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
Pending
$145,000
501 2nd Street, Albany, NY 12206
3beds
1,540sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$94/sqft
$-- HOA
What's special
Enclosed backyardRear enclosed porches
- 91 days |
- 20 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Berkshire Hathaway HomeServices Blake, REALTORS 518-371-8040,
Natalie Pinkham 518-878-1152,
Lindsay Carr 518-813-0870,
Berkshire Hathaway HomeServices Blake, REALTORS
Source: Global MLS,MLS#: 202614547
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Main Level, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Carpet, Laminate
- Windows: Wood Frames
- Basement: Interior Entry
Interior area
- Total structure area: 1,540
- Total interior livable area: 1,540 sqft
- Finished area above ground: 1,540
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Rear Porch, Covered, Enclosed
- Exterior features: None
- Fencing: Back Yard
Lot
- Size: 3,049 Square Feet
- Features: Road Frontage
Details
- Parcel number: 010100 65.47142
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Other
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Alarm
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $89,583
- Annual tax amount: $2,554
- Date on market: 4/7/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,744/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2026 | Pending sale | $145,000$94/sqft |
Source:  Global MLS #202614547 Report a problem | ||
| 4/7/2026 | Listed for sale | $145,000$94/sqft |
Source: Global MLS #202614547 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $86,000 |
| 2024 | -- | $86,000 +45.8% |
| 2023 | -- | $59,000 |
| 2022 | -- | $59,000 |
| 2021 | -- | $59,000 |
| 2020 | -- | $59,000 |
| 2019 | -- | $59,000 |
| 2018 | -- | $59,000 |
| 2017 | $2,241 -4.3% | $59,000 |
| 2016 | $2,341 | $59,000 -7.5% |
| 2015 | -- | $63,800 |
| 2014 | -- | $63,800 |
| 2013 | -- | $63,800 |
| 2012 | -- | $63,800 |
| 2011 | -- | $63,800 |
| 2010 | -- | $63,800 |
| 2009 | -- | $63,800 |
| 2008 | -- | $63,800 |
| 2007 | -- | $63,800 +89.3% |
| 2006 | -- | $33,700 |
| 2005 | -- | $33,700 |
| 2004 | -- | $33,700 |
| 2003 | -- | $33,700 -3.7% |
| 2002 | -- | $35,000 |
| 2001 | -- | $35,000 |
| 2000 | -- | $35,000 |
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: West Hill
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.2 mi
- 3/10NORTH ALBANY ACADEMY MIDDLE SCHOOLGrades: 6-8Distance: 1.6 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Philip J. Schuyler Achievement
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Albany County
- Albany
- 12206
- West Hill
- 501 2nd Street
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