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347 3rd Street, Albany, NY 12206

Albany
Local realty services provided by:CENTURY 21 North East
347 3rd Street,Albany, NY 12206
$240,000
  • 6 Beds
  • 2 Baths
  • 2,132 sq. ft.
  • Multi-family
  • Active
Listed by: shania holt
Office: find advisors
MLS#:202629754
Source:Global MLS

Price summary

  • Price:$240,000
  • Price per sq. ft.:$112.57

About this home

INVESTMENT OPPORTUNITY! TWO-UNIT PROPERTY WITH FOUR GARAGES & 15.20% CAP RATE! Attention investors and entrepreneurs! Don't miss this unique opportunity to own an income-producing two-unit property featuring FOUR GARAGES and additional potential for those looking to expand their investment portfolio. The four garages offer additional flexibility for storage, workspace, automotive projects, or potential supplemental income (buyer to verify permitted uses). Recent improvements include a NEWER ROOF, NEWER FERNANCE, and 2 NEW HOT WATER TANKS. Whether you're an experienced investor looking to add another property to your portfolio or an entrepreneur seeking a property with garage space and income-producing potential, this opportunity is worth exploring! Restricted Showings M, W, F & Saturday 10 am- 7pm please wear a face mask when entering first floor apartment.

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Home facts

  • Year built:1914
  • Listing ID #:202629754
  • Added:1 day(s) ago
  • Updated:November 08, 2026 at 07:45 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood
  • Basement Description:Full, Unfinished
  • Living area:2,132 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1914
  • Building area:2,132 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Construction Materials:Vinyl Siding

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$240,000
  • Price per sq. ft.:$112.57
  • Tax amount:$1,756

Features and amenities

  • Amenities:Bay Window(s)

Parking

  • Total parking spaces:10
  • Parking description:Detached, Off Street
  • Garage:Yes
  • Garage spaces:4
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved. NY_GCAR Member Broker: Jim D’Amico

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