Albany Two-Unit Income
501 2nd Street, Albany, NY 12206
MULTI_FAMILY - Other - Albany, NY
Property size:
1,540 SFLot size:
0.07 AcresPrice / SF:
$94/SF- Added:
- Apr 7, 2026
- Days on Market:
- 43
- Last Refresh:
- May 19 at 11:06 am
Property Features for 501 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Parking features
- Off Street
- Window features
- Wood Frames
- Patio and Porch features
- Porch
- Interior features
- Paddle Fan
- Basement
- Interior Entry
- Standard status
- Active
- APN
- 010100 65.47-1-42
- Size
- 1,540 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2555
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Architectural style
- Other
Listing agent Natalie Pinkham License #10401381130 (518) 878-1152
Listing office Berkshire Hathaway HomeServices Blake, REALTORS 1745 Route 9, Albany, NY (518) 371-8040
Listing date Apr 7, 2026
MLS# 202614547
Listing URL
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.
HighLights
- Income‑generating 2‑unit property with immediate income of $1,650/mo. plus utilities.
- Active residential occupancy permits in place through 2/2028.
- Upstairs apartment offers the possibility of a 3‑bedroom layout, downstairs apartment offers possibility of a 2‑bedroom layout.
- Convenient location near the bus line, Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany.
- Enclosed backyard for pet security and outdoor enjoyment.
- Rear enclosed porches with washer/dryer hookup for additional storage.
Overview
This two-unit property is located in the West Hill neighborhood of Albany. The property offers potential for additional income. The upstairs apartment could be configured as a 3-bedroom layout, while the downstairs apartment could be a 2-bedroom layout. Rear enclosed porches provide additional storage space with washer/dryer hookups. An enclosed backyard is suitable for pets and outdoor enjoyment. The property is currently occupied, generating an income of $1,650 per month plus utilities. Active residential occupancy permits are in place through February 2028. The property is situated near the bus line, with access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany. The area is experiencing revitalization. The lot size is 0.07 acres, and the property size is 1540 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.771
- Latitude
- 42.668907
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile two-unit property in Albany's West Hill neighborhood.
Where is this duplex located?
The property is located at 501 2nd Street Albany, NY.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Income‑generating 2‑unit property with immediate income of $1,650/mo. plus utilities.; Active residential occupancy permits in place through 2/2028.; Upstairs apartment offers the possibility of a 3‑bedroom layout, downstairs apartment offers possibility of a 2‑bedroom layout.
