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Elberon Place 3-11 Elberon Pl 16 Unit Apartment Building $2,400,000 ($150,000/Unit) Albany, NY 12203
Executive Summary
Must see! Prime investment opportunity. Gorgeous 16 unit apartment building. Mix of 3 and 4 bedrooms. New exterior paint as of November 2025.
2023 interior renovation. New appliances, LVT flooring with original hardwood, modern finishes, beautifully tiled bathrooms, brand new windows.
Updated electric and gas. In unit heating system.
Basement coin op laundry in each building.
Tenant designated 20 spot parking lot behind the building.
2023 interior renovation. New appliances, LVT flooring with original hardwood, modern finishes, beautifully tiled bathrooms, brand new windows.
Updated electric and gas. In unit heating system.
Basement coin op laundry in each building.
Tenant designated 20 spot parking lot behind the building.
Property Facts
| Price | $2,400,000 | Building Class | B |
| Price Per Unit | $150,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 18,463 SF |
| No. Units | 16 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1890/2023 |
| Apartment Style | Low-Rise | Parking Ratio | 1.08/1,000 SF |
| Zoning | R2B - Commercial | ||
| Price | $2,400,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 18,463 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2023 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R2B - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Basement
- Double Pane Windows
Site Amenities
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 16 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010100-065-070-0001-052-000-0000 | Improvements Assessment | $298,400 |
| Land Assessment | $74,600 | Total Assessment | $373,000 |
Property Taxes
Parcel Number
010100-065-070-0001-052-000-0000
Land Assessment
$74,600
Improvements Assessment
$298,400
Total Assessment
$373,000
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Elberon Place | 3-11 Elberon Pl
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