507 Central Avenue, Albany, NY 12206

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5 Beds 2 Baths 0 Partial Bath 2,100 Sq Ft 0.04 Acres

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Property Description

Completely Remodeled 2 Unit, 1st floor 4 Bedroom 1 Bath, 2nd Floor 3 Bedroom 1 Bath, Estimated CAP RATE over 14%. New heating systems, new windows, new Kitchens and baths. Completely redone!! fantastic investment or owner occupy opportunity!!! This two-family investment property Income-producing duplex for sale in Albany separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.

507 Central Avenue | MLS# 202617063

This multi-family property located at 507 Central Avenue, Albany, NY 12206 is currently listed for sale with an asking price of $325,000. Central Avenue is located within the Albany school district. Search Albany real estate on merima-smajic.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple

Basement: Full

Basement: Yes

Heating: Baseboard, Electric

Home Style: Other

Lot Size: 0.04 Acres

Roof Type: Asphalt

Taxes: $3,674

Year Built: 1925

Feature Descriptions

Days on Site: 6

Exterior: None

Exterior: Other

Parcel #: 010100 65.37-2-13

Sewer: Public Sewer

SQFT Above Grade Finished: 2100

Water: Public

Local Schools

High School: Albany

School District: Albany

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$ 1,124.27 per month $723.31 Principal & Interest $306.17 Property Tax $94.79 Homeowner's Insurance

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Listing By

Agency Name: Howard Hanna Capital Inc
Agency Phone: 1 518-371-4500

Shown By

Agent Name: Merima Smajic
Agent Phone: (315) 272-3730 Cell
Agency Title: Coldwell Banker Prime Properties

507 Central Avenue, Albany, NY 12206

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Merima Smajic Licensed Associate Real Estate Broker Cell: (315) 272-3730 Email Me

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/19/2026. The listing information on this page last changed on 05/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/19/2026 5:54:24 AM EST) or Global MLS (last updated Mon 05/18/2026 8:11:49 AM EST) or New York State Alliance MLS (last updated Tue 05/19/2026 2:34:43 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 05/19/2026 12:11:13 AM EST) or OneKey MLS (last updated Tue 05/19/2026 1:45:23 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

C.B. Prime Properties, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

Homestead Funding Corp. Company NMLS# 3232. Equal Housing Lender. State Licensing Information

Coldwell Banker®. All rights reserved. The Coldwell Banker System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices. Coldwell Banker Real Estate LLC, fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

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507 Central Avenue, Albany, NY 12206

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Property Description

507 Central Avenue | MLS# 202617063

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Property Features

Feature Descriptions

Local Schools

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507 Central Avenue, Albany, NY 12206

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507 Central Avenue, Albany, NY 12206

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