501 2nd Street Albany, NY 12206
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
Natalie Pinkham
property details
Interior Features
Carpet
Exterior Features
Utility & Building Info
Forced Air
Price History
| date | event | price | source |
|---|---|---|---|
|
07/17/2026
07/17/2026
|
Sold |
$105,000
|
Global MLS NY |
|
05/30/2026
05/30/2026
|
Pending |
$145,000
|
Global MLS NY |
|
04/07/2026
04/07/2026
|
Active |
$145,000
|
Global MLS NY |
Market Trends
Source: Constellation1
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