# 501 2nd Street, Albany, NY 12206

> **TL;DR:** 3bd/2ba residential multi family, $145,000 ($94/sqft), built 1900, 1,540 sqft.
> A/C. Est. $628/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $145,000 |
| Price/sqft | $94 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,540 |
| Year Built | 1900 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $628 |
| **Total** | **$628** |

## Nearby Schools

- **Elementary:** Philip J. Schuyler Achievement
- **High:** Albany

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.07 acre lot

## Description

### Agent Description
Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028. Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher

## Location

- **Address:** 501 2nd Street, Albany, NY 12206
- **County:** Albany
- **Coordinates:** 42.668907, -73.771
- **Google Maps:** https://www.google.com/maps?q=42.668907,-73.771

## Listing Agent

- **Name:** Natalie Pinkham
- **Brokerage:** Berkshire Hathaway HomeServices Blake, REALTORS
- **Phone:** 5188781152
- **Email:** realtornataliepinkham@gmail.com

## Primary Photo

![501 2nd Street - Primary Photo](http://lh.rdcpix.com/9faef4c06ca96e37fa7da815c675f46dl-f1776535775r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/501-2nd-street-albany-ny-12206-02614547)*

---

**MLS#:** 202614547 | **Updated:** 2026-04-24
**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.com/listing/501-2nd-street-albany-ny-12206-02614547)

---

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