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About This Home
This 5-bedroom, 2-bathroom residential multi family at 631 Washington Avenue in Albany, NY is listed for $325,000 ($143 per sqft). Built in 1900, the home offers 2,272 sqft of living space on a 0.09 acres lot.
Well-maintained two-family, up/down duplex in a convenient Albany location with strong income potential. The first-floor unit features 3 bedrooms and 1 full bath and is currently rented month-to-month at $975/month, with estimated market rent of approximately $1,500/month.
The second-floor unit offers 2 bedrooms and 1 full bath and is currently vacant, with projected rental income of approximately $1,400/month. Recent improvements include a new boiler and water heater serving the first-floor unit, as well as an updated bathroom in the second-floor unit.
The property offers separate utilities and hot water systems for each unit, plus two washer/dryer hookups in the basement for added tenant convenience. Additional features include off-street parking and a former garage pad in the backyard, providing an opportunity for future garage reconstruction or additional improvements. An excellent opportunity for both investors and owner-occupants seeking rental income in a desirable Albany location.
Key Features
- Built in 1900
- 0.09 acre lot
- 3 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
631 Washington Avenue
Albany, NY 12206
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Views
Pool Features
Parking
Heating
Questions & Answers
This 5-bedroom, 2-bathroom residential multi family at 631 Washington Avenue is listed at $325,000 ($143/sqft). The estimated monthly payment is $1,408 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.09 acre lot, 3 parking spaces. Interior Features: Paddle Fan, High Speed Internet.
This property is listed by Jennifer Eitleman and can be reached at 5183647393 or Jennifer@GablerRealty.com.