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587 Washington Avenue, Albany, NY 12206

Albany
Local realty services provided by:CENTURY 21 North East
587 Washington Avenue,Albany, NY 12206
$315,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • 2,438 sq. ft.
  • Multi-family
  • Active
Listed by: lisa patentreger
Office: howard hanna capital inc
MLS#:202619937
Source:Global MLS

Price summary

  • Price:$315,000
  • Price per sq. ft.:$129.2

About this home

Sunlight and beautiful hardwood floors highlight this ideally located, recently updated Albany duplex! Each spacious unit offers 3 bedrooms and 1 full bath, with separate tenant-paid utilities. Unit 1 is leased at $1,600 per month, providing immediate rental income, while beautifully updated Unit 2 is vacant and ready for an owner-occupant or new tenant, with estimated rental potential of $1,700 per month. Together, the units offer projected annual gross rental income of $39,600. A brand-new sewer line extending to the city connection represents a significant investment already made by the seller. Public water and sewer, off-street parking, and convenient access to downtown Albany, colleges, hospitals, shopping, dining, and major commuter routes add to the appeal. An excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income!

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Home facts

  • Year built:1920
  • Listing ID #:202619937
  • Added:128 day(s) ago
  • Updated:October 24, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood
  • Basement Description:Full, Unfinished
  • Living area:2,438 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1920
  • Building area:2,438 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding, Vinyl Siding
  • Exterior Features:Covered, Enclosed, Front Porch, Rear Porch
  • Foundation Description:Brick/Mortar

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$315,000
  • Price per sq. ft.:$129.2
  • Tax amount:$5,590

Features and amenities

  • Laundry features:Laundry Room, Main Level

Parking

  • Total parking spaces:1
  • Parking description:Driveway, Off Street, Paved
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved. NY_GCAR Member Broker: Jim D’Amico

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