501 2nd Street, Albany, NY 12206 (MLS # 202614547)

Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028. Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher

Last Updated	4/7/2026	Year Built	1900
County	Albany

SCHOOLS

Elementary School	Philip J. Schuyler Achievement
High School	Albany

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
BASEMENT	Interior Entry, Yes
CONSTRUCTION	Other
EXTERIOR	None
HEAT	Forced Air, Natural Gas
LOT	3049 sq ft
LOT DIMENSIONS	25X127.3
PARKING	Off Street
SEWER	Public Sewer
STYLE	Traditional
TAXES	2554.91
UTILITIES	Sewer Connected
WATER	Public

Location

 

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