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  • $180,000

    497 Washington Avenue, Albany, NY 12206

    2beds
    1,924sqft
    Duplex, Multi Family
    Built in 1910
    -- sqft lot
    $181,000 Zestimate®
    $94/sqft
    $1,422 Estimated rent

    Home value

    $181,000

    $170,000 - $194,000

    $1,422/mo

    Zestimate® history
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    $1,422/mo

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    $1,422/mo

    Rent Zestimate®

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    $1,290/mo

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    $1,290/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Elizabeth Koprucki 518-795-7016,

    HS Capital Realty LLC

    Bought with:

    Melissa Matey, 10301216403

    Miranda Real Estate Group Inc

    Source: Global MLS,MLS#: 202612292MLS Logo

    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: $94/sqft
    • Tax assessed value: $170,833
    • Annual tax amount: $4,791
    • Date on market: 2/21/2026

    Price history

    DateEventPrice
    10/2/2026Sold$180,000-10%$94/sqft
    Source: Global MLS #202612292 Report a problem
    8/14/2026Pending sale$199,999$104/sqft
    Source: Global MLS #202612292 Report a problem
    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+66.7%$130/sqft
    Source: Global MLS #202612292 Report a problem
    11/24/2014Sold$150,000$78/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $164,000
    2024-- $164,000 +31.2%
    2023-- $125,000
    2022-- $125,000
    2021-- $125,000
    2020-- $125,000
    2019-- $125,000
    2018-- $125,000
    Find assessor info on the county website

    Neighborhood: Central Avenue

    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.