Closed

$175,000

534 1st Street, Albany, NY 12206

6beds

2,464sqft

Duplex, Multi Family

Built in 1890

-- sqft lot

$175,400 Zestimate^®

$71/sqft

$1,695 Estimated rent

Home value

$175,400

$165,000 - $188,000

$1,695/mo

Zestimate^® history

Owner options

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$1,695/mo

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$1,695/mo

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$1,219/mo

Est. payment

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$1,219/mo

Est. payment

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What's special

Newer hot water heatersEat in kitchensThree bedroomsLarge living spaces

Excellent investment opportunity! This well-maintained building offers three bedrooms, large living spaces and eat in kitchens. The kitchens, bathrooms, and flooring updated approximately four years ago, along with newer hot water heaters installed two years ago. Current rents are below market, offering strong upside potential. 2026 projected HUD Fair Market Rent for zip code 12206 is $2,030 per unit (see HUD rates in documents). Separate utilities and Ideally located within easy walking distance to Bleecker Stadium and close to shopping, dining, and major routes—this property combines convenience with great income potential.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water, Natural Gas

Cooling

None

Appliances

Laundry: None

Features

Built-in Features
Flooring: Laminate
Basement: Unfinished

Interior area

Total structure area: 2,464
Total interior livable area: 2,464 sqft
Finished area above ground: 2,464
Finished area below ground: 0

Property

Parking

Parking features: None

Features

Patio & porch: Rear Porch
Exterior features: None
Fencing: Chain Link
Has view: Yes
View description: None

Lot

Size: 3,049 Square Feet
Features: Level, Cleared

Details

Additional structures: None
Parcel number: 010100 65.46455
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding
Foundation: Stone
Roof: Flat

Condition

Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Smoke Detector(s), Carbon Monoxide Detector(s)

HOA

Has HOA: No

Location

Region: Albany

Financial & listing details

Price per square foot: $71/sqft
Tax assessed value: $128,125
Annual tax amount: $3,499
Date on market: 1/29/2026
Tenant pays: Hot Water, Heat, Electricity

Price history

Date	Event	Price
6/8/2026	Sold	$175,000-2.7%$71/sqft
Source: Global MLS #202611248 Report a problem
2/4/2026	Pending sale	$179,900$73/sqft
Source: Global MLS #202611248 Report a problem
1/29/2026	Listed for sale	$179,900+124.9%$73/sqft
Source: Global MLS #202611248 Report a problem
5/11/2018	Sold	$80,000-3%$32/sqft
Source: Global MLS #201813758 Report a problem
4/20/2018	Pending sale	$82,500$33/sqft
Source: RealtyUSA.com #201813758 Report a problem
4/2/2018	Listed for sale	$82,500$33/sqft
Source: RealtyUSA.com #201813758 Report a problem
3/29/2018	Pending sale	$82,500$33/sqft
Source: RealtyUSA.com #201813758 Report a problem
3/6/2018	Listed for sale	$82,500-55.4%$33/sqft
Source: RealtyUSA.com #201813758 Report a problem
3/6/2013	Sold	$185,000+362.5%$75/sqft
Source: Public Record Report a problem
6/25/2012	Sold	$40,000$16/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$123,000
2024	--	$123,000 +123.6%
2023	--	$55,000
2022	--	$55,000
2021	--	$55,000
2020	--	$55,000
2019	--	$55,000
2018	--	$55,000
2017	$2,221 -11.8%	$55,000
2016	$2,518	$55,000 -19.8%
2015	--	$68,600
2014	--	$68,600
2013	--	$68,600
2012	--	$68,600
2011	--	$68,600
2010	--	$68,600
2009	--	$68,600
2008	--	$68,600
2007	--	$68,600 +24.7%
2006	--	$55,000
2005	--	$55,000
2004	--	$55,000
2003	--	$55,000 -4.2%
2002	--	$57,400
2001	--	$57,400
2000	--	$57,400