$265,000

500 Washington Avenue, Albany, NY 12203

  • 6 beds |
  • 2 baths |
  • 1,920 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon1,742sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $138/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
January 22, 2026
Data Last Updated:
April 2, 2026 at 5:39AM
Listing Office:
Akoma Realty Services LLC : 518-461-8436
Listing Agent:
Peter Melito : 518-461-8435
MLS ID:
202610924
  • General: High Speed InternetBuilt-in Features
  • Laundry: Washer Hookup
  • Basement: Full
  • A/C: None
  • Heating: Hot Water
  • General: None
  • Style: Traditional
  • Roofing: Rubber
  • General: Aluminum Siding
  • Originating MLS: Global MLS
  • School District: Albany
  • County: Albany
  • Zoning: 010100 65.62-2-11
  • Fencing: Fenced
  • Utilities: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Peter Melito , Akoma Realty Services LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sheridan Preparatory Academy

400 Sheridan Ave, Albany, NY, 12206

Grades PK-5

0.42 miles away

E

Edmund J O'Neal Middle School of Excellence

50 Lark St, Albany, NY, 12210

Grades 6-8

0.89 miles away

A

Albany High School

700 Washington Ave, Albany, NY, 12203

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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