Mixed-Use Property with
For Sale
$199,999
Pending
497 Washington Avenue, Albany, NY 12206
Two-level property pairs a vacant commercial area with a leased two-bedroom apartment.
Property Size1,924 SF
Days on Market44
Property Features for 497 Washington Avenue
General Information
Standard status
Pending
Size
1,924 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,792
Building Details
Year Built
1910
Buildings
1
Tenancy
Single
Listing Agency:
HS Capital Realty LLC
Listed By:
Elizabeth Koprucki · License #10401354982
(518) 795-7016
Source:
Capmarkrealty
Added: Jul 24
Changed: Aug 31
Last Checked: Sep 5 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HS Capital Realty LLC
Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property combines a first-floor commercial area with a second-floor residential unit. The commercial space is vacant, while the apartment has two bedrooms and is leased through May 2027, providing an existing income component alongside future flexibility for the ground floor.
The property is located at 497 Washington Avenue in Albany, one block from the UAlbany Downtown Campus. Washington Park and the SUNY Albany downtown campus are nearby, and the site is directly served by the bus line. The first-floor commercial area is suited to consideration for retail, office, studio, or service-oriented occupancy based on the uses identified for the space.
The property is located at 497 Washington Avenue in Albany, one block from the UAlbany Downtown Campus. Washington Park and the SUNY Albany downtown campus are nearby, and the site is directly served by the bus line. The first-floor commercial area is suited to consideration for retail, office, studio, or service-oriented occupancy based on the uses identified for the space.
Key Highlights
- Second‑floor apartment has 2 bedrooms and a lease extending through May 2027
- Vacant first‑floor commercial area offers flexibility for retail, office, studio, or service‑based use
- Built in 1910
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property pairs a vacant commercial area with a leased two-bedroom apartment.
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: Second‑floor apartment has 2 bedrooms and a lease extending through May 2027; Vacant first‑floor commercial area offers flexibility for retail, office, studio, or service‑based use; Built in 1910
