Pending

500 Washington Avenue

Albany, NY 12203
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Bed 6

Bed

Bath 2

Bath

SqFt1,920

Sqft

Acres0.04

Acre(Lot)

Cash-flowing Pine Hills duplex has strong upside potential. Its location places tenants within close distance of UAlbany, Albany Med, neighborhood restaurants, and public transportation. The property also sits close to Townsend Park and the proposed International District, both identified as areas of importance in Albanys $200 Million revitalization plan This income producing property presents a great opportunity for investors or house-hack buyers seeking steady rental income in one of Albany's most consistent rental markets. Unit 2 is currently rented for $2000 month and Unit 1, currently vacant, has a projected rent of $1300 with room for growth. Investment highlights include a history of strong rental income, desirable unit layouts, separate utilities (including a new high efficie ncy boiler), and updated bathrooms. Whether you are an investor looking to expand your portfolio with a stable income-producing property, or a buyer interested in living in one unit while the other offsets your mortgage, this duplex offers both day one cash flow and long-term upside potential in a well-established rental location.

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Detail Ic Property Details

Property Type : Residential Income

Price : $265,000

AD Id : 74483660

MLS Id : 202610924

Beds : 6

Lot Size : 0.04 Acre

Living Area Size : 1,920

Year Built : 1900

County : Albany

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Map

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Roofing Information

    Rubber
  • Interior Features

    High Speed Internet, Built-in Features Roof: Rubber Laundry Features: Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Natural Gas Cooling: None

  • Building Information

    Year Built: 1900 Construction Materials: Aluminum Siding Private Pool: No
  • Exterior Features

    Exterior Features: None

  • Lot Information

    Main Square Feet: 0.04 Acres Lot Size Acres: 0.04 Lot Size Square Feet: 1742.4

    Property Information

    Subdivision: Pine Hills Source Property Type: Residential Income Property SubType: Duplex Property Age: 126

  • Listing Price Information

    Listing Price: $265000 Original Price: $275000

  • Tax Information

    Parcel Number: 010100 65.62-2-11 Tax Lot: 11.000 Tax Block: 2 Annual Tax: $3435

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Albany
  • Utility Information

    Cable Available, Sewer Connected
  • Location Information

    Direction: Washington Ave, between North Lake and Quail. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
211 Quail Street, Albany, NY, 12203 $259,900 6 2 2,378 2,378 SqFt
247 Quail Street, Albany, NY, 12203 $269,900 3 3 2,208 2,208 SqFt
518 Hudson Avenue, Albany, NY, 12203 $599,000 13 6 3,000 3,000 SqFt
118 N Allen Street, Albany, NY, 12203 $280,000 4 2 1,924 1,924 SqFt
52 N Allen Street, Albany, NY, 12203 $299,900 8 3 3,125 3,125 SqFt
884-886 Lancaster Street, Albany, NY, 12203 $437,000 8 2 2,940 2,940 SqFt
149 Homestead Avenue, Albany, NY, 12203 $385,000 6 2 2,668 2,668 SqFt
683 State Street, Albany, NY, 12203 $369,000 6 2 1,750 1,750 SqFt

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ByOwner last updated this listing 06/27/2026 @ 14:31

MLS: 202610924 LISTED BY: Peter Melito, Akoma Realty Services LLC 518-461-8436 SOURCE: Global MLS

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