# 587 Washington Avenue, Albany, NY 12206

> **TL;DR:** 6bd/2ba multi-family, $315,000 ($129/sqft), built 1920, 2,438 sqft.
> Hardwood. Est. $1,685/mo. Listed 136 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $315,000 |
| Price/sqft | $129 |
| Bedrooms | 6 |
| Bathrooms | 2 full |
| Square Feet | 2,438 |
| Year Built | 1920 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | Active |
| Days on Market | 136 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,593 |
| Estimated Insurance | $92 |
| **Total** | **$1,685** |

## Nearby Schools

- **High:** Albany

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1920
- 0.08 acre lot
- 1 parking spaces

## Description

### Agent Description
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!

## Location

- **Address:** 587 Washington Avenue, Albany, NY 12206
- **County:** Albany
- **Coordinates:** 42.66613, -73.778915
- **Google Maps:** https://www.google.com/maps?q=42.66613,-73.778915

## Virtual Tour & Media

- **Video Tour:** https://app.doaudiotours.com/unbranded?id=33224&lang=en-US

## Listing Agent

- **Name:** Lisa Patentreger · **License:** 10401373194
- **Brokerage:** Howard Hanna Real Estate Services
- **Broker Phone:** (518) 348-7100
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/587-Washington-Ave_Albany_NY_12206_M49524-66797?f=listhub&s=CRMLSNY&m=202619937&c=propsimple)

## Photos

![587 Washington Avenue - Photo 1](http://lh.rdcpix.com/315474d047f1b1dfa909ffe4d3b1f2dfl-f3365494356r.jpg)

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![587 Washington Avenue - Photo 63](http://lh.rdcpix.com/315474d047f1b1dfa909ffe4d3b1f2dfl-f521332280r.jpg)

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![587 Washington Avenue - Photo 65](http://lh.rdcpix.com/315474d047f1b1dfa909ffe4d3b1f2dfl-f2040959249r.jpg)

---

**MLS#:** 202619937 | **Updated:** 2026-10-27
**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://staging.propertysimple.ai/listing/587-washington-avenue-albany-ny-12206-6967fc81da984ffe9daefd402b3a1306)

---

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