501 Washington Avenue Albany, NY 12206

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Presenting an exceptional two-family residence situated in the desirable Washington Ave in Albany, offering easy access to all city's amenities. This property is an ideal investment opportunity, delivering substantial cash flow, or a perfect choice for an owner-occupant seeking to minimize living expenses. The 1st-floor unit, intentionally left vacant, has 4 spacious bedrooms and 1 bathroom has been recently painted and refreshed! The 2nd-floor unit, featuring 5 bedrooms and 1 bathroom, is occupied by a reliable long-term tenant who pays $1, 700 monthly. This well-maintained property promises impressive returns with estimated annual rental income exceeding $40, 000 with both units leased. All separate utilities and low taxes (noted without STAR exemption).