$145,000
Albany, NY 12206
MLS# 202614547
Status: Pending
3 beds
1 / 16
Property Description
Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028. Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher
Details
Maps
Contract Information
Original List Price: 145000
List Price/SqFt: 94.16
Status: Pending
Property Sub Type: Duplex
List Price: $145,000
Current Price: $145,000
Listing Contract Date: 2026-04-07
Location
City/Town (Mail): Albany
Street Number: 501
Street Name: 2nd
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.668907
Geo Lon: -73.771
Property Detail
Rooms Total: 9
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 1540
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 1540
Lot Size Dimensions: 25X127.3
Lot Size Acres: 0.07
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 3
Bathrooms Full: 2
Year Built: 1900
Status Change Info
Proposed Closing Date: 2026-06-19
Status Change Date: 2026-05-30
Under Contract Date: 2026-05-29
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 65.47-1-42
Tax Annual Amount: 2554.91
Tax Section: 65.47
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 42.000
School District: Albany
Elementary School: Philip J. Schuyler Achievement
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: I-90 E to Everett Rd Ext. Exit 5 from I-90 E. Turn right onto Everett Rd Ext. Turn left onto Watervliet Ave Ext. Continue onto Commerce Ave. Turn right onto N Manning Blvd. Turn left to stay on N Manning Blvd. Continue onto Livingston Ave. Turn right onto Quail St. Turn right at the 2nd cross street onto 2nd St.
#501 is on the right
Public Remarks: Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028.
Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
100 Amp Service: 1
Fencing
Back Yard: 1
Financial Details
General Taxes: 1244.03
General Taxes Description: Estimated
School Taxes: 1310.88
School Taxes Description: Estimated
Attic Features
Hatch: 1
Cooling
Central Air: 1
Basement
Interior Entry: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Lot Features
Road Frontage: 1
Construction Materials
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Duplex Type
Up And Down: 1
Flooring
Carpet: 1
Laminate: 1
Showing Requirements
24 Hour Notice: 1
Key: 1
Lockbox: 1
Occupied: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Foundation Details
Brick/Mortar: 1
Heating
Forced Air: 1
Natural Gas: 1
Income And Expenses
Rental Income: 1650
Rental Income Description: Actual
Interior Features
Paddle Fan: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Main Level: 1
Washer Hookup: 1
Parking Features
Off Street: 1
Patio And Porch Features
Covered: 1
Enclosed: 1
Rear Porch: 1
Levels
Two: 1
Security Features
Fire Alarm: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Meter: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Window Features
Wood Frames: 1
Unit Information
Number Of Dryers: 2
Number Of Refrigerators: 2
Number Of Stoves: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: FL 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 850
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Stove: 1
Washer Hookup: 1
Unit 1 Detail
Rent: 850
Lease Term Unit 1: Month To Month
Total Rooms Unit 1: 4
Total Bedrooms: 1
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 1 Dining Room Type
Formal Dining Room: 1
Unit 1 Appliances
Dryer: 1
Range: 1
Washer: 1
Refrigerator: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd FL
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 850
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Electricity: 1
Unit 2 Detail
Rent: 850
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Full Baths 2nd Floor: 2
Dining Rooms 2nd Floor: 2
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 2 Includes
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Stove: 1
Unit 2 Dining Room Type
Dining Area: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Traditional
Attic Features: Hatch
Basement: Interior Entry
Construction Materials: Other
Cooling: Central Air
Duplex Type: Up And Down
Electric: 100 Amp Service
Exterior Features: None
Fencing: Back Yard
Flooring: Carpet; Laminate
Foundation Details: Brick/Mortar
Heating: Forced Air; Natural Gas
Interior Features: Paddle Fan
Laundry Features: Common Area; Electric Dryer Hookup; Main Level; Washer Hookup
Levels: Two
Lot Features: Road Frontage
Parking Features: Off Street
Patio And Porch Features: Covered; Enclosed; Rear Porch
Possession: At Closing; Subject To Tenant Rights
Security Features: Fire Alarm
Separate Utilities: Electric; Gas; Heat; Water Meter
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Key; Lockbox; Occupied
Special Listing Conditions: Standard
Window Features: Wood Frames
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Dryer Hookup; Kitchen; Living Room; Refrigerator; Storage; Stove; Washer Hookup
Unit 1 Dining Room Type: Formal Dining Room
Unit 1 Appliances: Dryer; Range; Washer; Refrigerator
Unit 2 Owner Furnish Features: Electricity
Unit 2 Includes: Dining Room; Kitchen; Living Room; Refrigerator; Storage; Stove
Unit 2 Dining Room Type: Dining Area
Unit 2 Appliances: Range; Refrigerator
Listing Courtesy of Berkshire Hathaway HomeServices Blake, REALTORS
Listing Agent: Natalie Pinkham
518-878-1152 | realtornataliepinkham@gmail.com
518-878-1152 | realtornataliepinkham@gmail.com