502 Yates St Albany, NY 12208
Pine Hills NeighborhoodEstimated payment $2,183/month
Highlights
- Main Floor Bedroom
- Eat-In Kitchen
- Bathroom on Main Level
- Albany High School Rated A-
- Recessed Lighting
- 3-minute walk to Madison Avenue Park
About This Home
Investor-friendly two-family property located in the Pine Hill neighborhood of Albany, offering strong income potential and flexibility for either owner occupancy or portfolio expansion. This multi-unit property features two spacious units- for a total of 6 bedrooms and 2 bathroom, along with generous living spaces and functional layouts throughout. The property has been extensively renovated, fully gutted, and completely redone, creating a move-in-ready opportunity with updated systems, finishes, and overall improvements already completed. The upstairs unit is currently occupied with rental income in place, while the first-floor unit offers additional rental upside or the flexibility for owner occupancy. Both apartments feature bright living areas, dedicated dining spaces, and updated interiors designed for comfortable everyday living. Additional highlights include off-street parking and a large backyard with the opportunity for a new owner to personalize and complete the outdoor space with their own finishing touches. Conveniently located near local restaurants, shopping, schools, hospitals, parks, and major roadways, this property presents a strong opportunity for investors or buyers seeking a turnkey multi-family property with immediate income potential and long-term value. Note: Some images are ai staged.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,075
Year Built
- Built in 1870
Lot Details
- 2,790 Sq Ft Lot
- Lot Dimensions are 30 x 93
- Back Yard
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- Recessed Lighting
- Eat-In Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 1 Full Bathroom
Parking
- 1 Parking Space
- Alley Access
Schools
- Albany School Of Humanities Elementary School
- Albany High Middle School
- Albany High School
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Steam
Community Details
- 2 Units
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 | $6,075 | $231,000 | $46,200 | $184,800 |
| 2024 | $6,075 | $231,000 | $46,200 | $184,800 |
| 2023 | $4,910 | $120,000 | $26,600 | $93,400 |
| 2022 | $4,388 | $120,000 | $26,600 | $93,400 |
| 2021 | $3,718 | $92,000 | $26,600 | $65,400 |
| 2020 | $3,702 | $92,000 | $26,600 | $65,400 |
| 2019 | $3,622 | $92,000 | $26,600 | $65,400 |
| 2018 | $5,058 | $133,000 | $26,600 | $106,400 |
| 2017 | $2,975 | $133,000 | $26,600 | $106,400 |
| 2016 | $4,906 | $133,000 | $26,600 | $106,400 |
| 2015 | $4,536 | $123,600 | $24,700 | $98,900 |
| 2014 | -- | $123,600 | $24,700 | $98,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/26/2026 05/26/26 | For Sale | $309,999 | -- | $145 / Sq Ft |
Source: OneKey® MLS
MLS Number: 1004624
APN: 010100-064-076-0001-041-000-0000
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