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  • Price cut: $24.9K (6/1)
    $199,999

    497 Washington Avenue, Albany, NY 12206

    2beds
    1,924sqft
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    Duplex, Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $104/sqft
    $-- HOA

    What's special

    Don't miss one of the best-priced commercial opportunities in Pine Hills! This mixed-use property offers immediate income with future upside in a highly visible location for your next business, just one block from the UAlbany Downtown Campus. The second floor features a leased 2-bedroom apartment secured through May 2027, providing stable income from the start. The vacant first-floor commercial space offers incredible flexibility. It is currently vacant and ready for your vision -- ideal for retail, office, studio, or service-based business. Close to Washington Park, the SUNY Albany downtown campus, and directly on the bus line, this property benefits from strong tenant demand, visibility, and convenience. This is a rare opportunity to secure a well-located mixed-use property in one of Albany's most active rental corridors with built-in income and future growth potential.
    149 days
    |
    524
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    HS Capital Realty LLC 518-729-8278,

    Elizabeth Koprucki 518-795-7016

    Source: Global MLS,MLS#: 202612292MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Natural Gas
      Cooling
      • None
      Features
      • Basement: Unfinished
      Interior area
      • Total structure area: 1,924
      • Total interior livable area: 1,924 sqft
      • Finished area above ground: 1,924
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      Features
      • Exterior features: None
      Lot
      • Size: 3,920 Square Feet
      Details
      • Parcel number: 010100 65.54463
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Aluminum Siding, Brick
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Albany

      Financial & listing details

      • Price per square foot: $104/sqft
      • Tax assessed value: $125,000
      • Annual tax amount: $4,791
      • Date on market: 2/21/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,382/mo

        Price history

        DateEventPrice
        6/1/2026Price change$199,999-11.1%$104/sqft
        Source: Global MLS #202612292 Report a problem
        4/17/2026Price change$224,900-10%$117/sqft
        Source: Global MLS #202612292 Report a problem
        2/21/2026Listed for sale$250,000+13.7%$130/sqft
        Source: Global MLS #202612292 Report a problem
        5/31/2025Listing removed$219,900$114/sqft
        Source: Global MLS #202430930 Report a problem
        3/30/2025Price change$219,900-4.3%$114/sqft
        Source: Global MLS #202430930 Report a problem
        3/17/2025Listed for sale$229,900$119/sqft
        Source: Global MLS #202430930 Report a problem
        3/4/2025Pending sale$229,900$119/sqft
        Source: Global MLS #202430930 Report a problem
        1/28/2025Listed for sale$229,900$119/sqft
        Source: Global MLS #202430930 Report a problem
        1/23/2025Pending sale$229,900$119/sqft
        Source: Global MLS #202430930 Report a problem
        12/30/2024Listed for sale$229,900-8%$119/sqft
        Source: Global MLS #202430930 Report a problem
        12/20/2024Listing removed$250,000$130/sqft
        Source: Global MLS #202420376 Report a problem
        7/10/2024Listed for sale$250,000$130/sqft
        Source: Global MLS #202420376 Report a problem
        7/7/2024Pending sale$250,000$130/sqft
        Source: Global MLS #202420376 Report a problem
        7/1/2024Listed for sale$250,000+67.8%$130/sqft
        Source: Global MLS #202420376 Report a problem
        1/20/2021Listing removed--
        Source: Global MLS Report a problem
        8/7/2020Pending sale$149,000$77/sqft
        Source: Madison Park Real Estate #202014035 Report a problem
        3/3/2020Listed for sale$149,000+6.5%$77/sqft
        Source: Madison Park Real Estate #202014035 Report a problem
        3/21/2019Listing removed$139,900$73/sqft
        Source: Owner Report a problem
        12/21/2018Pending sale$139,900$73/sqft
        Source: Owner Report a problem
        11/27/2018Listed for sale$139,900$73/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2018$4,074 $125,000
        2017$4,074 $125,000
        2016-- $125,000 +41.2%
        2015-- $88,500
        2014-- $88,500
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Central Avenue

        Getting around

        92 / 100
        Walker's Paradise
        59 / 100
        Good Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Albany

        Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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