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.
Pending
$199,999
497 Washington Avenue, Albany, NY 12206
2beds
1,924sqft
Duplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$104/sqft
$-- HOA
What's special
- 200 days
- 12
- 1
Zillow last checked:
Listing updated:
Listed by:
HS Capital Realty LLC 518-729-8278,
Elizabeth Koprucki 518-795-7016
Source: Global MLS,MLS#: 202612292
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
Video & virtual tour
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: $170,833
- Annual tax amount: $4,791
- Date on market: 2/21/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,386/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Pending sale | $199,999$104/sqft |
Source: | ||
| 6/1/2026 | Price change | $199,999-11.1%$104/sqft |
Source: | ||
| 4/17/2026 | Price change | $224,900-10%$117/sqft |
Source: | ||
| 2/21/2026 | Listed for sale | $250,000+66.7%$130/sqft |
Source: | ||
| 11/24/2014 | Sold | $150,000$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Climate risks
Neighborhood: Central Avenue
Nearby schools
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.






