Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability.
Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property.
Can be packaged with 3-unit 238 Ontario St or sold separately.
Closed
$325,000
558 Washington Avenue, Albany, NY 12203
7beds
2,562sqft
Triplex, Multi Family
Built in 1904
-- sqft lot
$329,400 Zestimate®
$127/sqft
$1,961 Estimated rent
Home value
$329,400
$293,000 - $372,000
$1,961/mo
Zestimate® history
Owner options
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$1,961/mo
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$1,961/mo
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$2,181/mo
Est. payment
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$2,181/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Daniel Odabashian 917-650-1387,
New Scotland Realty,
Samantha M Curry 603-209-1976,
New Scotland Realty
Bought with:
Jacob Tedford, 10401364861
Realty One Group Key
Source: Global MLS,MLS#: 202610506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Radiant, Natural Gas
Features
- Basement: Full
Interior area
- Total structure area: 2,562
- Total interior livable area: 2,562 sqft
- Finished area above ground: 2,562
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 3,484 sqft
Details
- Parcel number: 010100 65.5435
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Shingle Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $325,000$127/sqft |
Source:  Global MLS #202610506 Report a problem | ||
| 2/3/2026 | Pending sale | $325,000$127/sqft |
Source: Global MLS #202610506 Report a problem | ||
| 1/13/2026 | Listed for sale | $325,000+76.2%$127/sqft |
Source: Global MLS #202610506 Report a problem | ||
| 3/17/2014 | Sold | $184,500-7.7%$72/sqft |
Source: Global MLS #201332544 Report a problem | ||
| 12/5/2013 | Listing removed | $199,900$78/sqft |
Source: 518 Realty.com Inc. #201332544 Report a problem | ||
| 11/8/2013 | Listed for sale | $199,900+114.5%$78/sqft |
Source: 518 Realty.com Inc. #201332544 Report a problem | ||
| 2/24/2010 | Sold | $93,200-1.8%$36/sqft |
Source: Public Record Report a problem | ||
| 1/21/2010 | Price change | $94,900-21.9%$37/sqft |
Source: foreclosure.com Report a problem | ||
| 12/3/2009 | Listed for sale | $121,500+10.8%$47/sqft |
Source: foreclosure.com Report a problem | ||
| 8/17/2009 | Sold | $109,636-42.3%$43/sqft |
Source: Public Record Report a problem | ||
| 8/10/2005 | Sold | $190,000$74/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $262,000 |
| 2024 | -- | $262,000 +100% |
| 2023 | -- | $131,000 |
| 2022 | -- | $131,000 |
| 2021 | -- | $131,000 |
| 2020 | -- | $131,000 |
| 2019 | -- | $131,000 |
| 2018 | -- | $131,000 |
| 2017 | $4,706 +0.2% | $131,000 |
| 2016 | $4,698 | $131,000 +6.5% |
| 2015 | -- | $123,000 |
| 2014 | -- | $123,000 |
| 2013 | -- | $123,000 |
| 2012 | -- | $123,000 |
| 2011 | -- | $123,000 |
| 2010 | -- | $123,000 -42.2% |
| 2009 | -- | $212,700 |
| 2008 | -- | $212,700 |
| 2007 | -- | $212,700 +224.2% |
| 2006 | -- | $65,600 |
| 2005 | -- | $65,600 |
| 2004 | -- | $65,600 |
| 2003 | -- | $65,600 +13.1% |
| 2002 | -- | $58,000 |
| 2001 | -- | $58,000 |
| 2000 | -- | $58,000 |
Find assessor info on the county website
Neighborhood: Pine Hills
Nearby schools
GreatSchools rating
- 2/10Roots Academy at West HillGrades: PK-5Distance: 0.3 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.
- New York
- Albany County
- Albany
- 12203
- Pine Hills
- 558 Washington Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albany Topics
