Renovated Duplex with Separate
New
For Sale
$420,000
137 N Pine Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size2,140 SF
Lot Size0.08 Acres
Price / SF$196.26
Days on Market1
Property Features for 137 N Pine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
1
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2
Parking
4
Parking features
Driveway
Window features
ENERGY STAR Qualified WIndows, Double Pane Windows
Patio and Porch features
Porch
Interior features
Paddle Fan, Built-in Features, Ceramic Tile Bath
Basement
Unfinished
Lot features
Cleared
View
City
Elementary school
Pine Hills
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Avenue to North Pine to 137 on left.
Standard status
Active
APN
010100 64.43-2-47
Size
2,140 SF
Lot size
0.08 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
1168
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1907
Number of units
2
Flooring type
Concrete, Wood, Tile - Ceramic
Building materials
Block, Brick, Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Susan Lynne l Sommers · License #30SO0940609
(518) 495-9144
Added: Nov 5
Last Checked: Nov 5 at 1:06PM
MLS# 202629611
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.
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Investment Insights
Based on property information with market context.
This 2,140-square-foot duplex contains two residences and has undergone extensive interior updates. Both kitchens feature quartz counters, ceramic tile backsplashes, and stainless steel appliances. The bathrooms have ceramic tile floors and rainhead showers, with washer and dryer hookups in each. Oak hardwood flooring, updated windows and electrical, and a full basement with a concrete floor round out the improvements. The property was built in 1907 and sits on a 0.08-acre lot.
Separate utilities serve the two residences. Public water and sewer are available, and the property has driveway parking and a porch. It is zoned Multi Residence.
Separate utilities serve the two residences. Public water and sewer are available, and the property has driveway parking and a porch. It is zoned Multi Residence.
Key Highlights
- Two‑family property with separate utilities
- 2,140 square feet on a 0.08‑acre lot
- Kitchens feature quartz counters, ceramic tile backsplashes, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,371
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,420
$487.4K
Cap Rate 7%
$348,157
$348.2K
Cap Rate 9%
$270,789
$270.8K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$37.2K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.8K $16.27/SF
− OpEx
−$10.4K −$4.88/SF
NOI
$24.4K $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%
$487,420
Cap Rate 7%
$348,157
Cap Rate 9%
$270,789
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.6K – $406.2K
NOI $24,371 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$564.6K
$494.0K – $658.7K
NOI $39,522 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate utilities, updated kitchens and baths, and a full basement.
Where is this duplex located?
The property is located at 137 N Pine Avenue Albany, NY.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑family property with separate utilities; 2,140 square feet on a 0.08‑acre lot; Kitchens feature quartz counters, ceramic tile backsplashes, and stainless steel appliances
