500 Washington Avenue, Albany, NY 12203

• 6 beds |
• 2 baths |
• 1,920 sqft

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

Interior

• General: High Speed InternetBuilt-in Features
• Laundry: Washer Hookup
• Basement: Full
• A/C: None
• Heating: Hot Water

Exterior

• General: None
• Style: Traditional

Construction

• Roofing: Rubber
• General: Aluminum Siding

Location

• Originating MLS: Global MLS
• School District: Albany
• County: Albany

Lot

• Zoning: 010100 65.62-2-11
• Fencing: Fenced

Utilities

• Utilities: Cable Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS