Sunlight and beautiful hardwood floors highlight this ideally located, recently updated Albany duplex! Each spacious unit offers 3 bedrooms and 1 full bath, with separate tenant-paid utilities. Unit 1 is leased at $1,600 per month, providing immediate rental income, while beautifully updated Unit 2 is vacant and ready for an owner-occupant or new tenant, with estimated rental potential of $1,700 per month. Together, the units offer projected annual gross rental income of $39,600. A brand-new sewer line extending to the city connection represents a significant investment already made by the seller. Public water and sewer, off-street parking, and convenient access to downtown Albany, colleges, hospitals, shopping, dining, and major commuter routes add to the appeal. An excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income!

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"Based on information submitted to Global MLS as of October 22, 2026 7:13 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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587 Washington AvenueAlbany, NY 12206Price: $315,000

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Building Relationships Based on Trust, Honesty and Dedication

587 Washington AvenueAlbany, NY 12206Price: $315,000

$/month over payments

Listing Tools

$/month over payments

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Property Details of 587 Washington Avenue

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Laundry

Other

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

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Hi there! How can we help you?

Signature ONE Realty Group

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