558 Washington Avenue Albany, NY ^$ 325,000

558 Washington Avenue

^$ 325,000

Back to search

Recently Listed

558 Washington Avenue

Albany, NY, 12203

^$ 325,000

Bedrooms7 Baths3.0 Sq 2,562

Monthly Estimate*

^$ 2,001

558 Washington Avenue, Albany, NY 12203 - Image 1

558 Washington Avenue, Albany, NY 12203 - Image 2

558 Washington Avenue, Albany, NY 12203 - Image 3

558 Washington Avenue, Albany, NY 12203 - Image 4

558 Washington Avenue, Albany, NY 12203 - Image 5

558 Washington Avenue, Albany, NY 12203 - Image 6

558 Washington Avenue, Albany, NY 12203 - Image 7

558 Washington Avenue, Albany, NY 12203 - Image 8

558 Washington Avenue, Albany, NY 12203 - Image 9

558 Washington Avenue, Albany, NY 12203 - Image 10

558 Washington Avenue, Albany, NY 12203 - Image 11

558 Washington Avenue, Albany, NY 12203 - Image 12

558 Washington Avenue, Albany, NY 12203 - Image 13

558 Washington Avenue, Albany, NY 12203 - Image 14

558 Washington Avenue, Albany, NY 12203 - Image 15

558 Washington Avenue, Albany, NY 12203 - Image 16

558 Washington Avenue, Albany, NY 12203 - Image 17

558 Washington Avenue, Albany, NY 12203 - Image 18

558 Washington Avenue, Albany, NY 12203 - Image 19

558 Washington Avenue, Albany, NY 12203 - Image 20

558 Washington Avenue, Albany, NY 12203 - Image 21

558 Washington Avenue, Albany, NY 12203 - Image 22

558 Washington Avenue, Albany, NY 12203 - Image 23

558 Washington Avenue, Albany, NY 12203 - Image 24

558 Washington Avenue, Albany, NY 12203 - Image 25

558 Washington Avenue, Albany, NY 12203 - Image 26

558 Washington Avenue, Albany, NY 12203 - Image 27

558 Washington Avenue, Albany, NY 12203 - Image 28

558 Washington Avenue, Albany, NY 12203 - Image 29

558 Washington Avenue, Albany, NY 12203 - Image 30

558 Washington Avenue, Albany, NY 12203 - Image 31

558 Washington Avenue, Albany, NY 12203 - Image 32

558 Washington Avenue, Albany, NY 12203 - Image 33

View a Virtual Tour

Multi-Family Home for sale in Albany, NY

for $325,000 with 7 bedrooms and 3 full baths. This 2,562 square foot home was built in 1904 on a lot size of 0.08.

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.

Multi-Family Active

Price

^$ 325,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,291

Style

Traditional

Lot Size

0.08

Year Built

1904

Town/City

Albany

County/Region

Albany

MLS | Web ID

202610506

Features

General

Sewer Public Sewer

Heating Radiant Natural Gas

Possession At Closing

Roof Shingle Asphalt

Garage Spaces 0.0

Architectural Style Traditional

Construction Materials Shingle Siding

Year Built 1904

Property Subtype Triplex

County Albany

New Construction N

Property Type MultiFamily

HOA N

Full Baths 3

Status Active

Directions Continue on Washington Ave for about 1.3 miles. 558 Washington Ave will be on your right.

High School Albany

City Albany

High School District Albany

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 3484.8

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 5291.83

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://youriguide.com/558_washington_ave_albany_ny/

Standard Status Active

Tax Assessed Value 0

Tax Lot 5.000

Interior

Basement Full

Basement (Y/N) N

Heating Y/N Y

Above Grade Finished Area 2562.0

Half Baths 0

Total Bedrooms 7

Below Grade Finished Area 0.0

Below Grade Finished Area Source CRS

Above Grade Finished Area Source CRS

Total Baths 3

Exterior

Exterior Amenities None

Water Source Public

Lot Size Area 0.08

Spa N

Lot Size Acres 0.08

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 558

* Excluded Features

List By

Daniel Odabashian

Listing Agent

New Scotland Realty

Broker

(917) 650-1387

Phone

dan@newscotlanddevelopment.com

Affordability Calculator

$2,442

Per Month

Monthly Principal & Interest: $2,001
Monthly Property Taxes: $441
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Albany, NY

Average List Price ^$462,864

Percent of Sale Price 42%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853463 Elementary School

853351 Middle School

Albany High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/13/2026	$325,000		Listed Price

Map

More homes like this one

homes for you

See all

558 Washington Avenue, Albany, NY, 12203 is a Multi-Family Home for sale at $325,000 with 2,562 sqft and a lot size of 0.08. 558 Washington Avenue has 7 bedrooms, 3.0 baths, and was built in 1904. The property's zip code is 12203 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 1/15/2026.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

558 Washington Avenue

Multi-Family Home for sale in Albany, NY

Affordability Calculator

Map

More homes like this one

Get more info about this home