497 Washington Avenue

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Address: 497 Washington Ave, Albany, NY 12206, USA
New York & Tri-State + 2-4 Units
Created date: February 21, 2026
Date last updated: September 20, 2026
Price: $199,999Investment Analyzer NEW!

Property Description

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.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $199,999
No. of Units: 2
Year Built: 1910
Lot Size: 1,924.00 Sq ft
Opportunity Zone: No
Price per unit: $100,000
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 1
Address: 497 Washington Avenue, Albany, NY 12206, USA
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Step 2Gross Rent Analysis

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Step 3Final Deal Analysis

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