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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
Well-maintained 16-unit apartment building consisting of a mix of 3 and 4-bedroom units. Exterior was freshly painted in November 2025.
Interior renovations completed in 2023 include updated kitchens with new appliances, LVT flooring with preserved original hardwood elements, modern finishes, and fully tiled bathrooms. Units also feature new windows.
Building systems have been updated, including electric and gas. Each unit is equipped with in-unit heating.
Basement includes coin-operated laundry facilities serving tenants.
Property offers a designated parking area with approximately 20 spaces located behind the building for tenant use.
Buyer to verify all information.
Interior renovations completed in 2023 include updated kitchens with new appliances, LVT flooring with preserved original hardwood elements, modern finishes, and fully tiled bathrooms. Units also feature new windows.
Building systems have been updated, including electric and gas. Each unit is equipped with in-unit heating.
Basement includes coin-operated laundry facilities serving tenants.
Property offers a designated parking area with approximately 20 spaces located behind the building for tenant use.
Buyer to verify all information.
Property Facts Under Contract
| 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 Numbers | Improvements Assessment | $1,188,800 | |
| Land Assessment | $297,200 | Total Assessment | $1,486,000 |
Property Taxes
Parcel Numbers
Land Assessment
$297,200
Improvements Assessment
$1,188,800
Total Assessment
$1,486,000
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Contact the Sale Advisor
Elberon Place | 3-11 Elberon Pl