Turnkey Two-Unit Residential Income

508 Albany St, Utica, NY 13501

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For Sale

$199,900

Fully remodeled two-unit property with separate utilities, offering flexible occupancy for tenants or an owner-occupant.

Type:Multi Family

Property size:

2,000 SF

Lot size:

0.17 Acres

Price / SF:

$99/SF

HighLights

Turnkey two‑unit multifamily in Utica built in 1900 with nearly 2,000 sq ft across two floors
Each unit has its own furnace and water heater plus 3 separate electric meters for independent utilities
Unit 1 is tenant‑occupied at $1,300/month with a strong payment history
Unit 2 is vacant and features 3 beds and 1.5 baths—ready for immediate rent or owner‑occupancy
Both units were fully updated with new kitchens, tiled bathrooms, and vinyl flooring throughout
30x101 lot; seller will deliver clean basement and backyard at closing

We can help!

Listing Contact

Khai Vuong

Learn more

For Sale

$199,900

Fully remodeled two-unit property with separate utilities, offering flexible occupancy for tenants or an owner-occupant.

Type:Multi Family

Property size:

2,000 SF

Lot size:

0.17 Acres

Price / SF:

$99/SF

Added:: Jun 4, 2026
Days on Market:: 8
Last Refresh:: Jun 6 at 3:48 am

Property Features for 508 Albany St

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 0.17 Acres
Property subtype: Multi Family

Building Details

Year Built: 1900

We can help!

Listing Contact

Khai Vuong

Listing agent Khai Vuong License #10401387938

Listing office Assist2Sell Buyer's & Seller's 1st Choice

Listing date Jun 4, 2026

Source Elliman

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 Assist2Sell Buyer's & Seller's 1st Choice

HighLights

Turnkey two‑unit multifamily in Utica built in 1900 with nearly 2,000 sq ft across two floors
Each unit has its own furnace and water heater plus 3 separate electric meters for independent utilities
Unit 1 is tenant‑occupied at $1,300/month with a strong payment history
Unit 2 is vacant and features 3 beds and 1.5 baths—ready for immediate rent or owner‑occupancy
Both units were fully updated with new kitchens, tiled bathrooms, and vinyl flooring throughout
30x101 lot; seller will deliver clean basement and backyard at closing

Overview

This turnkey two-unit residential income property has been fully remodeled and is ready for immediate use. Each unit features new kitchens, tiled bathrooms, and vinyl flooring throughout. The layout provides living space across two floors, with each unit having its own furnace and water heater, along with three separate electric meters supporting independent utilities. One unit is currently tenant-occupied, while the second unit is vacant and can be rented immediately or used by an owner-occupant. The seller will deliver a clean basement and backyard at closing.

The property sits on a 30 x 101 lot and contains nearly 2,000 sq. ft. of living space total, divided evenly between the two units. Bike and walk scores listed for the area are 42 and 48, respectively, indicating a car-dependent setting.

For investors, the updated interiors and independently metered systems help support straightforward operations. For owner-occupants, the vacant second unit provides an option to move in while maintaining a separate unit for rental income.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Utica
County: Oneida
State: New York
Longitude: -75.2174568
Latitude: 43.0977524

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For sale
Duplexes
NY
Utica
13501
508 Albany St

What type of property is this?

Duplex - Fully remodeled two-unit property with separate utilities, offering flexible occupancy for tenants or an owner-occupant.

Where is this duplex located?

The property is located at 508 Albany St Utica, NY.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Turnkey two‑unit multifamily in Utica built in 1900 with nearly 2,000 sq ft across two floors; Each unit has its own furnace and water heater plus 3 separate electric meters for independent utilities; Unit 1 is tenant‑occupied at $1,300/month with a strong payment history