Turnkey income-producing property on Washington Avenue in Albany! This well-maintained multi-unit features two 4-bedroom, 1-bath units, offering 8 bedrooms and 2 bathrooms total. Both units are fully rented, providing income from Day 1.
Recent improvements include renovated first-floor unit with new flooring and fresh paint, concrete pavement surrounding the house, a basement laundry area, and a new sump pump system with an additional pump in the backyard. The left side of the house also features new siding.
A solid opportunity for investors looking to add a fully rented, income-producing multi-family property to their portfolio.
Active
$365,000
556 Washington Avenue, Albany, NY 12203
8beds
2,112sqft
Duplex, Multi Family
Built in 1904
-- sqft lot
$356,000 Zestimate®
$173/sqft
$-- HOA
What's special
Renovated first-floor unitNew sump pump systemFresh paintBasement laundry areaNew flooring
- 23 days
- 614
- 31
Zillow last checked:
Listing updated:
Listed by:
Tailored Real Estate Group 518-400-2550,
Rahul Aggarwal 916-741-7698
Source: Global MLS,MLS#: 202626450
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
- Finished area above ground: 2,112
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Exterior features: Other
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 010100 65.5436
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Roof: Rubber
Condition
- New construction: No
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $291,667
- Annual tax amount: $3,743
- Date on market: 9/18/2026
- Tenant pays: Heat, Electricity
Estimated market value
$356,000
$338,000 - $374,000
$1,715/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $365,000+17.7%$173/sqft |
Source:  Global MLS #202626450 Report a problem | ||
| 5/3/2024 | Sold | $310,000+3.3%$147/sqft |
Source: Global MLS #202413504 Report a problem | ||
| 3/21/2024 | Pending sale | $300,000$142/sqft |
Source: Global MLS #202413504 Report a problem | ||
| 3/14/2024 | Listed for sale | $300,000+759.6%$142/sqft |
Source: Global MLS #202413504 Report a problem | ||
| 1/19/2020 | Listing removed | $2,000$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/13/2019 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/1/2008 | Sold | $34,900-73.3%$17/sqft |
Source: Global MLS #28104660 Report a problem | ||
| 6/10/2005 | Sold | $130,612+213.7%$62/sqft |
Source: Public Record Report a problem | ||
| 5/3/2002 | Sold | $41,640$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $280,000 |
| 2024 | -- | $280,000 +214.6% |
| 2023 | -- | $89,000 |
| 2022 | -- | $89,000 |
| 2021 | -- | $89,000 |
| 2020 | -- | $89,000 |
| 2019 | -- | $89,000 |
| 2018 | -- | $89,000 |
| 2017 | $3,218 +3.2% | $89,000 |
| 2016 | $3,120 | $89,000 +4.7% |
| 2015 | -- | $85,000 |
| 2014 | -- | $85,000 |
| 2013 | -- | $85,000 |
| 2012 | -- | $85,000 |
| 2011 | -- | $85,000 |
| 2010 | -- | $85,000 -26.1% |
| 2009 | -- | $115,000 -22.2% |
| 2008 | -- | $147,900 |
| 2007 | -- | $147,900 +144.1% |
| 2006 | -- | $60,600 |
| 2005 | -- | $60,600 |
| 2004 | -- | $60,600 |
| 2003 | -- | $60,600 -3% |
| 2002 | -- | $62,500 |
| 2001 | -- | $62,500 |
| 2000 | -- | $62,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Pine Hills
Nearby schools
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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