Nicholas Falcone
Licensed Real Estate Salesperson
REALTOR®
Stamford, NY
Office: (607) 652-2220 (631) 384-1507

40 Pinewood Avenue, Albany, NY 12208

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Property Description

Welcome to this charming two-family home nestled in Albany's highly desirable Helderberg neighborhood. Each spacious unit features 3 bedrooms, 1 updated bathroom, and beautiful hardwood floors throughout, offering comfortable living for both owner-occupants and tenants alike. Ideally located near local hospitals, shops, restaurants, and everyday conveniences, this property presents an excellent opportunity for investors seeking strong rental income or buyers looking to offset their mortgage with additional revenue. Major updates and improvements provide peace of mind, including: two new water heaters (2025/2019), main sewer line relined (2019), expanded rear parking with 4-5 off-street spaces (2020), two chimneys relined and rebuilt from the roofline up (2023), new water line in 2024 (lead replaced) with inspected and properly tied-in drain line, plus new roof, windows, and siding. Don't miss your chance to own this well-maintained, move-in ready property in one of Albany's most sought-after neighborhoods!

40 Pinewood Avenue | MLS# 202612363

This multi-family property located at 40 Pinewood Avenue, Albany, NY 12208 is currently listed for sale with an asking price of $395,000. Pinewood Avenue is located within the Albany school district. Search Albany real estate on nicholas-falcone.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit(s)
Heating: Hot Water, Natural Gas
Home Style: Traditional
Lot Size: 0.15 Acres
Roof Type: Shingle, Asphalt
Taxes: $8,264
Year Built: 1930

Feature Descriptions

Days on Site: 7
Exterior: Aluminum Siding, Vinyl Siding
Exterior: Other
Flooring: Ceramic Tile, Hardwood
Foundation: Concrete Perimeter
Interior: Paddle Fan, Built-in Features, Ceramic Tile Bath
Lot: Cleared
Lot Dimensions: 40X161.8
Parcel #: 010100 75.35-1-14
Parking: Off Street, Paved
Parking Total: 4
Parking Total: 4
Patio/Porch: Rear Porch, Front Porch
Security: Carbon Monoxide Detector(s)
Sewer: Public Sewer
SQFT Above Grade Finished: 2400
Water: Public

Local Schools

High School: Albany
School District: Albany

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Estimated Payment

$ 1,682.97 per month $879.10 Principal & Interest $688.67 Property Tax $115.21 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: KW Platform
Agency Phone: 1 518-724-5800

Shown By

Agent Name: Nicholas Falcone
Agent Phone: (631) 384-1507
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 1:11:38 AM EST) or Global MLS (last updated Tue 03/03/2026 1:06:55 AM EST) or New York State Alliance MLS (last updated Tue 03/03/2026 1:10:29 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 03/03/2026 12:11:14 AM EST) or OneKey MLS (last updated Tue 03/03/2026 1:10:05 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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