558 Washington Avenue, Albany, NY 12203 (MLS# 202610506)

$325,000
558 Washington Avenue
Albany, NY 12203
MLS# 202610506
Status: Closed
7 beds
front
  1 / 33  
front 25-web-or-mls-025-DSC03915 26-web-or-mls-026-DSC03905 27-web-or-mls-027-DJI_0686 28-web-or-mls-028-DJI_0688 2-web-or-mls-002-DSC03833 3-web-or-mls-003-DSC03828 4-web-or-mls-004-DSC03804 5-web-or-mls-005-DSC03815 6-web-or-mls-006-DSC03821 7-web-or-mls-007-DSC03809 8-web-or-mls-008-DSC03825 9-web-or-mls-009-DSC03866 10-web-or-mls-010-DSC03871 11-web-or-mls-011-DSC03864 12-web-or-mls-012-DSC03842 13-web-or-mls-013-DSC03845 14-web-or-mls-014-DSC03862 15-web-or-mls-015-DSC03889 16-web-or-mls-016-DSC03890 17-web-or-mls-017-DSC03895 18-web-or-mls-018-DSC03899 19-web-or-mls-019-DSC03903 20-web-or-mls-020-DSC03881 21-web-or-mls-021-DSC03880 22-web-or-mls-022-DSC03872 24-web-or-mls-024-DSC03917 29-web-or-mls-029-DJI_0699 30-web-or-mls-030-DJI_0702 31-web-or-mls-031-DJI_0713 1-900-floor_imperial_en_1 2-902-floor_imperial_en_3 3-901-floor_imperial_en_2

Property Description
Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability. Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property. Can be packaged with 3-unit 238 Ontario St or sold separately.

Details
Maps
Documents
Contract Information
Original List Price: 325000
List Price/SqFt: 126.85
Status: Closed
Property Sub Type: Triplex
Sold Price: $325,000
Current Price: $325,000
Listing Contract Date: 2026-01-10
Location
City/Town (Mail): Albany
Street Number: 558
Street Name: Washington
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.664384
Geo Lon: -73.777226
Property Detail
Rooms Total: 17
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2562
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2562
Lot Size Acres: 0.08
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 7
Bathrooms Full: 3
Year Built: 1904
Status Change Info
Sold Price/SqFt: 126.85
Status Change Date: 2026-04-06
Under Contract Date: 2026-02-02
Sold Date: 2026-03-27
Sold Price: $325,000
Parcel, Tax, HOA
Parcel Number: 010100 65.54-3-5
Tax Annual Amount: 5291.83
Tax Section: 65.54
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 5.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Continue on Washington Ave for about 1.3 miles. 558 Washington Ave will be on your right.
Public Remarks: Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability. Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property. Can be packaged with 3-unit 238 Ontario St or sold separately.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Construction Materials
Shingle Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
Agent to Accompany: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Shingle: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Radiant: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Total Bedrooms: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3rd
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 3
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Shingle Siding
Exterior Features: None
Heating: Natural Gas; Radiant
Possession: At Closing
Roof: Asphalt; Shingle
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Agent to Accompany
Special Listing Conditions: Standard
Water Source: Public
IDX
Listing Courtesy of New Scotland Realty
Listing Agent: Daniel Odabashian
917-650-1387 | dan@newscotlanddevelopment.com

Information deemed reliable but not guaranteed.

Search powered by FBS Products