333 Mountain St · Albany, NY 12209

$210,000

3 bd · 1.0 ba · 1,236 sqft · SingleFamily public records · 268 Days on market

Built 1924 2,613 sqft lot $170/sqft · 17% below area Est $253k · 17% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +10.2/30.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Schools +3.2/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

Key facts

• Convenient access
• Private yard
• Private parking

Tags

• PRIVATE YARD
• PRIVATE PARKING
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-119 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $189k (10.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (12.5% below list).
• Recommended offer: $184k (12.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#129 in NY, #2,083 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: employment C-, crime F.
• Albany City School District (urban): math 37% / reading 40% proficiency, ranked #543 of 590 in NY (top 92%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 47 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Albany County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 268 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $64k; list at $210k implies a 231% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $183,650 (12.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 268 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 5.61%
• Cash-on-cash: -2.42%
• DSCR: 0.89
• GRM: 9.5

CMA / ARV

• ARV (median comp): $252,785
• List price: $210,000
• Delta: -16.93%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
167 Southern Blvd	0.08mi	3/2.0	1,277 (+3%)	3mo	$225,000	$176	84
415 Second Ave	0.27mi	3/1.5	1,168 (-6%)	1mo	$209,000	$179	76
23 Barrows St	0.16mi	3/1.5	1,312 (+6%)	6mo	$198,000	$151	75
310 Mccarty Ave	0.10mi	2/1.5 (-1)	1,154 (-7%)	4mo	$184,000	$159	73
2 Sand St	0.52mi	3/1.0	1,252 (+1%)	0mo	$165,000	$132	73
326 Mountain St	0.03mi	3/1.5	1,080 (-13%)	4mo	$205,000	$190	72
3 Mapleridge Ave	0.40mi	3/2.0	1,280 (+4%)	3mo	$255,000	$199	69
555 Delaware Ave	0.42mi	2/1.0 (-1)	1,170 (-5%)	1mo	$210,000	$179	66
19 W Van Vechten St	0.38mi	3/1.5	1,145 (-7%)	4mo	$215,000	$188	65
484 Delaware Ave	0.33mi	2/2.0 (-1)	1,132 (-8%)	2mo	$160,000	$141	60
106 Edgecomb St	0.72mi	3/2.0	1,101 (-11%)	4mo	$265,000	$241	40
65 Rose Ct	0.75mi	3/2.0	1,106 (-10%)	5mo	$275,000	$249	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.3%
• Equity multiple: 0.29×
• Total profit: $-41,491
• Equity at exit: $31,312

10-year hold

• IRR: -13.2%
• Equity multiple: 0.23×
• Total profit: $-45,461
• Equity at exit: $18,157

Cash invested: $58,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12209

• Home prices YoY: -7.3%
• Active inventory: 47
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,836 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$381 /mo · $4,570/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $-119

Break-even live

Break-even rent $1,987

Max offer price $189,023

Occupancy floor —

Sensitivity live

Price	-10% $0	-5% $-59	+0% $-119	+5% $-178	+10% $-238
Rent	-10% $-264	-5% $-191	+0% $-119	+5% $-46	+10% $26
Rate	-1.0pp $-13	-0.5pp $-65	base $-119	+0.5pp $-173	+1.0pp $-229

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
50 Southern Blvd Albany, NY	3.0	1.0	1200	$1,650	$1.38	16d	1	0.21mi
502 Second Ave #3 Albany, NY	3.0	1.0	1100	$1,800	$1.64	45d	1	0.29mi
22 Hurlbut St Albany, NY	3.0	1.0	1209	$2,050	$1.70	45d	1	0.36mi
31 Bertha St Albany, NY	4.0	1.0	1116	$2,000	$1.79	25d	1	0.36mi
86 Hackett Blvd Albany, NY	2.0	1.0	1100	$1,900	$1.73	25d	1	0.52mi
98 Mount Hope Dr Albany, NY	2.0	1.5	1200	$2,000	$1.67	16d	1	0.79mi
475 S Pearl St #3 Albany, NY	4.0	2.0	1200	$1,850	$1.54	23d	1	1.07mi
475 S Pearl St #3 Albany, NY	4.0	2.0	1200	$1,850	$1.54	16d	1	1.07mi
42 Harris Ave Unit 2 Albany, NY	2.0	1.0	1000	$1,600	$1.60	16d	1	1.08mi
132 4th Ave Albany, NY	3.0	1.0	770	$1,800	$2.34	23d	1	1.12mi
52 Grove Ave Albany, NY	4.0	1.0	1200	$2,200	$1.83	23d	1	1.17mi
4 Irving St Unit 2nd Floor Albany, NY	3.0	1.0	1000	$1,695	$1.70	45d	1	1.23mi
21 Woodlawn Ave Unit 3RDFL Albany, NY	3.0	1.0	1300	$1,500	$1.15	45d	1	1.25mi
21 Woodlawn Ave Unit 3rd floor Albany, NY	3.0	1.0	1300	$1,500	$1.15	25d	1	1.25mi
546 Mercer St Unit 1 Albany, NY	3.0	1.0	1400	$1,800	$1.29	25d	1	1.32mi
25 Bleecker Pl #1 Albany, NY	2.0	1.0	1150	$1,350	$1.17	46d	1	1.32mi
364 Madison Ave Albany, NY	2.0	2.0	1150	$1,850	$1.61	23d	1	1.33mi
346 Madison Ave Unit 3 Albany, NY	3.0	2.0	1110	$2,725	$2.45	45d	1	1.34mi
346 Madison Ave Albany, NY	3.0	2.0	1500	$2,495	$1.66	25d	1	1.34mi
521 Warren St Albany, NY	2.0	1.0	850	$2,300	$2.71	16d	1	1.35mi
409 Madison Ave Albany, NY	2.0	2.0	1050	$2,094	$1.99	25d	1	1.36mi
341 Madison Ave Albany, NY	2.0	1.0	1000	$1,800	$1.80	16d	1	1.36mi
520 Madison Ave Unit 1 Albany, NY	3.0	1.0	1080	$1,700	$1.57	45d	1	1.36mi
17 Ash Grove Pl Albany, NY	2.0	1.0	800	$1,400	$1.75	45d	1	1.38mi
292 Lark St Albany, NY	2.0	1.0	1100	$1,500	$1.36	45d	1	1.39mi
103 Grand St Unit 1 Albany, NY	2.0	1.0	800	$1,250	$1.56	16d	1	1.40mi
88 Willett St Albany, NY	3.0	1.0	825	$2,080	$2.52	16d	10	1.41mi
164 Madison Ave Albany, NY	2.0	1.0	1200	$1,500	$1.25	45d	1	1.44mi
151 Madison Ave Unit C Albany, NY	2.0	1.0	750	$1,125	$1.50	25d	1	1.47mi
614 Park Ave Albany, NY	3.0	1.0	1118	$2,500	$2.24	45d	1	1.47mi
168 S Pearl St Albany, NY	3.0	1.5	1044	$1,800	$1.72	25d	1	1.48mi
31 Van Zandt St Albany, NY	2.0	1.0	850	$1,700	$2.00	45d	1	1.50mi

