$437,000
Albany, NY 12203
MLS# 202612518
8 beds
1 / 27
Property Description
Located in Pine Hills, this 3,000 sq+ side by side duplex on a double-lot is a great opportunity for an investor or owner-occupant. Both units currently rented to stable tenants. Each unit has a kitchen, living room, and dining room on the first floor, 4 beds and 1 bath on the second floor. Large driveway provides off street parking for both units. Unit 1 is rented at $2,000/month and Unit 2 is rented at $2,050/month for total gross rent of $4,050/month ($48,600/year). Estimated operating expenses: taxes ($10,208/yr), insurance ($2,500/yr), and water/sewer ($700/yr), estimated total annual operating expenses of ~$13,408 and estimated NOI of ~$35,192/year (~$2,932.67/month). Estimated cap rate is ~7.6%.
Details
Maps
Contract Information
Original List Price: 465000
List Price/SqFt: 148.64
Status: Active
Property Sub Type: Duplex
List Price: $437,000
Current Price: $437,000
Listing Contract Date: 2026-02-26
Location
City/Town (Mail): Albany
Cross Street: Pine St
Street Number: 884-886
Street Name: Lancaster
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.669682
Geo Lon: -73.791657
Property Detail
Rooms Total: 16
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2940
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2940
Lot Size Acres: 0.15
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 2
Year Built: 1900
Status Change Info
Back on Market Date: 2026-05-20
Status Change Date: 2026-05-22
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 64.43-1-18 01
Tax Annual Amount: 10466.76
Total Taxes Description: Estimated
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: West on Madison Avenue to left on Pine to right on Lancaster
Public Remarks: Located in Pine Hills, this 3,000 sq+ side by side duplex on a double-lot is a great opportunity for an investor or owner-occupant. Both units currently rented to stable tenants. Each unit has a kitchen, living room, and dining room on the first floor, 4 beds and 1 bath on the second floor. Large driveway provides off street parking for both units. Unit 1 is rented at $2,000/month and Unit 2 is rented at $2,050/month for total gross rent of $4,050/month ($48,600/year). Estimated operating expenses: taxes ($10,208/yr), insurance ($2,500/yr), and water/sewer ($700/yr), estimated total annual operating expenses of ~$13,408 and estimated NOI of ~$35,192/year (~$2,932.67/month). Estimated cap rate is ~7.6%.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Financial Details
General Taxes: 4430.62
General Taxes Description: Estimated
School Taxes: 6036.14
School Taxes Description: Estimated
Attic Features
Walk-Up: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 2nd
Full Bath 2: 2nd
Construction Materials
Wood Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Exterior Features
None: 1
Duplex Type
Side By Side: 1
Flooring
Wood: 1
Showing Requirements
24 Hour Notice: 1
Occupied: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Shingle: 1
Water Source
Public: 1
Foundation Details
Brick/Mortar: 1
Concrete Perimeter: 1
Heating
Radiant: 1
Laundry Features
In Basement: 1
Parking Features
Parking Total: 4
Driveway: 1
Stone: 1
Patio And Porch Features
Patio: 1
Wrap Around: 1
Owner Pays
Grounds Care: 1
Management: 1
Sewer: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Refrigerators: 2
Number Of Stoves: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Left
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 2000
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 8
Total Bedrooms MF Unit 1: 4
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Detail
Rent: 2000
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Bedrooms: 4
Total Full Baths: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Right
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 2050
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 8
Total Bedrooms MF Unit 2: 4
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 2050
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 4
Total Full Baths: 1
Property Features
Architectural Style: Traditional
Attic Features: Walk-Up
Basement: Full
Construction Materials: Wood Siding
Cooling: None
Duplex Type: Side By Side
Exterior Features: None
Flooring: Wood
Foundation Details: Brick/Mortar; Concrete Perimeter
Heating: Radiant
Laundry Features: In Basement
Owner Pays: Grounds Care; Management; Sewer; Snow Removal; Trash Collection; Water
Parking Features: Driveway; Stone
Patio And Porch Features: Patio; Wrap Around
Roof: Rubber; Shingle
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Occupied
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Listing Courtesy of Gendron's Property Management
Listing Agent: Ellen Evans
518-312-7116 | eerunner2001@yahoo.com
518-312-7116 | eerunner2001@yahoo.com
