About This Home

This 8-bedroom, 2-bathroom multi-family at 556 Washington Avenue in Albany, NY is listed for $349,900 ($166 per sqft). Built in 1904, the home offers 2,112 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1904
  • 0.04 acre lot

Property Details

2 full
1904
Listing Description

INVESTOR ALERT! FULLY RENTED 2-FAMILY - INCOME FROM DAY ONE! An excellent opportunity to add a fully occupied, income-producing property to your investment portfolio! This spacious Albany duplex offers two 4-bedroom, 1-bath units, providing a total of 8 bedrooms and strong rental potential.

The first-floor unit features updated flooring and fresh paint. Additional improvements include new siding on one side, concrete paving around the property, an upgraded sump pump system with an additional backyard pump, and a basement laundry area. Conveniently located on Washington Avenue near universities, shopping, restaurants, and major transportation routes.

Both units are rented, offering immediate rental income without the initial vacancy period. Whether you're expanding your portfolio or purchasing your first investment property, this is an opportunity worth exploring.

Monthly Cost Estimate

$1,871/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,516
Insurance$102

Estimates only. Actual payments may vary.

Location

556 Washington Avenue

Albany, NY 12203

Property Details

Construction

Brick Vinyl Siding

Heating

Forced Air

Questions & Answers

This 8-bedroom, 2-bathroom multi-family at 556 Washington Avenue is listed at $349,900 ($166/sqft). The estimated monthly payment is $1,871 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1904, 0.04 acre lot.

This property is listed by Rahul Aggarwal.

RA

Rahul Aggarwal

License 10401282672

Agent at Tailored Real Estate Group

Listed by Tailored Real Estate Group · Broker phone: (518) 400-2550 · View on Broker Site · Broker website

MLS# 202626450· Source: Global MLS, Inc.· 40 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.

556 Washington Avenue, Albany, NY 12203

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