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884-886 Lancaster Street

Albany, NY 12203
  • $465,000
  • STATUS: Active
  • MLS #: 202612518
UPDATED: 15 min ago
$465,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,940
    SQFT
  • $158
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

High School:
School District:

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%.

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© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2026-03-16T14:12:01.58.
www.518realty.com/homes/173392147
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884-886 Lancaster Street Albany, NY 12203

  • Price: $465,000
  • Status: Active
  • On Site: Days
  • Updated: 15 min ago
  • MLS #: 202612518
8
Beds
2
Baths
0
½ Baths
0.15
Acres
2,940
SQFT
$158
$/SQFT
1900
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
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%.
Exterior Features

Architectural Style Traditional Attached Garage YN No Construction Materials Wood Siding Door Features [] Exterior Features None Fencing [] Foundation Details Brick/MortarConcrete Perimeter Lot Features [] Other Structures [] Parking Features StoneDriveway Parking Total 4 Patio And Porch Features Wrap AroundPatio Pool Features [] Roof RubberShingle View [] Waterfront Features [] Waterfront YN No Window Features []

Interior Features

Basement Full Cooling None Cooling YN No Fireplace Features [] Flooring Wood Heating Radiant Heating YN Yes Interior Features [] Laundry Features In Basement

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Association YN No Electric [] Green Energy Efficient [] Green Energy Generation [] Green Indoor Air Quality [] Listing Terms [] New Construction YN No Other Equipment [] Owner Pays Trash CollectionSewerManagementSnow RemovalWaterGrounds Care Property Condition [] Property Sub Type Duplex Security Features [] Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Hot WaterHeatElectricityGas Utilities [] Water Source Public

Listing information © 2026 Global MLS.
Listing provided courtesy of Ellen Evans of Gendron's Property Management: 518-360-8492.



© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2026-03-16T14:12:01.58.
 
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