Pine Hills Multifamily
75 South Pine Avenue, Albany, NY 12208
Well-maintained 2-unit home in Albany's desirable Pine Hills neighborhood.
Type:Multi Family / Duplex
Property size:
2,356 SFPrice / SF:
$163/SF- Added:
- Feb 9, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 13 at 1:48 pm
Property Features for 75 South Pine Avenue
General Information
- Standard status
- Active
- Size
- 2,356 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1907
Listing agent Luke Khachadourian License #10301219050 (518) 937-3252
Listing office KW Platform (518) 937-3252
Listing date Feb 9, 2026
Source Compass
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
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
- Updated features throughout both units, including refinished hardwood floors, updated bathrooms, updated kitchen (Unit 2), and fresh paint
- Significant recent improvements, including new vinyl siding, a relatively new roof (3 years old), updated electrical, and basement updates
- Desirable outdoor living space with private back decks, a generous backyard, raised garden beds, and a paver patio sidewalk
Overview
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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $17.40 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $38.3k | $16.27 |
| − OpEx | −$11.5k | −$4.88 |
| NOI | $26.8k | $11.39 |
2,356 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.3K
$335.4K – $447.2K
NOI $26,831 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,511 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7957953
- Latitude
- 42.6646143
Nearby Similar for Sale
FAQs
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 South Pine Avenue Albany, NY.
What is the asking price?
The asking price for this property is $385,000.
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
