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257 Western Avenue, 
Albany, NY 12203

$424,900


5

Beds


3

Baths


2,550

Sq Ft


Multi-Family

Pending

Listed by

Kevin Clancy

Clancy Real Estate

1 518-861-7016

Last updated:

May 30, 2026, 07:28 AM

MLS#

202616546

Source:

Global MLS

About This Home

257 Western Avenue

Excellent opportunity to own a fully renovated 3-unit investment property in one of Albany's strongest rental corridors! 257 Western Ave has been renovated from top to bottom, including major improvements such as rebuilt fire escapes, new plumbing, electric and new hot water tanks. Great opportunity for investors - a turn-key asset with significant upside potential. Two units are currently vacant, and the third unit will be vacated at the end of May, creating the rare opportunity for an owner to place their own tenants at current market rents and maximize cash flow from day one. Separate utilities keep operating expenses streamlined for ownership. Located in a high-demand rental area near colleges, hospitals, restaurants, shopping, public transportation and downtown Albany. Whether you are looking to expand your portfolio or owner occupy while generating income, this property checks all the boxes. Showings begin Saturday 5/9.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1890

Price Summary

424,900

$166 per Sq. Ft.

MLS #:

202616546

Last Updated:

May 30, 2026, 07:28 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,550 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,550 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

2,178


Finances & Disclosures

Finances

Price:

$424,900

Price per Sq. Ft:

$166 per Sq. Ft.

Source:Global MLS
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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.