7 Hemlock Lane
About This Property
Located in the desirable Buckingham Lake - Crestwood neighborhood of Albany, this classic brick raised ranch offers the perfect blend of timeless charm and modern updates. Just a quarter mile from St. Peter's Hospital, the home provides both convenience and comfort.
Inside, you'll find a move-in ready, low-maintenance layout featuring 3 bedrooms and 2 full bathrooms. With thoughtful upgrades throughout, this home is ideal for buyers looking for style, functionality, and easy living.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2025 | Price Decreased |
$314,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$319,900
↓ $10K
(3%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed by Clancy Real Estate | $329,900 | |
| Listed by Clancy Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017