$265,000
Albany, NY 12203
MLS# 202610924
Status: Pending
6 beds
1 / 14
Property Description
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.
Details
Maps
Documents
Contract Information
Original List Price: 275000
List Price/SqFt: 138.02
Status: Pending
Property Sub Type: Duplex
List Price: $265,000
Current Price: $265,000
Listing Contract Date: 2026-01-22
Location
City/Town (Mail): Albany
Street Number: 500
Street Name: Washington
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
Subdivision: Pine Hills
Geo Lat: 42.663038
Geo Lon: -73.774695
Property Detail
Rooms Total: 11
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 1920
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 1920
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1900
Status Change Info
Proposed Closing Date: 2026-05-27
Status Change Date: 2026-04-28
Under Contract Date: 2026-04-27
Parcel, Tax, HOA
Parcel Number: 010100 65.62-2-11
Tax Annual Amount: 3435
Tax Section: 65.62
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 11.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Washington Ave, between North Lake and Quail.
Public Remarks: 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.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Fencing
Fenced: 1
Financial Details
General Taxes: 1598
General Taxes Description: Actual
School Taxes: 1836
School Taxes Description: Actual
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Construction Materials
Aluminum Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Duplex Type
Up And Down: 1
Showing Requirements
24 Hour Notice: 1
Special Listing Conditions
SeniorCommunity Y/N: No
Utilities
Cable Available: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 3300
Rental Income Description: Estimated
Interior Features
Built-in Features: 1
High Speed Internet: 1
Laundry Features
Washer Hookup: 1
Pool Features
Spa Y/N: No
Levels
Two: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tenant Pays
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1100
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 1 Detail
Rent: 1300
Rent Description Unit 1: Estimated
Occupant Type Unit 1: Vacant
Total Bedrooms: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Monthly Rent MF Unit 2: 2000
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 4
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Unit 2 Detail
Rent: 2000
Rent Description Unit 2: Actual
Total Bedrooms: 4
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Aluminum Siding
Cooling: None
Duplex Type: Up And Down
Exterior Features: None
Fencing: Fenced
Heating: Hot Water; Natural Gas
Interior Features: Built-in Features; High Speed Internet
Laundry Features: Washer Hookup
Levels: Two
Possession: At Closing; Subject To Tenant Rights
Roof: Rubber
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Tenant Pays: Electricity; Heat; Hot Water; Internet
Utilities: Cable Available
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Rent Roll 
Listing Courtesy of Akoma Realty Services LLC
Listing Agent: Peter Melito
518-461-8435 | peter@akomarealtyservices.com
518-461-8435 | peter@akomarealtyservices.com
