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  • $255,000

    500 Washington Avenue, Albany, NY 12203

    6beds
    1,920sqft
    Duplex, Multi Family
    Built in 1900
    -- sqft lot
    $255,600 Zestimate®
    $133/sqft
    $1,963 Estimated rent

    Home value

    $255,600

    $243,000 - $268,000

    $1,963/mo

    Zestimate® history
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    $1,715/mo

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    What's special

    New high efficiency boilerUpdated bathroomsDesirable unit layouts
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Melito 518-461-8435,

    Akoma Realty Services LLC,

    Isabell Shields 518-720-6417,

    Akoma Realty Services LLC

    Bought with:

    Connor Dougherty, 10401354866

    Empire Real Estate Firm LLC

    Source: Global MLS,MLS#: 202610924MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Hot Water, Natural Gas
    Cooling
    • None
    Appliances
    • Laundry: Washer Hookup
    Features
    • High Speed Internet, Built-in Features
    • Basement: Full
    Interior area
    • Total structure area: 1,920
    • Total interior livable area: 1,920 sqft
    • Finished area above ground: 1,920
    • Finished area below ground: 0

    Property

    Features
    • Exterior features: None
    • Fencing: Fenced
    Lot
    • Size: 1,742 Square Feet
    Details
    • Parcel number: 010100 65.62211

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Aluminum Siding
    • Roof: Rubber
    Condition
    • Year built: 1900

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: Pine Hills
    HOA
    • Has HOA: No
    Location
    • Region: Albany

    Financial & listing details

    • Price per square foot: $133/sqft
    • Tax assessed value: $125,521
    • Annual tax amount: $3,435
    • Date on market: 1/22/2026
    • Tenant pays: Hot Water, Heat, Internet, Electricity

    Price history

    DateEventPrice
    7/1/2026Sold$255,000-3.8%$133/sqft
    Source: Global MLS #202610924 Report a problem
    4/28/2026Pending sale$265,000$138/sqft
    Source: Global MLS #202610924 Report a problem
    3/15/2026Price change$265,000-3.6%$138/sqft
    Source: Global MLS #202610924 Report a problem
    1/22/2026Listed for sale$275,000+27.9%$143/sqft
    Source: Global MLS #202610924 Report a problem
    7/20/2022Sold$215,000-1.8%$112/sqft
    Source: Global MLS #202215221 Report a problem
    4/22/2022Pending sale$219,000$114/sqft
    Source: Global MLS #202215221 Report a problem
    4/8/2022Listed for sale$219,000+90.4%$114/sqft
    Source: Global MLS #202215221 Report a problem
    2/14/2022Sold$115,000$60/sqft
    Source: Public Record Report a problem
    1/16/2022Pending sale$115,000$60/sqft
    Source: Global MLS #202210621 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $120,500
    2024-- $120,500 +419.8%
    2023-- $23,180
    2022-- $23,180
    2021-- $23,180
    2020-- $23,180
    2019-- $23,180
    2018-- $23,180
    2017$1,241 -32.4%$23,180
    2016$1,835 $23,180 -53.6%
    2015-- $50,000
    2014-- $50,000
    2013-- $50,000
    2012-- $50,000 -48.3%
    2011-- $96,700
    2010-- $96,700
    2009-- $96,700
    2008-- $96,700
    2007-- $96,700 +99.4%
    2006-- $48,500
    2005-- $48,500
    2004-- $48,500
    2003-- $48,500 +27.6%
    2002-- $38,000
    2001-- $38,000
    2000-- $38,000
    Find assessor info on the county website

    Neighborhood: Pine Hills

    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.