$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 2 months 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:
May 20, 2026 at 3:39AM
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 $

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Location

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