Eco Friendly
506-508 Third St Albany, NY
$ 226,000
Property Attributes
  • MLS#202114742
  • TypeMulti-Family
  • CountyALBANY
  • CityAlbany
  • AreaAlbany City-N Central
  • NeighborhoodWest Hill
  • Zip12206
  • StyleQuads,Two Story
  • Year Built1900
  • Taxes3731
  • Price$ 226,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3128
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Jonathan Holland with PMI Capital District
Data Source:
Property Description

Wonderful opportunity to own a four-family property in Albany! This well maintained, multi-family property is fully rented with established tenants and is ready for you to collect the rents! Units 1 & 2 each rent for $665/month and Units 3 & 4 each rent for $715/month, totaling a potential income of $33,120/year! This property boasts rear decks that are approx. 6-7 years old, energy efficient windows, 4 hot water heaters, and 1 boiler w/ each unit having a preset thermostat. Owner furnishes heat, and tenants pay separately for electric and hot water. All units are one bedroom/one bathroom and have yard access. Property is zoned R-2 District and has a full basement with multiple potential uses. Conveniently located near bus line and local park, this property is a must see!

Price History
3/29/2021 Listed $226,000

General Features

Flooring Carpet, Linoleum
Handicap Access No
Listing Area Albany City-N Central (112)
School District Albany
Sewer Public
Style Quads, Two Story
Water Public

Interior Features

# Refrigerators 4
# Stoves 4
Basement Walk Out
Cooling None
Heating Fuel Natural Gas
Heating System H/W-Baseboard
Total # Units 4

Exterior Features

Exterior Aluminum
Exterior Features Deck, Fenced Yard
Lot Description Level
Lot Size 2550 sqft
Lot Size Area 0.06


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 12206

AVG $350K
AVG $7,522
AVG 23
Year Built
AVG 1904

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