500 Washington Avenue

Albany NY 12203

1920 sq. ft.

1742.4 sq. ft.

Duplex

Last sold for $255,000

Peter Melito, last sold this property on 01 July 2026 after 159 days on market.

Overview

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.

Features

6 bedrooms

2 bathrooms

1920 sq. ft. floor area

1742.4 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Albany over the last 12 months, the estimated median property value of 500 Washington Avenue is $275k.

Median value

$275k

Estimated value range

$185k - $490k

Median days on market

Estimated value trend

-14%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Albany. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 500 Washington Avenue

2026

Sold

$255,000

01 Jul 2026 by Peter Melito, of Akoma Realty Services LLC

2022

Sold

$215,000

20 Jul 2022 by Daniel Reilly

2022

Sold

$110,000

09 Feb 2022 by Daniel Reilly

Happy sellers in Albany

We have insufficient information to provide an overview of customer satisfaction for Albany. Viewing the agent profiles, reviews and sales for Albany can provide insights for this location.