Back 708 State Street
Off Market

708 State Street

Albany NY 12203

6
2
0.06 ac.
Multi-Family
Last sold for $329,000
Joseph CardinaleJoseph 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
0.06 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Albany over the last 12 months.

Property history for 708 State Street

2024
Sold
$329,000
31 Oct 2024 by Joseph Cardinale, of Howard Hanna Capital INC
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

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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.

Local market activity for 6 bedroom multi families in Albany

In the last 12 months, 1 six-bedroom multi family similar to 708 State Street, have been sold.

This represents a 50% increase in six-bedroom multi families sales when compared to the previous 12 months.

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