About This Home

This 7-bedroom, 2-bathroom residential multi family at 507 Central Avenue in Albany, NY is listed for $325,000 ($155 per sqft). Built in 1925, the home offers 2,100 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1925
  • 0.04 acre lot
  • 2 stories

Property Details

2 stories
2 full
1925
Listing 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 u

tilities, 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.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

507 Central Avenue

Albany, NY 12206

West Hill

Property Details

Heating

Electric (Heating)Baseboard

Questions & Answers

This 7-bedroom, 2-bathroom residential multi family at 507 Central Avenue is listed at $325,000 ($155/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.04 acre lot, 2 stories.

This property is listed by Joseph Cardinale.

JC

Joseph Cardinale

Agent at HOWARD HANNA CAPITAL INC

Listed by HOWARD HANNA CAPITAL INC · Broker phone: 5183714500 · View on Broker Site

MLS# 11738668· Source: My State MLS· 172 days on PropertySimple

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.

507 Central Avenue, Albany, NY 12206

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