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507 Central Avenue, 
Albany, NY 12206

$325,000

5

Beds

2

Baths

2,100

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Joseph P Cardinale

Howard Hanna Capital Inc

1 518-371-4500

Last updated:

May 14, 2026, 09:41 PM

MLS#

202617063

Source:

Global MLS

About This Home

507 Central Avenue

Completely Remodeled 2 Unit, 1st floor 4 Bedroom 1 Bath, 2nd Floor 3 Bedroom 1 Bath, Estimated CAP RATE over 14%. New heating systems, new windows, new Kitchens and baths. Completely redone!! fantastic investment or owner occupy opportunity!!! This two-family investment property Income-producing duplex for sale in Albany separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.

Home Facts

Multi-Family

2 Baths

5 Bedrooms

Built in 1925

Price Summary

325,000

$154 per Sq. Ft.

MLS #:

202617063

Last Updated:

May 14, 2026, 09:41 PM

Added:

2 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,100 Sq. Ft.

Structure

Structure

Building Area:

2,100 Sq. Ft.

Year Built:

1925

Lot

Lot Size (Sq. Ft):

1,742

Finances & Disclosures

Finances

Price:

$325,000

Price per Sq. Ft:

$154 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.