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6 Beds
3 Baths
2,709 sqft

$279,900

1216 1st Street, Rensselaer NY, 12144

Price per sqft$103.32
Built in1850
Property size2,709 sqft
Property typeMulti-family

Overview

Active

Listed Oct 1, 2026

Updated 7 days ago

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.

$1,862/mo

Est. mortgage payment based on a $279,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202627365

Interior Features

Bedrooms
6
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$4,111
Tax Frequency
Annually

Listed by Jenn L Baniak-Hollands with KW Platform
Listing Contact: 518-512-7784 

The IDX display contains information sourced from Global MLS as of 10/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/3/2026 at 4:16 AM UTC

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