683 State Street, Albany, NY 12203 (MLS # 202615320)

Open House Sun Jun 21 - Appointment Required! Please call host 518 698 7074 for an appointment. A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr

Last Updated	4/17/2026	Year Built	1900
County	Albany

SCHOOLS

High School	Albany

Additional Details

AIR	None
BASEMENT	Exterior Entry, Partial, Unfinished, Yes
CONSTRUCTION	Vinyl Siding
EXTERIOR	None
HEAT	Baseboard, Forced Air
LOT	2614 sq ft
LOT DIMENSIONS	0.06
SEWER	Public Sewer
STYLE	Duplex-Over/Under, Other
TAXES	6303
UTILITIES	Sewer Connected
WATER	Public

Location

 

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