$450,000

884-886 Lancaster Street, Albany, NY 12203

  • 8 beds |
  • 2 baths |
  • 2,940 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $153/sqft
  • Property List Date Icon Listed 1 month ago

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%.

Listing Status:
Active
Date Added:
February 26, 2026
Data Last Updated:
April 2, 2026 at 7:37AM
Listing Office:
Gendron's Property Management : 518-360-8492
Listing Agent:
Ellen Evans : 518-312-7116
MLS ID:
202612518
  • Laundry: In Basement
  • Basement: Full
  • Flooring: Wood
  • A/C: None
  • Heating: Radiant
  • General: None
  • Style: Traditional
  • Parking: DrivewayStoneParking spaces: 4
  • Roofing: RubberShingle
  • General: Wood SidingConcrete PerimeterBrick/Mortar
  • HOA Amenities: Sewer
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 64.43-1-18 01
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Ellen Evans , Gendron's Property Management

Monthly Payment

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

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

P

Pine Hills Elementary School

41 N Allen St, Albany, NY, 12203

Grades PK-5

0.17 miles away

W

William S. Hackett Middle School

45 Delaware Ave, Albany, NY, 12202

Grades 6-8

1.76 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.