3 months on rocket

40 Ontario St, Albany, NY, 12206

$295,000

Home List Price

$3,503*

Closing Credit

6 Bedrooms
3 Full Baths
Multi

Location

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40 Ontario St, Albany$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1890
HeatingForced Air
MLS #202422277
Lot Size0.05 Acres
StatusActive

About 40 Ontario St

UPDATED INFORMATION. New tax roll shows $7,000 in income between the 2 budlings and half the taxes I calculated for ROI!!!! Must be bought together with 42 Ontario. Here is one half of a 6-plex. Information and pictures of 40 and 42 Ontario are the same. If your money isn't making money, it's in the wrong place! This package totals 6 units, about $1,050 a month per unit. 1 unit left vacant for showings (42 Ontario, 1st floor) Listed at a stellar 10.4% cap rate. Here's the package math: $7,000 month rent, so $84,000 per year, minus $6,000 taxes leaves $78,000 Both sides for $590,000 gives you a 13.2% cap rate. It's all about money making money, and it's happening here. Mortgage rates are coming down, rents are going up. What a combo! Won't last, bring us an offer

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1890

Listing Office:

  • Office Name: Thomas P Moore
  • Office Phone: (518) 894-7768
  • Listing Agent: David Kellogg

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: turn North off of Clinton onto. Go up 4 blocks, building on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000

Tax Information:

  • Annual Amount: $2,915
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albany, NY.

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Albany, NY

City

Med. Sold Price

$285K

Med. Price/SqFt

$177

Avg. Days On Market

21

# of Sold Homes

119

40 Ontario St vs Albany

112 DAYS ON ROCKET

+91 Days

$295,000

+$10K More

KEY TAKEAWAY

This property is $10K more than the Median Sold Price in Albany, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202422277

Listing Office:

  • Office Name: Thomas P Moore
  • Office Phone: (518) 894-7768
  • Listing Agent: David Kellogg

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/17/2024, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2015Home Sold
$52,000
Jul 06, 2007Home Sold
$155,300
Oct 30, 2006Home Sold
$24,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,915$69,000
2019$2,617$69,000
2018$4,256$69,000
2017$3,929$69,000

History based on county public records data.

Payment Calculator

$1,540

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$951

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-549330
3
/10

  • Philip J. Schuyler Achievement Academy

  • 676 Clinton Ave

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-549331
6
/10

  • Brighter Choice Charter School for Boys

  • 116 N Lake Ave

  • 0.43 miles

  • Public Charter Grades KG-5

school-card-donut-549332
5
/10

  • Brighter Choice Charter School for Girls

  • 250 Central Ave

  • 0.50 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,897. The majority of Albany, NY residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Albany County›Albany›12206›40 Ontario St

This home is located at 40 Ontario St in Albany, NY and zip code 12206 in the West Hill neighborhood. This home, which was built in 1890, sits on a 0.05 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 28, 2024 and is currently priced at $295,000.

In October 2024, from all listings sold in Albany, NY there were more than 54 sold above asking price, over 46 sold below and more than 19 were sold right at the asked price. The number of homes for sale in Albany, NY decreased by 10.2% between September 2024 and October 2024. Listings spent 21 days on the market in October 2024, and had a median list price of $285,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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