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About This Home
This 6-bedroom, 2-bathroom residential multi family at 587 Washington Avenue in Albany, NY is listed for $275,000 ($113 per sqft). Built in 1920, the home offers 2,438 sqft of living space on a 0.08 acres lot.
Income-producing duplex featuring two 3-bedroom, 1-bath units with separate utilities. One unit is occupied by a long-term month-to-month tenant paying $1,500 per month, while the second unit is currently being marketed for lease at $1,600 per month. Separate utilities, public water and sewer, and off-street parking help keep operating expenses manageable.
Conveniently located near downtown Albany, colleges, hospitals, shopping, restaurants, and major commuter routes. A solid investment opportunity with current income and future upside potential.
Key Features
- Built in 1920
- 0.08 acre lot
- 1 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
587 Washington Avenue
Albany, NY 12206
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 587 Washington Avenue is listed at $275,000 ($113/sqft). The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.08 acre lot, 1 parking spaces.
This property is listed by Lisa Patentreger and can be reached at 5188528616 or lisapatentreger@howardhanna.com.
