Prime Investment Opportunity with Exceptional Cash Flow Potential!
Discover this expansive **4-family home**, a rare find offering an incredible amount of **square footage** designed for comfortable living and maximized rental income. Investors and owner-occupants, take note: with **one vacant apartment** ready for immediate occupancy or new tenants, and **three units currently tenant-occupied**, you can start generating income right away!
Each of the 4 spacious apts boasts its own **in-unit laundry**, a highly sought-after amenity that adds significant value and tenant appeal. Parking is a breeze with space for **8 cars**, a huge advantage in any urban setting. Plus, a pleasant *side yard*provides valuable outdoor space for residents. Strategically located minutes to Downtown Albany
Closed
$450,000
1496-1498 3rd Street, Rensselaer, NY 12144
9beds
4,190sqft
Quadruplex, Multi Family
Built in 1830
-- sqft lot
$459,400 Zestimate®
$107/sqft
$1,334 Estimated rent
Home value
$459,400
$390,000 - $537,000
$1,334/mo
Zestimate® history
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Owner options
List your home for rent
$1,334/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,334/mo
Rent Zestimate®
Refinance and save
$3,084/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$3,084/mo
Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: September 26, 2025 at 11:47am
Listed by:
Christina Hennessy 518-257-0233,
KW Platform
Bought with:
Christina Hennessy, 40HE1102041
KW Platform
Source: Global MLS,MLS#: 202522456
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water, Natural Gas
Cooling
- None
Appliances
- Laundry: Main Level, Upper Level
Features
- High Speed Internet
- Flooring: Vinyl, Carpet, Hardwood
- Basement: Full
Interior area
- Total structure area: 4,190
- Total interior livable area: 4,190 sqft
- Finished area above ground: 4,190
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Stone, Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: None
- Fencing: Wood
Lot
- Size: 7,405 sqft
- Features: Level, Cleared, Corner Lot
Details
- Parcel number: 381400 144.2261
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Roof: Rubber
Condition
- Year built: 1830
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & neighborhood
Location
- Region: Rensselaer
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2025 | Sold | $450,000+5.9%$107/sqft |
Source:  Global MLS #202522456 Report a problem | ||
| 7/30/2025 | Pending sale | $425,000$101/sqft |
Source: Global MLS #202522456 Report a problem | ||
| 7/25/2025 | Listed for sale | $425,000+67.4%$101/sqft |
Source: Global MLS #202522456 Report a problem | ||
| 7/15/2019 | Sold | $253,850$61/sqft |
Source: Global MLS #201834429 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 12144
Nearby schools
GreatSchools rating
- 3/10Van Rensselaer Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Rensselaer Junior Senior High SchoolGrades: 6-12Distance: 0.6 mi
- New York
- Rensselaer County
- Rensselaer
- 12144
- 1496-1498 3rd Street