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1216 1st Street, Rensselaer
$279,900
6 Beds ⋅ 3 Baths ⋅ 202627365 MLS
Whether you're looking to grow your investment portfolio or make a smart move into homeownership, this spacious Rensselaer triplex offers flexibility and income potential with projected annual gross rents of $27,600. Investors can take advantage of 3 generously sized apartments each with their own storage room and individually metered utilities. And owner-occupants have an especially appealing option with a 2nd-floor apartment that is available for immediate occupancy so you can just move in and let the cash flowing rental income offset your mortgage and monthly expenses while you build equity in a property of your own. Location adds even more appeal: downtown Albany is just a quick 10-minute commute, shopping and dining in North Greenbush are approximately 8 minutes away, and the Rensselaer Amtrak station--with service to NYC and beyond--is only about 5 minutes from your door. Don't miss this affordable opportunity to live, invest, or do both! 24 hour notice for showings and schedule is limited. Ask for available times.

1216 1st Street, Rensselaer

1015 Washington Avenue, Rensselaer
$265,000
4 Beds ⋅ 2 Baths ⋅ 202627281 MLS
Extensively renovated and restored since its purchase in 2019, this unique Rensselaer duplex offers two well-maintained apartments while retaining original character, including beautifully refinished hardwood floors. The first floor is currently configured as a 2BR/1BA with a dedicated laundry room, while the second floor is configured as a 1BR/1BA with its own dedicated laundry in the basement. Both units include private, lockable basement storage. Additional features include a large covered front porch, large backyard, and ample off-street parking. Set back from Washington Avenue along a private drive near Hampton Manor, the property offers a distinctive residential setting with a neighborhood feel. Public records reflect 4BR/2BA. The current 3-bedroom apartment configuration reflects ownership's chosen use of the property rather than the full configuration reflected in public records. The basement contains two pre-existing rooms currently utilized as dedicated tenant storage, as well as additional unfinished space with a previously functional water supply line. The basement also has supplemental heat with multiple thermostats/zones and a dedicated house meter. These existing features may provide flexibility for a future owner to evaluate alternative configurations and uses. Current rents have been intentionally maintained below market in recognition of exceptional long-term tenants. Priced accordingly, this is a strong opportunity for an investor seeking an improved property with existing tenancy and significant room for income growth. Seller is a licensed New York State real estate broker.

1015 Washington Avenue, Rensselaer

1809 4th Street, Rensselaer
$225,000
3 Beds ⋅ 2 Baths ⋅ 202627280 MLS
Affordable, consistently rented duplex offering a 2BR/1BA first-floor apartment and 1BR/1BA second-floor apartment. The first-floor apartment features a mix of updated vinyl and classic wood flooring, along with large windows providing great natural light. The second-floor apartment offers one bedroom plus a versatile bonus room and enclosed back porch, and has been home to an exceptional long-term tenant. The full basement offers both interior and exterior access for easy maintenance and storage, with dedicated washer/dryer hookups for each apartment. Outside, the property offers a great backyard with plenty of usable outdoor space and ample on-street parking. Price reflects current below-market rents maintained for long-term tenants. Seller is a licensed New York State real estate broker. Can be packaged with 1015 Washington Ave Rensselaer.

1809 4th Street, Rensselaer

8 Harrison Avenue, Rensselaer
$210,000
2 Beds ⋅ 2 Baths ⋅ 202624818 MLS
Open house, 10/10 from 11-12:30PM. This is the ideal Air B & B situation with it just steps from the Rensselaer Train Station. This fantastic completely renovated brick two-family home offers convenience, comfort, and investment potential. Looking for that vacant 2 family investment that is all new inside? This is IT and YOU can choose your own tenants! The first-floor unit features a spacious one-bedroom layout with washer & dryer hookups, while the second floor boasts one bedrooms + office/ laundry room. w/ stackable washer & dryer Perfect for multi-generational living or rental income. Completely remodeled: new flooring, lighting, interior freshly painted, all new windows and doors & much more. Recent Updates Include: Modern kitchens and baths, stylish flooring throughout. Walk-out lower level with potential to add a studio apartment, off-street parking for two vehicles Whether you're looking to live in one unit and rent the other, or expand with a third unit, this property offers flexibility and location in one smart package. Estimated $1,250-$1,350 per flat for rents. Separate utilities.

8 Harrison Avenue, Rensselaer

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