# 507 Central Avenue, Albany, NY 12206

> **TL;DR:** 7bd/2ba multi-family, $325,000 ($155/sqft), built 1925, 2,100 sqft. Est. $1,738/mo. Listed 71 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $325,000 |
| Price/sqft | $155 |
| Bedrooms | 7 |
| Bathrooms | 2 full |
| Square Feet | 2,100 |
| Year Built | 1925 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 71 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,643 |
| Estimated Insurance | $95 |
| **Total** | **$1,738** |

## Nearby Schools

- **High:** Albany

## Property Highlights

- Built in 1925
- 0.04 acre lot

## Description

### Agent Description
Completely Remodeled 2 Unit, 1st floor 4 Bedroom 1 Bath, 2nd Floor 3 Bedroom 1 Bath, Estimated CAP RATE over 14%. New heating systems, new windows, new Kitchens and baths. Completely redone!! fantastic investment or owner occupy opportunity!!! This two-family investment property Income-producing duplex for sale in Albany separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.

## Location

- **Address:** 507 Central Avenue, Albany, NY 12206
- **County:** Albany
- **Coordinates:** 42.66978, -73.777784
- **Google Maps:** https://www.google.com/maps?q=42.66978,-73.777784

## Virtual Tour & Media

- **Video Tour:** https://app.doaudiotours.com/unbranded?id=22008&lang=en-US

## Listing Agent

- **Name:** Joseph P Cardinale
- **Brokerage:** Howard Hanna Capital Inc
- **Phone:** 5187552064

## Primary Photo

![507 Central Avenue - Primary Photo](http://lh.rdcpix.com/75ea68a3dc713320bbbf6467f6d1103fl-f756305301r.jpg)

*58 total photos available on [listing page](https://www.propertysimple.ai/listing/507-central-avenue-albany-ny-12206-02617063)*

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**MLS#:** 202617063 | **Updated:** 2026-08-01
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/507-central-avenue-albany-ny-12206-02617063)

---

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