Albany Two-Family Investment
85 South Pine Avenue, Albany, NY 12208
Well-kept two-family property in Albany's Pine Hills neighborhood.
Type:Multi Family / Duplex
Property size:
2,356 SFPrice / SF:
$148/SF- Added:
- Mar 31, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 31 at 8:17 pm
Property Features for 85 South Pine Avenue
General Information
- Standard status
- Active
- Size
- 2,356 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1907
Listing agent Nicholas W Miuccio License #10491207444 (518) 330-2814
Listing office Miuccio Real Estate Group (518) 330-2814
Listing date Mar 31, 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 Miuccio Real Estate Group
HighLights
- Income‑producing property with tenants in place, providing consistent cash flow through April 2027 and June 2026.
- Two separate units with separate utilities offer flexibility.
- Prime location in Albany's Pine Hills, close to colleges, hospitals, and shopping.
- Well‑maintained property with updates including a newer boiler and solid porches.
- First‑floor unit features three bedrooms, a full bath, hardwood and ceramic tile flooring, plus a rear den.
- Second‑floor unit features two bedrooms with spacious living and dining areas and a bright, open layout.
Overview
This well-maintained two-family property is located in Albany's Pine Hills neighborhood, situated on a quiet, tree-lined street. The property is conveniently located minutes from colleges, hospitals, and local shopping. The first-floor unit features three bedrooms, a full bath, hardwood and ceramic tile flooring, plus a rear den. The first floor unit is currently occupied by a tenant with a lease in place through April 2027, providing consistent income. The second-floor unit includes two bedrooms with spacious living and dining areas and a bright, open layout. The second floor unit's lease is in place through June 2026. Each unit has separate utilities, natural gas heat, and washer/dryer setups in the basement. Updates include a newer boiler and solid, well-maintained porches. The property has public water and sewer. The property size is 2356 square feet. This property, with a proven rental track record, is suitable for both investors and owner-occupants.
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 7.67%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,511 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Safak International,Inc
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7910499
- Latitude
- 42.6691143
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-kept two-family property in Albany's Pine Hills neighborhood.
Where is this duplex located?
The property is located at 85 South Pine Avenue Albany, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Income‑producing property with tenants in place, providing consistent cash flow through April 2027 and June 2026.; Two separate units with separate utilities offer flexibility.; Prime location in Albany's Pine Hills, close to colleges, hospitals, and shopping.
