587 Washington Avenue, Albany, NY 12206, Albany

$ 315,000

Overview

  • Updated On:
  • October 22, 2026
  • 6
  • Bedrooms
  • 2
  • Bathrooms
  • 2,438 ft2
  • Property Size

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!

Address: 587 Washington Avenue, Albany, NY 12206
City:
State/County:
Zip: 12206
Country: United States

Property Id: 904217
Price: $ 315,000
Property Size: 2,438 ft2
Property Lot Size: 0 ft2
Bedrooms: 6
Bathrooms: 2
Listing Agent Email: lisapatentreger@howardhanna.com
Listing Agent: Lisa Patentreger
Listing Agent Phone: 518-852-8616
Listing Office: Howard Hanna Capital Inc

Other Features
Has Heating System
None
Open Parking

$ 1,615.07
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,221.32

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