INVESTOR ALERT! FULLY RENTED 2-FAMILY - INCOME FROM DAY ONE! An excellent opportunity to add a fully occupied, income-producing property to your investment portfolio! This spacious Albany duplex offers two 4-bedroom, 1-bath units, providing a total of 8 bedrooms and strong rental potential. The first-floor unit features updated flooring and fresh paint. Additional improvements include new siding on one side, concrete paving around the property, an upgraded sump pump system with an additional backyard pump, and a basement laundry area. Conveniently located on Washington Avenue near universities, shopping, restaurants, and major transportation routes. Both units are rented, offering immediate rental income without the initial vacancy period. Whether you're expanding your portfolio or purchasing your first investment property, this is an opportunity worth exploring.
Active
Price cut: $15.1K (10/15)
$349,900
556 Washington Avenue, Albany, NY 12203
8beds
2,112sqft
Duplex, Multi Family
Built in 1904
-- sqft lot
$355,700 Zestimate®
$166/sqft
$-- HOA
What's special
Renovated first-floor unitNew sump pump systemFresh paintBasement laundry areaNew flooring
- 27 days
- 719
- 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: $166/sqft
- Tax assessed value: $291,667
- Annual tax amount: $3,743
- Date on market: 9/18/2026
- Tenant pays: Heat, Electricity
Estimated market value
$355,700
$338,000 - $373,000
$1,827/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Price change | $349,900-4.1%$166/sqft |
Source:  Global MLS #202626450 Report a problem | ||
| 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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