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Four-Unit Multifamily Property
For Sale
$399,900

101 S Pine Avenue, Albany, NY 12208

Income-producing residential building with hardwood flooring, updated mechanical systems, and current Rental Occupancy Permits.

Property Size4,584 SF
Price / SF$87.24
Days on Market9

Property Features for 101 S Pine Avenue

General Information

Standard status Active
Size 4,584 SF
Property subtype Multi-family

Additional Details

Highway Access Yes
Multifamily Units 4

Building Details

Year Built 1962
Listing Agency: Monticello
Listed By: Nirisa Adams
Source: Signatureonerealtygroup
Added: Aug 3 Changed: Aug 10 Last Checked: Aug 10 at 7:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monticello

Investment Insights

Based on property information with market context.

This 4,584-square-foot multifamily property contains four residential units in a building constructed in 1962. Apartment interiors include hardwood flooring and functional living areas, while vinyl replacement windows provide a documented building update. The boiler and hot water heater were replaced in 2025.

Two second-floor apartments are occupied by long-term month-to-month tenants. All Rental Occupancy Permits are current. The property is located at 101 S Pine Avenue in Albany, near colleges, hospitals, restaurants, parks, shopping, and major highways.

Key Highlights

  • Four‑unit multifamily property totaling 4,584 square feet
  • Two second‑floor units occupied by long‑term month‑to‑month tenants
  • Boiler and hot water heater replaced in 2025

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Acupuncture Law Firm Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

Demographics for 12208, NY

22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Income-producing residential building with hardwood flooring, updated mechanical systems, and current Rental Occupancy Permits.
Where is this quadplex located?
The property is located at 101 S Pine Avenue Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 4,584 square feet; Two second‑floor units occupied by long‑term month‑to‑month tenants; Boiler and hot water heater replaced in 2025
More about this property
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