558 Washington Avenue, Albany, NY 12203

Local realty services provided by:HUNT Real Estate ERA
558 Washington Avenue,Albany, NY 12203
$325,000
Virtual Tour
  • 7 Beds
  • 3 Baths
  • 2,562 sq. ft.
  • Multi-family
  • Active
Listed by: daniel odabashian, samantha curry
Office: new scotland realty
MLS#:202610506
Source:Global MLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$126.85

About this home

Fully occupied, cash-flowing three-unit property located in a desirable student rental area. Each unit features a 2-bedroom, 1-bath layout and the property is currently achieving an impressive 8.34% cap rate. With an exceptionally strong rental history and consistent performance over the past 11 years, this asset offers reliable income and proven stability. Conveniently situated just 11 minutes from the nearest bus stop, providing easy access to campus and surrounding amenities, walking distance to Albany High. An excellent opportunity for investors seeking a high-performing property in a high-demand rental market. Value add potential with a 3 car garage located directly behind property. Can be packaged with 3-unit 238 Ontario St or sold separately.

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Home facts

  • Year built:1904
  • Listing ID #:202610506
  • Added:2 day(s) ago
  • Updated:January 14, 2026 at 03:58 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,562 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1904
  • Building area:2,562 sq. ft.
  • Lot area:0.08 Acres

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$126.85
  • Tax amount:$5,291
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