708 State Street

Albany NY 12203

2024 sq. ft.

2613.6 sq. ft.

Duplex

Last sold for $329,000

Joseph Cardinale, last sold this property on 31 October 2024 after 106 days on market.

Overview

This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!

Features

6 bedrooms

2 bathrooms

2024 sq. ft. floor area

2613.6 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Albany over the last 12 months, the estimated median property value of 708 State Street is $237.5k.

Median value

$237.5k

Estimated value range

$99k - $490k

Median days on market

Estimated value trend

-29%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Albany. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 708 State Street

2024

Sold

$329,000

31 Oct 2024 by Joseph Cardinale, of Howard Hanna

2022

Rented

Undisclosed

02 Aug 2022 by Howard Hanna

2022

Sold

$270,000

02 May 2022 by Joseph Frith, of Coldwell Banker Prime Prop.

Happy sellers in Albany

We have insufficient information to provide an overview of customer satisfaction for Albany. Viewing the agent profiles, reviews and sales for Albany can provide insights for this location.