Brick Triplex with
New
For Sale
$575,000
10 Pine Street, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,944 SF
Lot Size0.21 Acres
Price / SF$195.31
Days on Market3
Property Features for 10 Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Laundry Room, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking
6
Parking features
Garage, Driveway, Open
Window features
Blinds
Patio and Porch features
Porch, Deck
Interior features
Paddle Fan, High Speed Internet
Fireplace
1
Basement
Full, Finished, Interior Entry, Walk-Out Access, Exterior Entry
Lot features
Cleared
Elementary school
Westmere
High school
Guilderland
Elementary school district
Guilderland
Middle school district
Guilderland
High school district
Guilderland
Directions
Western Ave to Russell Rd to right on Monroe Ave to a right on Pine St and property on the left
Standard status
Active
APN
012200 63.12-3-66
Size
2,944 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
7789
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
shared laundry room
Building Details
Year built
1955
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt, Shingle
Additional Structures
Second Garage
Listing Agency:
Re Max Solutions · RE/MAX International
(518) 318-3800
Listed By:
Ferdinando Bruno · License #10491208177
(518) 225-3538
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# 202627888
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,944-square-foot brick triplex contains three apartments: a two-bedroom, one-bath unit on the first floor and two one-bedroom, one-bath units above. The first-floor apartment connects to a basement recreation room with a wood-burning fireplace. The basement also has shared laundry, a half bath, and storage. Hardwood flooring, some newer windows, and a deck serving one upper apartment add to the building’s features.
Garage parking includes an attached one-car garage and a separate two-car garage at the rear. The property has public water and sewer, two electric services, and a single natural-gas hot water heating system. A backup generator serves the first-floor apartment. The sale also includes a cleared 60-by-100-foot lot at the corner, facing N Bridge Street; construction there requires variances. The property is in the Guilderland School District.
Garage parking includes an attached one-car garage and a separate two-car garage at the rear. The property has public water and sewer, two electric services, and a single natural-gas hot water heating system. A backup generator serves the first-floor apartment. The sale also includes a cleared 60-by-100-foot lot at the corner, facing N Bridge Street; construction there requires variances. The property is in the Guilderland School District.
Key Highlights
- Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- 2,944 square feet in a brick building
- Attached 1‑car garage and separate 2‑car garage at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,527
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,540
$670.5K
Cap Rate 7%
$478,957
$479.0K
Cap Rate 9%
$372,522
$372.5K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$51.2K $17.40/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$47.9K $16.27/SF
− OpEx
−$14.4K −$4.88/SF
NOI
$33.5K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,540
Cap Rate 7%
$478,957
Cap Rate 9%
$372,522
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,527 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$429.6K
$375.9K – $501.2K
NOI $30,072 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$776.7K
$679.6K – $906.2K
NOI $54,370 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are complemented by shared laundry, basement recreation space, and multiple garage bays.
Where is this triplex located?
The property is located at 10 Pine Street Albany, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 2,944 square feet in a brick building; Attached 1‑car garage and separate 2‑car garage at the rear
