683 State Street, Albany, NY 12203
Local realty services provided by:CENTURY 21 North East
Listed by: pearl w ha
Office: adi real estate services llc.
MLS#:202615320
Source:Global MLS
Price summary
- Price:$365,000
- Price per sq. ft.:$208.57
About this home
A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment.
For the Home Buyer
Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done.
Qualifies for FHA owner-occupied financing.
For the Investor
True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low.
The Location
Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit.
Agent is the Ownerr...
Contact an agent
Home facts
- Year built:1900
- Listing ID #:202615320
- Added:102 day(s) ago
- Updated:July 29, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Tile, Vinyl
- Basement Description:Exterior Entry, Partial, Unfinished
- Living area:1,750 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Asphalt
- Year built:1900
- Building area:1,750 sq. ft.
- Lot area:0.06 Acres
- Architectural Style:Duplex-Over/Under
- Construction Materials:Vinyl Siding
Schools
- High school:Albany
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$365,000
- Price per sq. ft.:$208.57
- Tax amount:$6,303
Parking
- Total parking spaces:4
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