Mixed-Use Retail and Apartment
For Sale
$199,999
Pending
497 Washington Avenue, Albany, NY 12206
MULTI_FAMILY - Albany, NY
Property Size1,924 SF
Lot Size0.09 Acres
Days on Market181
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
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, 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: Aug 14
Last Checked: Aug 21 at 12:06AM
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.
This mixed-use property includes a leased 2-bedroom apartment on the second floor, with the lease secured through May 2027. The first-floor commercial space is currently vacant and available for a new owner’s use or tenanting strategy.
The building is located at 497 Washington Avenue in Albany, NY 12206, described as being one block from the UAlbany Downtown Campus. It is also noted as close to Washington Park and directly on the bus line.
With income in place from the second-floor unit and a dedicated commercial space on the first floor, the property provides an owner the ability to begin with existing rent while establishing or reintroducing commercial operations in the ground-floor layout.
The building is located at 497 Washington Avenue in Albany, NY 12206, described as being one block from the UAlbany Downtown Campus. It is also noted as close to Washington Park and directly on the bus line.
With income in place from the second-floor unit and a dedicated commercial space on the first floor, the property provides an owner the ability to begin with existing rent while establishing or reintroducing commercial operations in the ground-floor layout.
Key Highlights
- Mixed‑use property with an occupied 2‑bedroom apartment on the second floor leased through May 2027
- Vacant first‑floor commercial space offers flexibility for retail, office, studio, or service‑based use
- Located one block from UAlbany Downtown Campus and directly on the bus line
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Leased second-floor 2-bedroom apartment through May 2027 with a vacant first-floor commercial space at 497 Washington Avenue.
Where is this duplex 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: Mixed‑use property with an occupied 2‑bedroom apartment on the second floor leased through May 2027; Vacant first‑floor commercial space offers flexibility for retail, office, studio, or service‑based use; Located one block from UAlbany Downtown Campus and directly on the bus line
