$325,000

558 Washington Avenue, Albany, NY 12203

  • 7 beds |
  • 3 baths |
  • 2,562 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $127/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Pending
Date Added:
January 13, 2026
Data Last Updated:
February 14, 2026 at 6:37PM
Listing Office:
New Scotland Realty : 518-964-2066
Listing Agent:
Daniel Odabashian : 917-650-1387
MLS ID:
202610506
  • Basement: Full
  • Heating: Radiant
  • General: None
  • Style: Traditional
  • Roofing: ShingleAsphalt
  • General: Shingle Siding
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 65.54-3-5
  • 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

0.42 miles away

E

Edmund J O'Neal Middle School of Excellence

50 Lark St, Albany, NY, 12210

Grades 6-8

1.03 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.30 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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#202522693 - KW Platform