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Home Type: Single Family
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$375,000  
9 bds • 4 ba • 3200 sqft
292 Catherine Street, Albany, NY, 12209
8.4%
Gross Yield
20.8%
ROI
$2,611 /m
Est. Rent
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NMLS #2625701
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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics Value
Price $399,900
Est. Rent $3,200/mo
ROI 18%
  • Attractive rent-to-price ratio for income stability
  • Good fit for DSCR financing with healthy coverage
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Investment Highlights

Rental property for sale in Albany at 292 Catherine Street, Albany, NY, 12209 priced at $375,000 pairs $2,611/mo rent with $107/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,611/mo, and annual cash flow comes to $1,287/yr on $124,313 invested. Return on cash invested is 20.94% in year one, and rental yield stands at 8.36% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 109.05% and total cumulative return in cash reaches $135,567. For financing, Ziffy Mortgage’s DSCR program evaluates $2,611/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1925

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Fantastic investment opportunity in the heart of Albany! This vacant triplex offers three spacious 3-bedroom units one with 2 full baths and two with 1 full bath each. The property has seen valuable updates including a roof less than 10 years old, newer flooring, and some newer windows. Each unit is bright, well-maintained, and ready for immediate occupancy perfect for investors or owner-occupants alike. The massive parking lot accommodates up to 16 vehicles, a rare find in the city! Excellent cap rate potential and conveniently located near Albany Medical Center, St. Peter's Hospital, bus lines, schools, and quick access to I-787, I-90, and major highways. Close to shopping, dining, and downtown Albany. Move-in ready and cash-flow capable this property is ready to go! Sale of 292 Catherine St includes vacant lot at 4 Avondale (76.54-3-36). PORTFOLIO DEAL AVAILABLE! Property can be sold with the massive duplex available next door at 178A Delaware.

Neighborhood Data

Neighborhood data shown for ZIP Code: 12209, Albany, NY area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)4,879 (100%)
Owner Occupied HU2,479 (50.8%)
Renter Occupied HU2,001 (41.0%)
Vacant Housing Units399 ( 8.2%)
Median Home Value$206,556
Average Home Value$263,270

Address Breakdown

Residential

4,234

Single Family

4,088

Multi-Family

146

Businesses

133

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
MLO
MLO
MLO
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: MultiFamily
  • Year Built: 1925
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Off Street, Paved, Driveway

Location

  • City: N/A
  • Subdivision: N/A
  • Lot Size: 6,534 sqft
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Alex Cooley • Compass Greater NY, LLC 

Mls Name: Global MLS

Mls ID: #202527880

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