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884-886 Lancaster Street, Albany, NY 12203

Albany
Local realty services provided by:CENTURY 21 North East
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%.

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Home facts

  • Year built:1900
  • Listing ID #:202612518
  • Added:60 day(s) ago
  • Updated:April 28, 2026 at 02:28 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.

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