Remodeled Albany Duplex For
507 Central Avenue, Albany, NY 12206
New
Multi-Unit (2-4) - Albany, NY
Property size:
2,100 SFLot size:
0.04 AcresPrice / SF:
$154/SF- Added:
- May 13, 2026
- Days on Market:
- 3
- Last Refresh:
- May 15 at 1:06 am
Property Features for 507 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
- Parking features
- Garage
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 010100 65.37-2-13
- Size
- 2,100 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1925
- Year renovated
- 1925
- Floors in Building
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Joseph Cardinale (518) 755-2064
Listing office HOWARD HANNA CAPITAL INC 1547 RTE 9, CLIFTON PARK, NY (518) 371-4500
Listing date May 13, 2026
MLS# 11738668
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High CAP Rate (estimated over 14%) indicates strong income potential
- Fully Remodeled: New heating systems, windows, kitchens, and baths offer modern living and reduced maintenance
- Two Units: 4‑bedroom and 3‑bedroom configurations provide flexibility for rental income or owner‑occupancy
- Separate Utilities: Electric and gas are separately metered, simplifying tenant billing and management
- Convenient Location: Close proximity to downtown Albany, shopping, restaurants, parks, public transportation, and major highways
- Month‑to‑Month Rentals: Provides flexibility in managing tenants and adjusting rental rates
Overview
This completely remodeled two-unit duplex is located in Albany. The first floor features four bedrooms and one bathroom, while the second floor includes three bedrooms and one bathroom. The property offers an estimated CAP rate over 14%. Both units have new heating systems, new windows, new kitchens, and new bathrooms. The property presents a fantastic investment or owner-occupy opportunity. It is an income-producing property with separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. The building size is 2100 square feet and the lot size is 0.04 acres. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.
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
- -73.777848
- Latitude
- 42.669769
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex near downtown Albany with month-to-month rental flexibility.
Where is this duplex located?
The property is located at 507 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: High CAP Rate (estimated over 14%) indicates strong income potential; Fully Remodeled: New heating systems, windows, kitchens, and baths offer modern living and reduced maintenance; Two Units: 4‑bedroom and 3‑bedroom configurations provide flexibility for rental income or owner‑occupancy
