Pine Hills Multifamily
For Sale
$390,000
75 S Pine Avenue, Albany, NY 12208
Well-maintained 2-unit home in Albany's desirable Pine Hills neighborhood.
Property Size2,356 SF
Price / SF$165.53
Days on Market259
Property Features for 75 S Pine Avenue
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Duplex
Amenities
Hot Water
Radiant
Garden, Porch, Shingle, Asphalt
Building Details
Building Size
2,356 SF
Year Built
1907
Listing Agency:
KW Platform
Listed By:
Luke Khachadourian · License #10301219050
(518) 937-3252
Source:
Kw
Added: Feb 13
Changed: Oct 29
Last Checked: Oct 28 at 2:10PM
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 KW Platform
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Investment Insights
Based on property information with market context.
Located in the heart of Albany's desirable Pine Hills Neighborhood, this well-maintained 2-unit home presents an opportunity for investors or owner-occupants. The property is known for its strong rental demand and ease of management. Each unit features spacious layouts with 3 large bedrooms and 1 full bath. Refinished hardwood floors, original wood trim, custom built-ins, and abundant natural light are present throughout both apartments. Unit 1 includes a large front porch with a porch swing, while Unit 2 has both a front and back porch and an updated kitchen with new appliances, cabinets, and granite countertops. Both units have updated bathrooms with new vanities, toilets, tubs, and showers. Fresh paint enhances the clean, move-in ready appeal. Additional improvements include new vinyl siding, a roof that is 3 years old, updated electrical outlets and switches, and added lighting in the attic and basement. The basement walls have been freshly parged and painted. Private back decks, a generous backyard, raised garden beds with berry bushes, and a paver patio sidewalk enhance outdoor living. The property includes a 2-car garage with off-street parking accessible from a private alley. Separately metered utilities add convenience and investment value. The property is centrally located near colleges, hospitals, shopping, restaurants, and public transportation. The property size is 2356 square feet.
Key Highlights
- Prime location in Albany's desirable Pine Hills neighborhood
- Well‑maintained 2‑unit home ideal for investors or owner‑occupants
- Rare 2‑car garage with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,831
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,620
$536.6K
Cap Rate 7%
$383,300
$383.3K
Cap Rate 9%
$298,122
$298.1K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$41.0K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$38.3K $16.27/SF
− OpEx
−$11.5K −$4.88/SF
NOI
$26.8K $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%
$536,620
Cap Rate 7%
$383,300
Cap Rate 9%
$298,122
Alternative Uses
Best Use
Multifamily LT 5
$383.3K
$335.4K – $447.2K
NOI $26,831 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,511 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained 2-unit home in Albany's desirable Pine Hills neighborhood.
Where is this duplex located?
The property is located at 75 S Pine Avenue Albany, NY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Prime location in Albany's desirable Pine Hills neighborhood; Well‑maintained 2‑unit home ideal for investors or owner‑occupants; Rare 2‑car garage with off‑street parking
