$249,000

238 Ontario Street, Albany, NY 12203

  • 6 beds |
  • 3 baths |
  • 2,244 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon1,742sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $111/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 9.37% + 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. First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26 Can be packaged with 3-unit 558 Washington Ave or sold separately.

Listing Status:
Active
Date Added:
January 12, 2026
Data Last Updated:
February 14, 2026 at 7:37AM
Listing Office:
New Scotland Realty : 518-964-2066
Listing Agent:
Daniel Odabashian : 917-650-1387
MLS ID:
202610430
  • Basement: Finished
  • Heating: BaseboardHot Water
  • General: None
  • Style: Traditional
  • General: Vinyl Siding
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 65.61-2-28
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Daniel Odabashian , New Scotland Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Philip J. Schuyler Achievement Academy

676 Clinton Ave, Albany, NY, 12206

Grades PK-5

0.60 miles away

W

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

1.00 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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