884-886 Lancaster Street, Albany, NY, 12203
About This Home
Located in Pine Hills, this 3,000 sq+ side by side duplex on a double-lot is a great opportunity for an investor or owner-occupant. Both units currently rented to stable tenants. Each unit has a kitchen, living room, and dining room on the first floor, 4 beds and 1 bath on the second floor. Large driveway provides off street parking for both units. Unit 1 is rented at $2,000/month and Unit 2 is rented at $2,050/month for total gross rent of $4,050/month ($48,600/year). Estimated operating expenses: taxes ($10,208/yr), insurance ($2,500/yr), and water/sewer ($700/yr), estimated total annual operating expenses of ~$13,408 and estimated NOI of ~$35,192/year (~$2,932.67/month). Estimated cap rate is ~7.6%.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Brick/Mortar,Concrete Perimeter
- Roof: Rubber,Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Duplex,Multi Family
Interior
Appliances
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Wood
- Finished area below ground: 0
- Finished area above ground: 2,940
Heating & Cooling
- Heating features: Radiant
- Cooling features: None
Interior Area
- Total structure area: 2,940
- Total interior livable area: 2,940 sqft
Property
Details
- Parcel number: 64.43118 01
- Attached to another structure: Yes
- Special condition: Standard
Features
- Patio & porch: Wrap Around,Patio
- Exterior features: None
Lot
- Lot size: 6,534 sqft
Parking
- Total spaces: 4
- Parking features: Stone,Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,209 | $26,508 |
| Home Insurance * | $163 | $1,956 |
| Property Taxes | $619 | $7,428 |
| Electricity | $485 | $5,830 |
| Total | $3,476 | $41,712 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Price change | $450,000 |
| 2026-02-26 | Listed for sale | $465,000 |
| 2022-05-10 | Sold | $390,000 |
| 2022-04-18 | Pending sale | $399,000 |
| 2022-04-01 | Listed for sale | $399,000 |
| 2021-12-15 | Listing removed | -- |
| 2021-08-13 | Price change | $375,000 |
| 2021-06-24 | Price change | $379,700 |
| 2021-05-28 | Listed for sale | $399,900 |
| 2005-07-20 | Sold | $255,000 |
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