2,562
Sq. Ft.
$ 127
$/Sq. Ft.
0.08
Acres
Year Built:
1904
County:
Albany
School District:
Albany
Acres:
0.08
Listing Agent:
Daniel Odabashian
Listing Office:
New Scotland Realty
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Features

Square Feet: 2,562
Town: Albany
Bedrooms: 7
Full Bathrooms: 3
Estimated Taxes: $5,292
Water: Public
Sewer: Public Sewer
Heat: Radiant, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Shingle Siding
Exterior Features: None
Parking Spaces: 0

Location



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