238 Ontario Street, Albany, NY 12203, Albany

Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income.

The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.

First floor vacant, second floor lease 12/19/24 – 12/29/26, top floor lease 7/1/22 – 6/27/26

Can be packaged with 3-unit 558 Washington Ave or sold separately.