Great opportunity to own a versatile 2-unit property in the West Hill neighborhood of Albany! Whether you're starting your homeownership journey or expanding your investment portfolio, this income-generating property provides flexibility and potential for additional income! The upstairs apartment offers the possibility of a 3-bedroom layout, downstairs apartment offers possibility of a 2-bedroom layout, providing added value and rental appeal. Utilize the rear enclosed porches for additional storage space with washer/dryer hookup, as well as an enclosed backyard, perfect for keeping your pets secure and outdoor enjoyment. Currently occupied, this property presents immediate income of $1,650/mo. plus utilities. Active residential occupancy permits are in place through 2/2028. Ideally situated near the bus line with easy access to Central Avenue, Albany Medical Center, Bleecker Stadium Park, and downtown Albany-an area experiencing exciting revitalization. Don't miss this opportunity to invest in a growing area with strong upside! Rents could be higher

Listing Tools

Property Details of 501 2nd Street

Property Details

Utilities and Appliances

Community

Other Details

Map Location

Listed by Natalie Pinkham of Berkshire Hathaway HomeServices Blake,REALTORS

 "Based on information submitted to Global MLS as of June 4, 2026 4:45 PM 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."

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from New England Lakeside Realty, Inc.. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.