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497 Washington Avenue, Albany, NY, 12206

2beds
1baths
1,924sqft
$224,900
$117price/sqft
$1,927/moest. monthly cost
$77,080/yrincome needed

About This Home

Don't miss one of the best-priced commercial opportunities in Pine Hills! This mixed-use property offers immediate income with future upside in a highly visible location for your next business, just one block from the UAlbany Downtown Campus. The second floor features a leased 2-bedroom apartment secured through May 2027, providing stable income from the start. The vacant first-floor commercial space offers incredible flexibility. It is currently vacant and ready for your vision -- ideal for retail, office, studio, or service-based business. Close to Washington Park, the SUNY Albany downtown campus, and directly on the bus line, this property benefits from strong tenant demand, visibility, and convenience. This is a rare opportunity to secure a well-located mixed-use property in one of Albany's most active rental corridors with built-in income and future growth potential.

Getting Around

92
WalkingWalker's Paradise
61
TransitGood Transit
72
BikeVery Bikeable

Schools

4/10
Albany High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1910

Materials

  • Construction materials: Aluminum Siding,Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,924

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,924
  • Total interior livable area: 1,924 sqft

Property

Details

  • Parcel number: 010100 65.54463
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Exterior features: None

Lot

  • Lot size: 3,920 sqft

Parking

  • Total spaces: 1