884-886 Lancaster Street, Albany, NY 12203

Albany
Local realty services provided by:HUNT Real Estate ERA
884-886 Lancaster Street,Albany, NY 12203
$465,000
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:$465,000
  • Price per sq. ft.:$158.16

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%.

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Home facts

  • Year built:1900
  • Listing ID #:202612518
  • Added:13 day(s) ago
  • Updated:March 10, 2026 at 02:26 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:$465,000
  • Price per sq. ft.:$158.16
  • Tax amount:$10,466

Features and amenities

  • Laundry features:In Basement

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Stone
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