501 2nd Street, Albany, NY 12206

• 3 beds |
• 2 baths |
• 1,540 sqft

Property Description

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 situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher

Listing Status:

Active

Date Added:

April 7, 2026

Data Last Updated:

May 20, 2026 at 7:37AM

Listing Office:

Berkshire Hathaway HomeServices Blake, REALTORS : 518-371-8040

Listing Agent:

Natalie Pinkham : 518-878-1152

MLS ID:

202614547

Interior

• General: Paddle Fan
• Laundry: Washer HookupMain LevelCommon AreaElectric Dryer Hookup
• Basement: Interior Entry
• Flooring: CarpetLaminate
• A/C: Central Air
• Heating: Forced Air

Exterior

• General: None
• Style: Traditional
• Parking: Off Street

Construction

• Windows: Wood Frames
• General: OtherBrick/Mortar

Location

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

Lot

• Zoning: 010100 65.47-1-42
• Fencing: Back Yard

Utilities

• Utilities: 100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS