683 State Street, Albany, NY, 12203
About This Home
Fully renovated and presents a turnkey multifamily investment with immediate lease-up potential in one of Albany's most durable rental submarkets. RENOVATIONS & CAPEX IMPROVEMENTS: New LVP flooring throughout Fully updated bathrooms with marble-look porcelain tile & rainfall fixtures New windows and doors Updated exterior siding Recessed lighting + modern finishes Updated Electrical and Plumbing Newer roof True Turnkey Asset -- No renovation risk or CapEx pipeline 3BR Units Rare Amenity Combo: Onsite Parking + in unit laundry Delivered Vacant -- Control tenant selection + maximize rents immediately Proven Submarket -- Stable occupancy with diverse renter base Situated in Pine Hills, one of Albany's most established rental markets: Minutes to University at Albany Strong access to healthcare, education, and state employment hubs Consistent demand from students, professionals, and workforce tenants Projected CAP Rate: >10% (Pro Forma) Agent is the Owner
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Duplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partial,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Vinyl,Tile
- Finished area below ground: 400
- Finished area above ground: 1,750
Heating & Cooling
- Heating features: Baseboard,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
Property
Details
- Parcel number: na
- Attached to another structure: Yes
- Special condition: Other
Features
- Exterior features: None
- Fencing: Back Yard
Lot
- Lot size: 2,613 sqft
Parking
- Total spaces: 4
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
- Strong Wind
- Tornado
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 | $1,845 | $22,140 |
| Home Insurance * | $136 | $1,632 |
| Property Taxes | $610 | $7,320 |
| Electricity | $289 | $3,470 |
| Total | $2,880 | $34,560 |
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 |
|---|---|---|
| 2026-04-17 | Listed for sale | $369,000 |
| 2025-12-24 | Listing removed | $269,000 |
| 2025-12-05 | Listed for sale | $269,000 |
| 2021-06-25 | Sold | $152,500 |
| 2021-03-31 | Pending sale | $169,900 |
| 2021-03-22 | Listed for sale | $169,900 |
| 2017-10-06 | Sold | $20,000 |
| 2017-09-27 | Pending sale | $15,000 |
| 2017-09-27 | Listed for sale | $15,000 |
| 2017-08-03 | Listing removed | $15,000 |
| 2017-06-14 | Listed for sale | $15,000 |
| 2011-06-15 | Listing removed | $105,000 |
| 2011-05-01 | Listed for sale | $105,000 |
| 2010-11-10 | Listing removed | $105,000 |
| 2010-05-08 | Listed for sale | $105,000 |
| 2007-08-10 | Sold | $65,000 |
| 2007-05-24 | Sold | $104,866 |
| 2005-03-15 | Sold | $103,000 |
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