507 Central Avenue Albany, NY ^$ 325,000

507 Central Avenue

^$ 325,000

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Recently Listed

507 Central Avenue

Albany, NY, 12206

^$ 325,000

Bedrooms5 Baths2.0 Sq 2,100

Monthly Estimate*

^$ 2,001

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Multi-Family Home for sale in Albany, NY

for $325,000 with 5 bedrooms and 2 full baths. This 2,100 square foot home was built in 1925 on a lot size of 0.04.

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.

Multi-Family Active

Price

^$ 325,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,674

Style

Lot Size

0.04

Year Built

1925

Town/City

Albany

County/Region

Albany

MLS | Web ID

202617063

Features

General

Sewer Public Sewer

Heating Baseboard Electric

Possession At Closing

Roof Asphalt

Garage Spaces 0.0

Architectural Style Other

Construction Materials Other

Year Built 1925

Property Subtype Duplex

County Albany

New Construction N

Property Type MultiFamily

HOA N

Full Baths 2

Status Active

Directions Central Av (Rt 5) 1 block east of Manning Blvd.

High School Albany

City Albany

High School District Albany

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 1742.4

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 3674.45

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://handandframe.aryeo.com/sites/eppvkllp/unbranded

Standard Status Active

Tax Assessed Value 0

Tax Lot 13.000

Interior

Basement Full

Basement (Y/N) N

Heating Y/N Y

Above Grade Finished Area 2100.0

Half Baths 0

Total Bedrooms 5

Below Grade Finished Area 0.0

Below Grade Finished Area Source Public Records

Above Grade Finished Area Source Public Records

Total Baths 2

Exterior

Exterior Amenities None

Water Source Public

Lot Size Area 0.04

Spa N

Lot Size Acres 0.04

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 507

* Excluded Features

List By

Joseph Cardinale

Listing Agent

Howard Hanna Capital Inc

Broker

(518) 755-2064

Phone

josephcardinale@howardhanna.com

Affordability Calculator

$2,307

Per Month

Monthly Principal & Interest: $2,001
Monthly Property Taxes: $306
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Multi-family listings in Albany, NY

Average List Price ^$372,713

Percent of Sale Price 15%

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
5/13/2026	$325,000		Listed Price

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507 Central Avenue, Albany, NY, 12206 is a Multi-Family Home for sale at $325,000 with 2,100 sqft and a lot size of 0.04. 507 Central Avenue has 5 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 12206 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 5/13/2026.

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507 Central Avenue

Multi-Family Home for sale in Albany, NY

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