Listing history 15 events

1. 2026-06-21
   days on market $210,000 Active 268 DOM
2. 2026-06-18
   days on market $210,000 Active 265 DOM
3. 2026-06-17
   days on market $210,000 Active 264 DOM
4. 2026-06-16
   days on market $210,000 Active 263 DOM
5. 2026-06-15
   days on market $210,000 Active 262 DOM
6. 2026-06-14
   days on market $210,000 Active 260 DOM
7. 2026-06-10
   days on market $210,000 Active 257 DOM
8. 2026-06-08
   statusdays on market $210,000 Active 255 DOM
9. 2025-11-24
   price $210,000 346-char remark

   Show marketing remark (346 chars)

   Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

10. 2025-11-16
    price $215,000 346-char remark

    Show marketing remark (346 chars)

    Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

11. 2025-11-08
    price $219,000 346-char remark

    Show marketing remark (346 chars)

    Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

12. 2025-11-02
    price $220,000 346-char remark

    Show marketing remark (346 chars)

    Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

13. 2025-10-01
    price $235,000 346-char remark

    Show marketing remark (346 chars)

    Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

14. 2025-09-15
    listed $265,000 Active 346-char remark

    Show marketing remark (346 chars)

    Charming home, just minutes from Albany Medical Center, Albany Law School, and area colleges. Features include bright living spaces, a functional kitchen, and well-proportioned bedrooms. Enjoy a private yard, private parking, and convenient access to downtown, shops, dining, and major highways ideal for first Time homeowners or investors alike.

15. 1999-03-10
    soldstatus $63,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $4,570 · $381/mo
• Projected year-2 tax: $4,570 · $381/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,038
• − Mortgage interest: −$11,763
• − Property taxes: −$4,570
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,763
• − Management: −$1,763
• − Depreciation: −$6,109
• Taxable loss: −$4,980
• Est. tax savings @ 24.0%: +$1,195
• After-tax cash flow: $-230/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Albany City School District
• NCES district ID: 3602460
• Math proficiency: 37% ▲ 6.00%
• Reading proficiency: 40% ▲ 7.00%
• Median HH income: $40,568
• Composite: 32.34/100
• National rank: #5744
• State rank: #543 of 590 in NY

Livability — Albany

• Score: 79/100
• State rank: #129
• US rank: #2083

Category grades

Amenities A+ Commute A+ Cost of living C+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albany, NY
• City population: 116,921
• Population (ZIP): 10,754

Population outlook (Albany County) Hauer SSP2

• Today (2025): 320,794 people
• By 2030: 327,401 · +2.1%
• By 2040: 338,218 · +5.4%
• By 2050: 348,467 · +8.6%
• By 2075: 381,693 · +19.0%
• By 2100: 393,809 · +22.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 46% Black 23% Hispanic / Latino 19% Asian 8% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 4% Lithuanian 3% Serbian 1%
• Foreign-born: 18% · Canada, Philippines, South Korea
• Languages at home: 77% English-only · Spanish 13% Other Asian/Pacific 3% Tagalog/Filipino 1%

Political lean MEDSL · Albany

• 2024 margin: Strong D (+25.8) · D 62.9% · R 37.1%
• 2008→2024 swing: -3.6pp toward R · 2008: 29.4pp · 2024: 25.8pp
• All cycles: 2024: D+25.8 2020: D+31.4 2016: D+24.3 2012: D+31.0 2008: D+29.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.91%
• Current HPI: 318.0191
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+230.7% since first listed

7 events — show timeline

• 2025-11-24 Price Changed $210,000 Global MLS
• 2025-11-16 Price Changed $215,000 Global MLS
• 2025-11-08 Price Changed $219,000 Global MLS
• 2025-11-02 Price Changed $220,000 Global MLS
• 2025-10-01 Price Changed $235,000 Global MLS
• 2025-09-15 Listed $265,000 Global MLS
• 1999-03-10 Sold (Public Records) $63,500 Public Records

Property tax history

-0.5%/yr

Latest (2025): $4,570 · +4.1% YoY. Source: county tax records.