501 2nd St Albany, NY 12206
West Hill NeighborhoodEstimated payment $982/month
Highlights
- Traditional Architecture
- No HOA
- Wood Frame Window
- Albany High School Rated A-
- Enclosed Patio or Porch
- Bathroom on Main Level
About This Home
Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028.
Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher
Listing Agent
Berkshire Hathaway HomeServices Blake, REALTORS License #10401381130 Listed on: 04/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,555
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 25x127.3
- Property fronts a private road
- Back Yard Fenced
Parking
- Off-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Brick Foundation
Interior Spaces
- 1,540 Sq Ft Home
- 2-Story Property
- Paddle Fans
- Wood Frame Window
- Interior Basement Entry
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Outdoor Features
- Enclosed Patio or Porch
Schools
- Philip J. Schuyler Achievement Elementary School
- Albany High School
Utilities
- Forced Air Heating and Cooling System
- 100 Amp Service
Community Details
- No Home Owners Association
- Laundry Facilities
- Building Fire Alarm
Listing and Financial Details
- Legal Lot and Block 42.000 / 1
- Assessor Parcel Number 010100 65.47-1-42
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,375 | $86,000 | $17,200 | $68,800 |
| 2024 | $2,375 | $86,000 | $17,200 | $68,800 |
| 2023 | $2,506 | $59,000 | $11,800 | $47,200 |
| 2022 | $2,454 | $59,000 | $11,800 | $47,200 |
| 2021 | $2,449 | $59,000 | $11,800 | $47,200 |
| 2020 | $2,239 | $59,000 | $11,800 | $47,200 |
| 2019 | $2,323 | $59,000 | $11,800 | $47,200 |
| 2018 | $2,244 | $59,000 | $11,800 | $47,200 |
| 2017 | $2,229 | $59,000 | $11,800 | $47,200 |
| 2016 | $2,418 | $59,000 | $11,800 | $47,200 |
| 2015 | $2,341 | $63,800 | $12,800 | $51,000 |
| 2014 | -- | $63,800 | $12,800 | $51,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $145,000 | -- | $94 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- |
Source: Global MLS
MLS Number: 202614547
APN: 010100-065-047-0001-042-000-0000
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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Ask me questions while you tour the home.