884-886 Lancaster Street, Albany, NY 12203

Albany
Local realty services provided by:HUNT Real Estate ERA
884-886 Lancaster Street,Albany, NY 12203
$450,000
Virtual Tour
  • 8 Beds
  • 2 Baths
  • 2,940 sq. ft.
  • Multi-family
  • Active
Listed by: ellen evans
Office: gendron's property management
MLS#:202612518
Source:Global MLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$153.06

About this home

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%.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Listing ID #:202612518
  • Added:64 day(s) ago
  • Updated:May 02, 2026 at 02:22 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Wood
  • Basement Description:Full
  • Living area:2,940 sq. ft.

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Roof:Rubber, Shingle
  • Year built:1900
  • Building area:2,940 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Traditional
  • Construction Materials:Wood Siding
  • Exterior Features:Patio, Wrap Around
  • Foundation Description:Brick/Mortar, Concrete Perimeter

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$153.06
  • Tax amount:$10,466

Features and amenities

  • Laundry features:In Basement

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Stone
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

New listings near 884-886 Lancaster Street