Sunlight and beautiful hardwood floors highlight this ideally located, recently updated Albany duplex! Each spacious unit offers 3 bedrooms and 1 full bath, with separate tenant-paid utilities. Unit 1 is leased at $1,600 per month, providing immediate rental income, while beautifully updated Unit 2 is vacant and ready for an owner-occupant or new tenant, with estimated rental potential of $1,700 per month. Together, the units offer projected annual gross rental income of $39,600. A brand-new sewer line extending to the city connection represents a significant investment already made by the seller. Public water and sewer, off-street parking, and convenient access to downtown Albany, colleges, hospitals, shopping, dining, and major commuter routes add to the appeal. An excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income!
Active
$315,000
587 Washington Avenue, Albany, NY 12206
6beds
2,438sqft
Duplex, Multi Family
Built in 1920
-- sqft lot
$309,200 Zestimate®
$129/sqft
$-- HOA
What's special
Off-street parking
- 25 days
- 638
- 60
Zillow last checked:
Listing updated:
Listed by:
Howard Hanna Capital Inc 518-371-4500,
Lisa Patentreger 518-852-8616
Source: Global MLS,MLS#: 202619937
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Natural Gas
Cooling
- None
Appliances
- Laundry: Laundry Room, Main Level
Features
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,438
- Total interior livable area: 2,438 sqft
- Finished area above ground: 2,438
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Paved, Driveway
- Has uncovered spaces: Yes
Features
- Patio & porch: Rear Porch, Covered, Enclosed, Front Porch
- Exterior features: None
- Fencing: Chain Link
Lot
- Size: 3,484 Square Feet
- Features: Level
Details
- Additional structures: Shed(s)
- Parcel number: 010100 65.53149
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
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: $129/sqft
- Tax assessed value: $258,333
- Annual tax amount: $5,590
- Date on market: 10/21/2026
- Tenant pays: Hot Water, Heat, Internet, Cable TV, Electricity, Gas
Estimated market value
$309,200
$294,000 - $325,000
$1,544/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $315,000+14.5%$129/sqft |
Source:  Global MLS #202619937 Report a problem | ||
| 7/1/2026 | Listing removed | $275,000$113/sqft |
Source: Global MLS #202619937 Report a problem | ||
| 6/18/2026 | Listed for sale | $275,000+57.2%$113/sqft |
Source: Global MLS #202619937 Report a problem | ||
| 6/5/2018 | Listing removed | $174,900$72/sqft |
Source: Coldwell Banker Prime Prop. #201815444 Report a problem | ||
| 6/5/2018 | Listed for sale | $174,900$72/sqft |
Source: Coldwell Banker Prime Prop. #201815444 Report a problem | ||
| 5/31/2018 | Pending sale | $174,900+6%$72/sqft |
Source: Coldwell Banker Prime Properties #201815444 Report a problem | ||
| 5/29/2018 | Sold | $165,000-5.7%$68/sqft |
Source: Global MLS #201815444 Report a problem | ||
| 5/2/2018 | Listed for sale | $174,900$72/sqft |
Source: Coldwell Banker Prime Properties #201815444 Report a problem | ||
| 4/17/2018 | Pending sale | $174,900$72/sqft |
Source: Coldwell Banker Prime Properties #201815444 Report a problem | ||
| 4/2/2018 | Listed for sale | $174,900+124.5%$72/sqft |
Source: Coldwell Banker Prime Prop. #201815444 Report a problem | ||
| 7/16/1997 | Sold | $77,900$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $248,000 |
| 2024 | -- | $248,000 +74.6% |
| 2023 | -- | $142,000 |
| 2022 | -- | $142,000 |
| 2021 | -- | $142,000 |
| 2020 | -- | $142,000 |
| 2019 | -- | $142,000 |
| 2018 | -- | $142,000 |
| 2017 | $5,082 +4.9% | $142,000 |
| 2016 | $4,844 | $142,000 +7.6% |
| 2015 | -- | $132,000 |
| 2014 | -- | $132,000 |
| 2013 | -- | $132,000 |
| 2012 | -- | $132,000 |
| 2011 | -- | $132,000 |
| 2010 | -- | $132,000 |
| 2009 | -- | $132,000 |
| 2008 | -- | $132,000 |
| 2007 | -- | $132,000 +76% |
| 2006 | -- | $75,000 |
| 2005 | -- | $75,000 |
| 2004 | -- | $75,000 |
| 2003 | -- | $75,000 -3.7% |
| 2002 | -- | $77,900 |
| 2001 | -- | $77,900 |
| 2000 | -- | $77,900 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12206
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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