500 Washington Avenue, Albany, NY 12203
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500 Washington Avenue, Albany, NY 12203
500 Washington Avenue, Albany, NY 12203
500 Washington Avenue, Albany, NY 12203
500 Washington Avenue, Albany, NY 12203
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Listed by Peter Melito • Akoma Realty Services LLC
$ 265,000
Est. payment /mo
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Active

500 Washington Avenue Albany, NY 12203

6 Beds

2 Baths

1,920 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $138

Subdivision Pine Hills

MLS Listing ID 202610924

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,435

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Duplex

Source Global MLS

Property Description

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 efficiency 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.

Location

State NY

County Albany

Community Pine Hills

Direction Washington Ave, between North Lake and Quail.

Interior

Interior Features High Speed Internet, Built-in Features

Heating Hot Water, Natural Gas

Exterior

Exterior Feature None

Utilities Available Cable Available

Roof Type Rubber

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Albany

Others

Tax ID 010100 65.62-2-11

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Inglenook Realty, Inc.

Inglenook Realty, Inc.

NYS Licensed Real Estate Brokerage | License ID: 109931319

+1(518) 882-6236

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500 Washington Avenue

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