$250,000

72 Bassett Street, Albany, NY 12202

  • 3 beds |
  • 3 baths |
  • 1,368 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon871sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $183/sqft
  • Property List Date Icon Listed 22 days ago

Property Description

Discover a great investment opportunity in Albany's South End with this three-unit property located just minutes from Downtown Albany, the Empire State Plaza, the Albany Waterfront, and major highways. The 2nd-floor unit is vacant, offering an ideal option for an owner-occupant or immediate rental potential. The 1st-floor and 2nd-floor units offer room for cosmetic updates, allowing a new owner to add value and maximize rents, while the basement apartment has been recently updated. The 1st-floor and basement units are tenant-occupied on month-to-month leases, providing built-in cash flow with flexibility for future plans. The current rents being received are below market value. With the right updates, higher rental rates can be achieved. Situated in an area experiencing continued growth and public investment, the South End and Downtown corridors are seeing new development, infrastructure improvements, and community revitalization. Close to local shops, public transit, restaurants, parks, and government offices, this location offers strong long-term rental demand. A solid addition to any investment portfolio with room to add value.

Listing Status:
Active
Date Added:
December 8, 2025 at 06:00AM
Listing Office:
CapMark Realty LLC : 518-877-6385
Listing Agent:
Alexandria Sifontes : 518-470-8474
MLS ID:
202530553
  • Laundry: None
  • Basement: FullApartmentFinishedHeated
  • Flooring: CarpetLaminateVinyl
  • A/C: None
  • Heating: Hot Water
  • General: None
  • Style: Other
  • Other Structures: None
  • Parking: Off Street
  • Roofing: Rubber
  • General: BrickBlock
  • HOA Amenities: Sewer
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 76.65-4-58
  • Fencing: Back Yard
  • Utilities: 200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Alexandria Sifontes, CapMark Realty LLC

Monthly Payment

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

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Location

Schools Nearby

G

Giffen Memorial Elementary School

274 S Pearl St, Albany, NY, 12202

Grades PK-5

0.13 miles away

W

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

0.95 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

2.25 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.