Completely Remodeled 2 Unit, 1st floor 4 Bedroom 1 Bath, 2nd Floor 3 Bedroom 1 Bath, Estimated CAP RATE over 14%. New heating systems, new windows, new Kitchens and baths. Completely redone!! fantastic investment or owner occupy opportunity!!! This two-family investment property Income-producing duplex for sale in Albany separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.
Active
$325,000
507 Central Avenue, Albany, NY 12206
5beds
2,100sqft
Duplex, Multi Family
Built in 1925
-- sqft lot
$322,700 Zestimate®
$155/sqft
$-- HOA
What's special
Baseboard heatNew heating systemsFull kitchensNew kitchens and bathsBasement storageCompletely remodeledFormal dining rooms
- 15 days |
- 650 |
- 39 |
Zillow last checked:
Listing updated:
Listed by:
Howard Hanna Capital Inc 518-371-4500,
Joseph P Cardinale 518-755-2064
Source: Global MLS,MLS#: 202617063
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Features
- Basement: Full
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
- Finished area above ground: 2,100
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Exterior features: None
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 010100 65.37213
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Other
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $121,875
- Annual tax amount: $3,674
- Date on market: 7/3/2026
Estimated market value
$322,700
$307,000 - $339,000
$1,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Listed for sale | $325,000$155/sqft |
Source: NY State MLS #11738668 Report a problem | ||
| 5/19/2026 | Pending sale | $325,000$155/sqft |
Source:  Global MLS #202617063 Report a problem | ||
| 5/19/2026 | Contingent | $325,000$155/sqft |
Source: NY State MLS #11738668 Report a problem | ||
| 5/13/2026 | Listed for sale | $325,000+225%$155/sqft |
Source: Global MLS #202617063 Report a problem | ||
| 10/31/2025 | Sold | $100,000-1%$48/sqft |
Source:  NYSAMLSs #S1640272 Report a problem | ||
| 7/25/2025 | Sold | $101,000+1.1%$48/sqft |
Source: Public Record Report a problem | ||
| 10/17/2011 | Listing removed | $99,900$48/sqft |
Source: Listhub #201114841 Report a problem | ||
| 5/1/2011 | Listed for sale | $99,900+149.8%$48/sqft |
Source: Listhub #201114841 Report a problem | ||
| 9/19/2002 | Sold | $40,000$19/sqft |
Source: Global MLS #2216893 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $117,000 |
| 2024 | -- | $117,000 +41% |
| 2023 | -- | $83,000 |
| 2022 | -- | $83,000 |
| 2021 | -- | $83,000 |
| 2020 | -- | $83,000 |
| 2019 | -- | $83,000 |
| 2018 | -- | $83,000 |
| 2017 | $4,161 +8.3% | $83,000 |
| 2016 | $3,842 | $83,000 +3.2% |
| 2015 | -- | $80,400 |
| 2014 | -- | $80,400 |
| 2013 | -- | $80,400 |
| 2012 | -- | $80,400 |
| 2011 | -- | $80,400 |
| 2010 | -- | $80,400 |
| 2009 | -- | $80,400 |
| 2008 | -- | $80,400 |
| 2007 | -- | $80,400 +5.4% |
| 2006 | -- | $76,300 |
| 2005 | -- | $76,300 |
| 2004 | -- | $76,300 |
| 2003 | -- | $76,300 +4.1% |
| 2002 | -- | $73,300 |
| 2001 | -- | $73,300 |
| 2000 | -- | $73,300 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West Hill
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.2 mi
- 2/10NORTH ALBANY ACADEMY MIDDLE SCHOOLGrades: 6-8Distance: 1.9 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.3 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.
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