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500 Washington Avenue, 
Albany, NY 12203

$265,000


6

Beds


2

Baths


1,920

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Peter Melito

Isabell Shields

Akoma Realty Services LLC.

1 518-461-8436

Last updated:

April 28, 2026, 11:41 PM

MLS#

202610924

Source:

Global MLS

About This Home

500 Washington Avenue

Cash-flowing Pine Hills duplex has strong upside potential. Its location places tenants within close distance of UAlbany, Albany Med, neighborhood restaurants, and public transportation. The property also sits close to Townsend Park and the proposed International District, both identified as areas of importance in Albanys $200 Million revitalization plan This income producing property presents a great opportunity for investors or house-hack buyers seeking steady rental income in one of Albany's most consistent rental markets. Unit 2 is currently rented for $2000 month and Unit 1, currently vacant, has a projected rent of $1300 with room for growth. Investment highlights include a history of strong rental income, desirable unit layouts, separate utilities (including a new high efficiency boiler), and updated bathrooms. Whether you are an investor looking to expand your portfolio with a stable income-producing property, or a buyer interested in living in one unit while the other offsets your mortgage, this duplex offers both day one cash flow and long-term upside potential in a well-established rental location.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1900

Price Summary

265,000

$138 per Sq. Ft.

MLS #:

202610924

Last Updated:

April 28, 2026, 11:41 PM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,920 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

1,920 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

1,742


Finances & Disclosures

Finances

Price:

$265,000

Price per Sq. Ft:

$138 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.