$239,000

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 $107/sqft
  • Property List Date Icon Listed 4 months 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:
Pending
Date Added:
January 12, 2026
Data Last Updated:
May 20, 2026 at 4:40AM
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 $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location