497 Washington Avenue

Albany, NY 12206

$250,000
Price
2
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity for a true turnkey investment. Enjoy the best of both worlds with this mixed-use building. The property consists of both residential and commercial space. The 2nd floor unit consists of 2-bedroom 1 bathroom residential apt which is currently leased through May 2025. The first-floor unit is a local tavern. Close to SUNY Albany downtown campus, Washington park and is conveniently located on the bus line. Great opportunity to add to any portfolio! The building is cash flow positive...Rare opportunity for a true turnkey investment. Enjoy the best of both worlds with this mixed-use building. The property consists of both residential and commercial space. The 2nd floor unit consists of 2-bedroom 1 bathroom residential apt which is currently leased through May 2025. The first-floor unit is a local tavern. Close to SUNY Albany downtown campus, Washington park and is conveniently located on the bus line. Great opportunity to add to any portfolio! The building is cash flow positive on day one with room to grow in the future. A block away from the new UAlbany downtown campus.
  1. Listed by Elizabeth Koprucki • HS Capital Realty LLC

Property Details for 497 Washington Avenue

Architectural Style
Other
Waterfront
No
Parking Total
1.00
LISTING UPDATED: 11/12/2024 10:23 PM

Property Details for 497 Washington Avenue

StatusActive
MLS #202420376
Days on Market132
Taxes$4,792 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1910
Lot Size0.09 AC / 3,920 SF
CountyAlbany County

Building Information for 497 Washington Avenue

Stories-Residences-Year Built1910Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 497 Washington Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Washington Avenue past Albany high school.
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12206
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.77
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 63.000
  • Tax Block: 4
  • Parcel Number: 010100 65.54-4-63
  • Tax Tract: 65.54
  • Tax Annual Amount: $4,791.82
Parking
  • GarageSpaces: .00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: Subject To Tenant Rights, At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1910
  • New Construction: No
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3920.4
Building Information
  • Living Area: 0.0
  • Duplex Type : Up And Down: Yes
Utilities
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
Interior Features
  • Heating: Natural Gas
  • Basement: Unfinished
  • Construction Materials: Aluminum Siding, Brick
  • Cooling: None
  • Cooling: No
  • Heating: Yes
  • Attic Features : Hatch: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 1
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Notational: 1.00
  • Bedrooms Total: 2
  • Bathrooms Full: 1
  • Bathrooms Half: 0
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 0
Unit 2
  • Unit Detail : Total Bedrooms: 2

Property History for 497 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 497 Washington Avenue

Taxable ValueLand$41,800Additions$83,200Total$125,000
Home Facts
Total Finished SqFt1,924 SqFtAbove Grade Finished SqFt1,924 SqFtUnfinished Basement SqFt946 SqFtStories2Lot Size3,948 SqFtStyleOffice BuildingYear Built1930ZoningC3CountyALBANYAPN010100 65.54-4-63

Schools near 497 Washington Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Philip J Schuyler Achievement Academy
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

Edmund J O'neal Middle Of Excellence
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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497 Washington Avenue is a multi-family home for sale in Albany, NY 12206. This property was listed for sale on June 28, 2024 by HS Capital Realty LLC, it's currently listed at $250,000. It has been on the market for a total of 132 days and was last sold on September 30, 2014. This listing's school district is Albany City School District. Nearby schools include Philip J Schuyler Achievement Academy, Stephen And Harriet Myers Middle School and Albany High School. 497 Washington Avenue is a 2-bed, 1-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HS Capital Realty LLC

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