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587 Washington Avenue Albany, NY $ 315,000
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$ 315,000 Get more info
587 Washington Avenue
$ 315,000
Back to search
Share Save

587 Washington Avenue

Albany, NY, 12206
$ 315,000
Bedrooms6 Baths2.0 Sq 2,438

Monthly Estimate*

$ 2,176

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Multi-Family Home for sale in Albany, NY

for $315,000 with 6 bedrooms and 2 full baths. This 2,438 square foot home was built in 1920 on a lot size of 0.08.

Sunlight and beautiful hardwood floors highlight this ideally located, recently updated Albany duplex! Each spacious unit offers 3 bedrooms and 1 full bath, with separate tenant-paid utilities. Unit 1 is leased at $1,600 per month, providing immediate rental income, while beautifully updated Unit 2 is vacant and ready for an owner-occupant or new tenant, with estimated rental potential of $1,700 per month. Together, the units offer projected annual gross rental income of $39,600. A brand-new sewer line extending to the city connection represents a significant investment already made by the seller. Public water and sewer, off-street parking, and convenient access to downtown Albany, colleges, hospitals, shopping, dining, and major commuter routes add to the appeal. An excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income!

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Multi-Family Active

Price

$ 315,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,590

Style

Traditional

Lot Size

0.08

Year Built

1920

Town/City

Albany

County/Region

Albany

MLS | Web ID

202619937
Features
General
Sewer Public Sewer
Heating Baseboard Hot Water Natural Gas
Cooling None
Utilities Cable Connected
Roof Rubber
Garage Spaces 0.0
Patio/Porch Features Rear Porch Covered Enclosed Front Porch
Architectural Style Traditional
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Construction Materials Aluminum Siding Vinyl Siding
Year Built 1920
Electric 100 Amp Service
Tenant Pays Hot Water Heat Internet Cable TV Electricity Gas
Property Subtype Duplex
County Albany
Insurance Expense 1300.0
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
MaintenanceExpense 500.0
Other Structures Shed(s)
Full Baths 2
Status Active
Directions Washington Ave between Partridge & Ontario
High School Albany
City Albany
High School District Albany
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 3484.8
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5590.54
Electric Expense 960.0
Home Warranty Y/N N
Water Sewer Expense 400.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Concessions Yes
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://app.doaudiotours.com/unbranded?id=33224&lang=en-US
Standard Status Active
Tax Assessed Value 0
Tax Lot 49.000
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Interior
Basement Full Unfinished
Flooring Ceramic Tile Hardwood
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Above Grade Finished Area 2438.0
Half Baths 0
Laundry Features Laundry Room Main Level
Total Bedrooms 6
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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Exterior
Exterior Amenities None
Fencing Chain Link
Parking Features Off Street Paved Driveway
Lot Features Level
Water Source Public
Total Parking 1.0
Lot Size Area 0.08
Foundation Details Brick/Mortar
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
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Internal Only
Street Number 1 587
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* Excluded Features
List By
Lisa Patentreger

Listing Agent

Howard Hanna Capital Inc

Broker

(518) 852-8616

Phone

lisapatentreger@howardhanna.com

Email

Affordability Calculator

$2,641
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,176
Monthly Property Taxes
$466
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
853463 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/18/2026$275,000 Listed Price

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587 Washington Avenue, Albany, NY, 12206 is a Multi-Family Home for sale at $315,000 with 2,438 sqft and a lot size of 0.08. 587 Washington Avenue has 6 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 12206 which is in Albany, NY

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