$325,000
Albany, NY 12206
MLS# 202617063
Status: Pending
7 beds
1 / 58
Property Description
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.
Details
Maps
Documents
Contract Information
Status: Pending
Property Sub Type: Duplex
Original List Price: 325000
List Price: $325,000
Current Price: $325,000
Listing Contract Date: 2026-05-13
List Price/SqFt: 154.76
Location
Street Number: 507
Street Name: Central
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12206
City/Town (Mail): Albany
Geo Lat: 42.66978
Geo Lon: -73.777784
Property Detail
Rooms Total: 11
Bedrooms Total: 7
Bathrooms Full: 2
Year Built: 1925
Above Grade Finished Area: 2100
Above Grade Finished Area Source: Public Records
Below Grade Finished Area Source: Public Records
Living Area: 2100
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Up&Down
Occupant Type MF Unit 1: Vacant
Lease Term MF Unit 1: None
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 4
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 3
Full Baths 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd fl
Occupant Type MF Unit 2: Vacant
Lease Term MF Unit 2: None
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Full Baths 2nd Floor: 1
Status Change Info
Status Change Date: 2026-07-31
Under Contract Date: 2026-07-30
Property Features
Architectural Style: Other
Attic Features: Storage
Basement: Full
Construction Materials: Other
Duplex Type: Up And Down
Exterior Features: None
Heating: Baseboard; Electric
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Showing Service; Sign on Property
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Dining Room Type: Formal Dining Room
Unit 1 Appliances: Range; Refrigerator; Oven
Unit 2 Dining Room Type: Formal Dining Room
Unit 2 Appliances: Range; Refrigerator; Oven
Income and Expense Sheet 
Listing Courtesy of Howard Hanna Capital Inc
Listing Agent: Joseph P Cardinale
518-755-2064 | josephcardinale@howardhanna.com
518-755-2064 | josephcardinale@howardhanna.com
