Presenting an exceptional two-family residence situated in the desirable Washington Ave in Albany, offering easy access to all city's amenities. This property is an ideal investment opportunity, delivering substantial cash flow, or a perfect choice for an owner-occupant seeking to minimize living expenses.
The 1st-floor unit, intentionally left vacant, has 4 spacious bedrooms and 1 bathroom has been recently painted and refreshed! The 2nd-floor unit, featuring 5 bedrooms and 1 bathroom, is occupied by a reliable long-term tenant who pays $1,700 monthly. This well-maintained property promises impressive returns with estimated annual rental income exceeding $40,000 with both units leased. All separate utilities and low taxes (noted without STAR exemption).
Closed
$285,000
501 Washington Avenue, Albany, NY 12206
9beds
2,396sqft
Duplex, Multi Family
Built in 1907
-- sqft lot
$328,700 Zestimate®
$119/sqft
$1,685 Estimated rent
Home value
$328,700
$306,000 - $355,000
$1,685/mo
Zestimate® history
Owner options
List your home for rent
$1,685/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,685/mo
Rent Zestimate®
Refinance and save
$1,913/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,913/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Stela Koeva 518-694-1027,
Real Broker NY LLC
Bought with:
Faruque Ahmed, 10401339727
Fave Realty Inc
Source: Global MLS,MLS#: 202422287
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water
Cooling
- None
Features
- Flooring: Hardwood
- Basement: Unfinished,Walk-Out Access
Interior area
- Total structure area: 2,396
- Total interior livable area: 2,396 sqft
- Finished area above ground: 2,396
- Finished area below ground: 0
Property
Features
- Patio & porch: Rear Porch
- Exterior features: None
- Fencing: Back Yard
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 65.54461
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
- Foundation: Block
Condition
- Year built: 1907
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $251,042
- Annual tax amount: $5,678
- Date on market: 7/29/2024
- Ownership: Free At Last Properties LLC
- Tenant pays: Cable TV, Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2024 | Sold | $285,000+2.2%$119/sqft |
Source:  Global MLS #202422287 Report a problem | ||
| 8/9/2024 | Pending sale | $279,000$116/sqft |
Source: Global MLS #202422287 Report a problem | ||
| 7/29/2024 | Listed for sale | $279,000+59.5%$116/sqft |
Source: Global MLS #202422287 Report a problem | ||
| 1/2/2010 | Listing removed | $174,900$73/sqft |
Source: RealtyUSA #28119288 Report a problem | ||
| 9/18/2008 | Price change | $174,900-0.1%$73/sqft |
Source: RealtyUSA #28119288 Report a problem | ||
| 8/4/2008 | Listed for sale | $175,000+2.8%$73/sqft |
Source: RealtyUSA #28119288 Report a problem | ||
| 2/23/2007 | Sold | $170,199$71/sqft |
Source: Global MLS #26124107 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $241,000 |
| 2024 | -- | $241,000 +100.8% |
| 2023 | -- | $120,000 |
| 2022 | -- | $120,000 |
| 2021 | -- | $120,000 |
| 2020 | -- | $120,000 |
| 2019 | -- | $120,000 |
| 2018 | -- | $120,000 |
| 2017 | $3,363 +23.7% | $120,000 |
| 2016 | $2,718 | $120,000 +300% |
| 2015 | -- | $30,000 |
| 2014 | -- | $30,000 -79.5% |
| 2013 | -- | $146,000 |
| 2012 | -- | $146,000 -14.1% |
| 2011 | -- | $170,000 |
| 2010 | -- | $170,000 |
| 2009 | -- | $170,000 |
| 2008 | -- | $170,000 -28% |
| 2007 | -- | $236,200 +201.3% |
| 2006 | -- | $78,400 |
| 2005 | -- | $78,400 |
| 2004 | -- | $78,400 |
| 2003 | -- | $78,400 +4% |
| 2002 | -- | $75,400 |
| 2001 | -- | $75,400 |
| 2000 | -- | $75,400 |
Find assessor info on the county website
Neighborhood: Central Avenue
Nearby homes
- $322,6006 bd-- ba2.4k sqft499 Washington Ave, Albany, NY 12206Off Market
- $230,0006 bd2 ba2.5k sqft503 Washington Ave, Albany, NY 12206Sold
- $276,3006 bd2 ba2.5k sqft503 Washington Ave, Albany, NY 12206Off Market
- $310,200-- bd-- ba1.9k sqft497 Washington Ave, Albany, NY 12206Off Market
- $--2 bd1 ba-- sqft497 Washington Ave #2, Albany, NY 12206Off Market
- $73,0006 bd2 ba2.5k sqft503 Washington Ave, Albany, NY 12206Off Market
- $199,9992 bd1 ba1.9k sqft497 Washington Ave, Albany, NY 12206For Sale
- $175,8333 bd1 ba-- sqft495 Washington Ave, Albany, NY 12206Off Market
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.3 mi
- 2/10NORTH ALBANY ACADEMY MIDDLE SCHOOLGrades: 6-8Distance: 1.8 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.5 mi
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.
- New York
- Albany County
- Albany
- 12206
- Central Avenue
- 501 Washington Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albany Topics
