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501 2nd Street Albany, NY $ 145,000
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501 2nd Street
$ 145,000
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501 2nd Street

Albany, NY, 12206
$ 145,000
Bedrooms3 Baths2.0 Sq 1,540

Monthly Estimate*

$ 893

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Multi-Family Home for sale in Albany, NY

for $145,000 with 3 bedrooms and 2 full baths. This 1,540 square foot home was built in 1900 on a lot size of 0.07.

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

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Multi-Family Active

Price

$ 145,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,554

Style

Traditional

Lot Size

0.07

Year Built

1900

Town/City

Albany

County/Region

Albany

MLS | Web ID

202614547
Features
Interior
Interior Amenities Paddle Fan
Basement Interior Entry
Flooring Carpet Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Wood Frames
Above Grade Finished Area 1540.0
Half Baths 0
Laundry Features Common Area Electric Dryer Hookup Main Level Washer Hookup
Total Bedrooms 3
Below Grade Finished Area 0.0
Below Grade Finished Area Source CRS
Above Grade Finished Area Source CRS
Total Baths 2
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Subject To Tenant Rights At Closing
Garage Spaces 0.0
Patio/Porch Features Rear Porch Covered Enclosed
Architectural Style Traditional
Security Features Fire Alarm
Construction Materials Other
Year Built 1900
Electric 100 Amp Service
Property Subtype Duplex
County Albany
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
Full Baths 2
Status Active
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 Man
High School Albany
City Albany
High School District Albany
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 3049.2
Carport Y/N N
Elementary School Philip J. Schuyler Achievement
Land Lease Y/N N
Tax Annual Amount 2554.91
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://app.doaudiotours.com/unbranded?id=19369&lang=en-US
Standard Status Active
Tax Assessed Value 0
Tax Lot 42.000
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Exterior
Exterior Amenities None
Fencing Back Yard
Parking Features Off Street
Lot Features Road Frontage
Water Source Public
Lot Size Area 0.07
Foundation Details Brick/Mortar
Spa N
Lot Dimensions 25X127.3
Lot Size Acres 0.07
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Natalie Pinkham

Listing Agent

Berkshire Hathaway Homeservices Blake, Realtors

Broker

(518) 878-1152

Phone

realtornataliepinkham@gmail.com

Email

Affordability Calculator

$1,106
Per Month
81%
19%
0%
Monthly Principal & Interest
$893
Monthly Property Taxes
$213
Monthly 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.
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Nearby
3365089 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/7/2026$145,000 Listed Price

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501 2nd Street, Albany, NY, 12206 is a Multi-Family Home for sale at $145,000 with 1,540 sqft and a lot size of 0.07. 501 2nd Street has 3 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 12206 which is in Albany, NY

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