Mixed-Use Property with 2-Bedroom
For Sale
$199,999
Pending
497 Washington Avenue, Albany, NY 12206
MultiFamily, Albany, NY
Property Size1,924 SF
Lot Size0.09 Acres
Days on Market227
Property Features for 497 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
Parking
1
Basement
Unfinished
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Washington Ave between Quail Street and South Lake Street.
Standard status
Pending
APN
010100 65.54-4-63
Size
1,924 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4792
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Aluminum Siding, Brick
Listing Agency:
HS Capital Realty LLC
(518) 729-8278
Listed By:
Elizabeth Koprucki · License #10401354982
(518) 795-7016
Added: Feb 21
Changed: Sep 20
Last Checked: Oct 6 at 5:06AM
MLS# 202612292
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 497 Washington Avenue in Albany, this 1,924-square-foot mixed-use building combines an occupied second-floor residence with commercial space on the first floor. The apartment has two bedrooms and is leased through May 2027, while the ground-floor area is vacant for a future business use.
Built in 1910, the property sits on 0.09 acres and features aluminum siding and brick construction. Natural gas heat, public water, and public sewer serve the building. The site is one block from the UAlbany Downtown Campus, near Washington Park, and directly on the bus line.
Built in 1910, the property sits on 0.09 acres and features aluminum siding and brick construction. Natural gas heat, public water, and public sewer serve the building. The site is one block from the UAlbany Downtown Campus, near Washington Park, and directly on the bus line.
Key Highlights
- 1,924‑square‑foot mixed‑use building on a 0.09‑acre lot
- Second‑floor 2‑bedroom apartment leased through May 2027
- Vacant first‑floor commercial space
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased residential space occupies the upper level, while the ground floor is available for a commercial use.
Where is this mixed-use property located?
The property is located at 497 Washington Avenue Albany, NY.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,924‑square‑foot mixed‑use building on a 0.09‑acre lot; Second‑floor 2‑bedroom apartment leased through May 2027; Vacant first‑floor commercial space
