501 2nd Street
Albany, NY 12206
3
Bed
2
Bath
1,540Sqft
0.07Acre(Lot)
Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028. Ideally situ
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Has Basement: Yes Basement: Interior Entry -
Flooring Information
Carpet, Laminate -
Heating & Cooling
Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1900 Construction Materials: Other Patio And Porch Features: Rear Porch, Covered, Enclosed Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 25X127.3 Main Square Feet: 0.07 Acres Lot Size Acres: 0.07 Lot Size Square Feet: 3049.2
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Listing Price Information
Listing Price: $145000
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Tax Information
Parcel Number: 010100 65.47-1-42 Tax Lot: 42.000 Tax Block: 1 Annual Tax: $2554.91
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Parking Information
Off Street
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School Information
Elementary School: Philip J. Schuyler AchievementJunior High School:Senior High School: Albany -
Utility Information
Sewer Connected -
Location Information
Direction: I-90 E to Everett Rd Ext. Exit 5 from I-90 E. Turn right onto Everett Rd Ext. Turn left onto Watervliet Ave Ext. Continue onto Commerce Ave. Turn right onto N Manning Blvd. Turn left to stay on N Manning Blvd. Continue onto Livingston Ave. Turn right onto Quail St. Turn right at the 2nd cross street onto 2nd St. #501 is on the right WaterSource: Public Security Features: Fire Alarm
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 257 Elk Street, Albany, NY, 12206 | $180,000 | 6 | 2 | 1,452 | 1,452 SqFt |
| 290 3rd Street, Albany, NY, 12206 | $105,000 | 5 | 2 | 1,876 | 1,876 SqFt |
| 265 Elk Street, Albany, NY, 12206 | $119,000 | 6 | 2 | 1,672 | 1,672 SqFt |
| 300 3rd Street, Albany, NY, 12206 | $184,999 | 5 | 2 | 1,400 | 1,400 SqFt |
| 313 1st Street, Albany, NY, 12206 | $260,000 | 6 | 3 | 2,100 | 2,100 SqFt |
| 318 1st Street, Albany, NY, 12206 | $230,000 | 5 | 3 | 2,100 | 2,100 SqFt |
| 372 1st Street, Albany, NY, 12206 | $145,000 | 5 | 2 | 1,600 | 1,600 SqFt |
| 390 2nd Street, Albany, NY, 12206 | $115,000 | 4 | 2 | 1,720 | 1,720 SqFt |
| 402 2nd Street, Albany, NY, 12206 | $89,900 | 6 | 2 | 2,300 | 2,300 SqFt |
| 385 Washington Avenue, Albany, NY, 12206 | $345,000 | 3 | 3 | 2,784 | 2,784 SqFt |
Similar Multifamily To 501 2nd Street
Nearby For Sale
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ByOwner last updated this listing 06/13/2026 @ 05:00
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