$369,000

683 State Street, Albany, NY 12203

  • 6 beds |
  • 2 baths |
  • 1,750 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $211/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Open House Sun Jun 21 - Appointment Required! Please call host 518 698 7074 for an appointment. A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr

Listing Status:
Active
Date Added:
April 17, 2026
Data Last Updated:
July 5, 2026 at 7:37AM
Listing Office:
ADI Real Estate Services LLC : 518-698-7074
Listing Agent:
Pearl W Ha : 518-698-7074
MLS ID:
202615320
  • Basement: UnfinishedExterior EntryPartial
  • Flooring: TileVinyl
  • A/C: None
  • Heating: BaseboardForced Air
  • General: None
  • Style: OtherDuplex-Over/Under
  • Parking: Parking spaces: 4
  • Roofing: Asphalt
  • General: Vinyl Siding
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: na
  • Fencing: Back Yard
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Pearl W Ha , ADI Real Estate Services LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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#202617063 - Howard Hanna Capital Inc