721 State Street

Albany, NY 12203

$252,000
Last Sold Price
7
Beds
2
Baths
2,072 Sq. Ft.
$122 / Sq. Ft.
2,072
Sq. Ft.
$122
per Sq. Ft.

Description

Cash Flowing 2 family located in a very strong student rental area. Updates throughout, and near public transportation, minutes from Ualbany's downtown campus, Albany med and downtown Albany. Can be packaged with a variety of 9 other nearby rental properties.Cash Flowing 2 family located in a very strong student rental area. Updates throughout, and near public transportation, minutes from Ualbany's downtown campus, Albany med and downtown Albany. Can be packaged with a variety of 9 other nearby rental properties.
  1. Listed by David M Schrepper • RE/MAX Solutions
  2. Listed by Jonathan Lanahan • RE/MAX Solutions

Property Details for 721 State Street

Architectural Style
Traditional
Zoning
Multi Residence
Waterfront
No
Parking Total
.00
LISTING UPDATED: 12/16/2024 05:36 PM

Property Details for 721 State Street

StatusClosed
MLS #202416422
Days on Market165
Taxes$6,757 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1929
Lot Size0.04 AC / 1,742 SF
CountyAlbany County

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Building Information for 721 State Street

Stories-Residences-Year Built1929Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 721 State Street

Summary
Location and General Information
  • Postal City: Albany
  • Directions: WESTERN TO QUAIL(TOWARD WASHINGTON)LEFT ON STATE HOUSE ON RIGHT
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12203
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.78
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 15
  • Tax Block: 3
  • Parcel Number: 010100 65.53-3-15
  • Tax Tract: 65.53
  • Tax Annual Amount: $6,757.46
Parking
  • GarageSpaces: .00
School Information
  • School District: Albany
  • High School: Albany
  • Elementary School: Philip J. Schuyler Achievement
Virtual Tour
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Lot Features: Level
  • Year Built: 1929
  • Lot Size Dimensions: 25x75
  • Above Grade Finished Area: 2072.0
  • Above Grade Finished Area Source: Estimated
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Agent
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1742.4
Building Information
  • Living Area: 2072.0
  • Duplex Type : Up And Down: Yes
Utilities
  • Water Source: Public
  • Utilities: Cable Available
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Heat: Yes
  • Separate Utilities : Water Heater: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 2
  • Separate Utilities : Number Of Separate Gas Meters: 2
Interior and Exterior Features
Exterior Features
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Exterior Features: None
Interior Features
  • Heating: Hot Water, Natural Gas
  • Flooring: Vinyl, Tile, Wood
  • Electric: Circuit Breakers
  • Basement: Full
  • Construction Materials: Wood Siding
  • Heating: Yes
  • Attic Features : Hatch: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Notational: 2.00
  • Bedrooms Total: 7
  • Bathrooms Full: 2
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Unit Information : Number Of Refrigerators: 2
  • Unit Information : Number Of Stoves: 2
Income & Expenses Information
  • Insurance Expense: $1,400.00
  • Maintenance Expense: $2,000.00
  • Water Sewer Expense: $1,000.00
  • Income And Expenses : Rental Income: $3,040.00
  • Income And Expenses : Rental Income Description: Estimated
  • Income And Expenses : Total Income: $36,480.00
  • Income And Expenses : Total Income Description: annual
  • Income And Expenses : Insurance Expense: $1,400.00
  • Income And Expenses : Insurance Expense Description: Actual
  • Income And Expenses : Maintenance Expense: $2,000.00
  • Income And Expenses : Water Sewer Expense: $1,000.00
  • Income And Expenses : Water Sewer Expense Desc: Estimated
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 3
  • Unit Detail : Bedrooms on 1st Floor: 3
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 1st Floor: 1
  • Unit Detail : Kitchens 1st Floor: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Appliances : Oven: Yes
Unit 2
  • Rent: $1,600.00
  • Unit Detail : Total Bedrooms: 4
  • Unit Detail : Bedrooms on 2nd Floor: 4
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 2nd Floor: 1
  • Unit Detail : Kitchens 2nd Floor: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Appliances : Oven: Yes
Rental
Rental Information
  • Tenant Pays: Hot Water, Heat, Electricity, Gas
  • Owner Pays: Trash Collection, Sewer, Water

Property History for 721 State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 721 State Street

Taxable ValueLand$30,800Additions$123,200Total$154,000
Home Facts
Baths2Total Finished SqFt2,072 SqFtAbove Grade Finished SqFt2,072 SqFtStories2Lot Size1,875 SqFtStyleDuplexYear Built1929ZoningR2BCountyALBANYAPN010100 65.53-3-15

Schools near 721 State Street

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Philip J Schuyler Achievement Academy
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

Edmund J O'neal Middle Of Excellence
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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