72 Grand Street, Albany, NY 12202

• 6 beds |
• 3 baths |
• 2,820 sqft

Property Description

Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth. Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment. Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.

Listing Status:

Pending

Date Added:

May 30, 2026

Data Last Updated:

July 5, 2026 at 8:39PM

Listing Office:

Coldwell Banker Prime Properties : 518-427-9000

Listing Agent:

Brianna Huynh : 518-925-3431

MLS ID:

202618421

Interior

• General: Walk-In Closet(s)High Speed InternetBuilt-in Features
• Laundry: None
• Basement: FullInterior Entry
• Flooring: CarpetVinyl
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: None
• Style: Traditional
• Parking: None

Construction

• Roofing: Flat
• Windows: Skylight(s)Double Pane Windows
• General: BrickBrick/Mortar

Location

• HOA Amenities: Sewer
• Originating MLS: Global MLS
• School District: Albany
• County: Albany

Lot

• Zoning: Multi Residence010100 76.49-3-79
• View: DowntownSkyline
• Fencing: None

Utilities

• Utilities: Circuit Breakers
• Water: None
• Sewer: Public Sewer

Financial

• Source: Global MLS