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Albany Two-Family Investment Property

693 State Street, Albany, NY 12203

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Pending

$279,900

MULTI_FAMILY - Other - Albany, NY

Property size:

2,472 SF

Lot size:

0.05 Acres

HighLights

Fully rented 2,472 SF two‑family property with leases in place
Gross rental income of $2,900/month
Public water and public sewer
Heating includes natural gas and radiant heat
Interior features include solid surface counters and high‑speed internet
Hardwood and laminate flooring; aluminum siding and asphalt roof

We can help!

Contact an agent

Kevin Clancy

Pending

$279,900

MULTI_FAMILY - Other - Albany, NY

Property size:

2,472 SF

Lot size:

0.05 Acres

Added:: Jan 21, 2026
Days on Market:: 166
Last Refresh:: Jul 6 at 9:06 am

Property Features for 693 State Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 6
Bathrooms: 2
Rooms: Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Interior features: Solid Surface Counters, Paddle Fan, High Speed Internet
Basement: Unfinished, Full
Standard status: Pending
APN: 010100 65.62-3-18
Size: 2,472 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 4627

Utilities

Sewer type: Public Sewer
Heating system: Radiant, Natural Gas
Water source: Public

Building Details

Year built: 1900
Number of units: 2
Flooring type: Hardwood, Laminate
Building materials: Aluminum Siding
Roof type: Asphalt
Architectural style: Other

We can help!

Contact an agent

Kevin Clancy

Listing agent Kevin Clancy License #37CL1081409

Listing office Clancy Real Estate 1 Fletcher Road, Albany, NY

Listing date Jan 21, 2026

MLS# 202610882 Listing URL

HighLights

Fully rented 2,472 SF two‑family property with leases in place
Gross rental income of $2,900/month
Public water and public sewer
Heating includes natural gas and radiant heat
Interior features include solid surface counters and high‑speed internet
Hardwood and laminate flooring; aluminum siding and asphalt roof

Overview

This fully rented two-family investment property offers 2,472 square feet of space and generates $2,900 per month in gross rental income with existing leases. Situated in Albany, New York, within a well-established rental area, this property provides immediate cash flow. The property, located at 693 State Street, Albany, NY 12203, is positioned as a straightforward acquisition for investors seeking stabilized income. The lot size is 0.05 acres. It is being sold in as-is condition and is presented as a strong addition to long-term or value-focused investment strategies.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.777007
Latitude: 42.66349

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For sale
Duplexes
NY
Albany
12203
693 State Street

What type of property is this?

Duplex - Fully rented two-family property producing $2,900/month gross income.

Where is this duplex located?

The property is located at 693 State Street Albany, NY.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: Fully rented 2,472 SF two‑family property with leases in place; Gross rental income of $2,900/month; Public water and public sewer

693 State Street, Albany, NY 12203

MULTI_FAMILY - Other - Albany, NY

Property Features for 693 State Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

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