884-886 Lancaster Street
Albany, NY 12203
8
Bed
2
Bath
2,940Sqft
0.15Acre(Lot)
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%.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Wood -
Roofing Information
Rubber, Shingle -
Interior Features
Roof: Rubber, Shingle Laundry Features: In Basement -
Heating & Cooling
Has Heating: Yes Heating: Radiant Cooling: None
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Building Information
Year Built: 1900 Construction Materials: Wood Siding Patio And Porch Features: Wrap Around, Patio Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Square Feet: 6534
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Listing Price Information
Listing Price: $437000 Original Price: $465000
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Tax Information
Parcel Number: 64.43-1-18 01 Annual Tax: $10466.76
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Virtual Tour
Parking Information
Parking Total: 4 Driveway
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School Information
Elementary School:Junior High School:Senior High School: Albany -
Utility Information
Sewer Connected -
Location Information
Direction: West on Madison Avenue to left on Pine to right on Lancaster WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 464-466 Washington Avenue, Albany, NY, 12203 | $599,990 | 11 | 6 | 5,100 | 5,100 SqFt |
| 211 Quail Street, Albany, NY, 12203 | $259,900 | 6 | 2 | 2,378 | 2,378 SqFt |
| 247 Quail Street, Albany, NY, 12203 | $269,900 | 3 | 3 | 2,208 | 2,208 SqFt |
| 518 Hudson Avenue, Albany, NY, 12203 | $599,000 | 13 | 6 | 3,000 | 3,000 SqFt |
| 118 N Allen Street, Albany, NY, 12203 | $280,000 | 4 | 2 | 1,924 | 1,924 SqFt |
| 52 N Allen Street, Albany, NY, 12203 | $299,900 | 8 | 3 | 3,125 | 3,125 SqFt |
| 149 Homestead Avenue, Albany, NY, 12203 | $385,000 | 6 | 2 | 2,668 | 2,668 SqFt |
| 11 Homestead Avenue, Albany, NY, 12203 | $359,000 | 6 | 2 | 2,632 | 2,632 SqFt |
| 683 State Street, Albany, NY, 12203 | $369,000 | 6 | 2 | 1,750 | 1,750 SqFt |
Similar Multifamily To 884-886 Lancaster Street
Nearby For Sale
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ByOwner last updated this listing 06/26/2026 @ 17:14
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