497 Washington Avenue, Albany, NY, 12206
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
Walker's Paradise
Good Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,011 | $12,132 |
| Home Insurance * | $137 | $1,644 |
| Property Taxes | $283 | $3,396 |
| Electricity | $317 | $3,815 |
| Total | $1,748 | $20,976 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Price change | $224,900 |
| 2026-02-21 | Listed for sale | $250,000 |
| 2025-05-31 | Listing removed | $219,900 |
| 2025-03-30 | Price change | $219,900 |
| 2025-03-17 | Listed for sale | $229,900 |
| 2025-03-04 | Pending sale | $229,900 |
| 2025-01-28 | Listed for sale | $229,900 |
| 2025-01-23 | Pending sale | $229,900 |
| 2024-12-30 | Listed for sale | $229,900 |
| 2024-12-20 | Listing removed | $250,000 |
| 2024-07-10 | Listed for sale | $250,000 |
| 2024-07-07 | Pending sale | $250,000 |
| 2024-07-01 | Listed for sale | $250,000 |
| 2021-01-20 | Listing removed | -- |
| 2020-08-07 | Pending sale | $149,000 |
| 2020-03-03 | Listed for sale | $149,000 |
| 2019-03-21 | Listing removed | $139,900 |
| 2018-12-21 | Pending sale | $139,900 |
| 2018-11-27 | Listed for sale | $139,900 |
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