500 Washington Ave Albany, NY 12203
Pine Hills NeighborhoodEstimated payment $1,723/month
Highlights
- Traditional Architecture
- No HOA
- Bathroom on Main Level
- Albany High School Rated A-
- Built-In Features
- Hot Water Heating System
About This Home
Cash-flowing Pine Hills duplex has strong upside potential. Its location places tenants within close distance of UAlbany, Albany Med, neighborhood restaurants, and public transportation. The property also sits close to Townsend Park and the proposed International District, both identified as areas of importance in Albanys $200 Million revitalization plan This income producing property presents a great opportunity for investors or house-hack buyers seeking steady rental income in one of Albany's most consistent rental markets. Unit 2 is currently rented for $2000 month and Unit 1, currently vacant, has a projected rent of $1300 with room for growth. Investment highlights include a history of strong rental income, desirable unit layouts, separate utilities (including a new high efficiency boiler), and updated bathrooms. Whether you are an investor looking to expand your portfolio with a stable income-producing property, or a buyer interested in living in one unit while the other offsets your mortgage, this duplex offers both day one cash flow and long-term upside potential in a well-established rental location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,435
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Fenced
Home Design
- Duplex
- Traditional Architecture
- Rubber Roof
- Aluminum Siding
Interior Spaces
- 1,920 Sq Ft Home
- 2-Story Property
- Built-In Features
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
Schools
- Albany High School
Utilities
- No Cooling
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 11.000 / 2
- Assessor Parcel Number 010100 65.62-2-11
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,446 | $120,500 | $40,200 | $80,300 |
| 2024 | $5,446 | $120,500 | $40,200 | $80,300 |
| 2023 | $1,094 | $23,180 | $15,000 | $8,180 |
| 2022 | $1,073 | $23,180 | $15,000 | $8,180 |
| 2021 | $1,071 | $23,180 | $15,000 | $8,180 |
| 2020 | $879 | $23,180 | $15,000 | $8,180 |
| 2019 | $913 | $23,180 | $15,000 | $8,180 |
| 2018 | $882 | $23,180 | $15,000 | $8,180 |
| 2017 | $336 | $23,180 | $15,000 | $8,180 |
| 2016 | $855 | $23,180 | $15,000 | $8,180 |
| 2015 | $1,835 | $50,000 | $19,300 | $30,700 |
| 2014 | -- | $50,000 | $19,300 | $30,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/27/2026 04/27/26 | Pending | -- | -- | -- | |
| 03/15/2026 03/15/26 | Price Changed | $265,000 | -3.6% | $138 / Sq Ft | |
| 01/22/2026 01/22/26 | For Sale | $275,000 | +27.9% | $143 / Sq Ft | |
| 07/20/2022 07/20/22 | Sold | $215,000 | -1.8% | $112 / Sq Ft | View Prior Sale |
| 04/22/2022 04/22/22 | Pending | -- | -- | -- | |
| 04/08/2022 04/08/22 | For Sale | $219,000 | +99.1% | $114 / Sq Ft | |
| 02/09/2022 02/09/22 | Sold | $110,000 | +19900.0% | $57 / Sq Ft | View Prior Sale |
| 01/15/2022 01/15/22 | Pending | -- | -- | -- | |
| 12/11/2021 12/11/21 | Rented | $550 | 0.0% | -- | |
| 11/11/2021 11/11/21 | Under Contract | -- | -- | -- | |
| 10/24/2000 10/24/00 | For Rent | $550 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $226,000 | None Listed On Document | |
| Warranty Deed | $115,000 | Bennett Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $221,660 | FHA | |
| Previous Owner | $97,750 | Commercial |
Source: Global MLS
MLS Number: 202610924
APN: 010100-065-062-0002-011-000-0000
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