About This Home

This 2-bedroom, 1-bathroom multi-family at 497 Washington Avenue in Albany, NY is listed for $199,999 ($104 per sqft). Built in 1910, the home offers 1,924 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1910
  • 0.09 acre lot
  • 1 parking spaces

Property Details

1 full, 2 half
1 space
1910
Listing Description

Don't miss one of the best-priced commercial opportunities in Pine Hills! This mixed-use property offers immediate income with future upside in a highly visible location for your next business, just one block from the UAlbany Downtown Campus. The second floor features a leased 2-bedroom apartment secured through May 2027, providing stable income from the start.

The vacant first-floor commercial space offers incredible flexibility. It is currently vacant and ready for your vision -- ideal for retail, office, studio, or service-based business. Close to Washington Park, the SUNY Albany downtown campus, and directly on the bus line, this property benefits from strong tenant demand, visibility, and convenience. This is a rare opportunity to secure a well-located mixed-use property in one of Albany's most active rental corridors with built-in income and future growth potential.

Monthly Cost Estimate

$1,070/mo

20% down · 6.5% · 30 years

Principal$145
Interest$867
Insurance$58

Estimates only. Actual payments may vary.

Location

497 Washington Avenue

Albany, NY 12206

Property Details

Construction

Aluminum Siding Brick

Heating

Natural Gas

Questions & Answers

This 2-bedroom, 1-bathroom multi-family at 497 Washington Avenue is listed at $199,999 ($104/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.09 acre lot, 1 parking spaces.

This property is listed by Elizabeth Koprucki.

EK

Elizabeth Koprucki

License 10401354982

Agent at HS Capital Realty LLC

Listed by HS Capital Realty LLC · Broker phone: (518) 729-8278 · View on Broker Site · Broker website

MLS# 202612292· Source: Global MLS, Inc.· 252 days on PropertySimple

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.

497 Washington Avenue, Albany, NY 12206

Open this listing in: