Welcome to this completely updated two-family home offering modern finishes and great investment potential. Both units have been beautifully renovated and are move-in ready. The basement is already partially prepared and offers the potential to be finished into a third unit, subject to city approvals. A great opportunity for an owner-occupant or investor looking for additional rental income.
Multi-familyProperty Type
1899Year Built
1,742 sq ftLot Size
$136Price/Sq.Ft.
Listing by Karyn Long• Coldwell Banker Prime Properties
Central Avenue, located between Downtown Albany and Colonie, is a commercial and residential Albany neighborhood with a long retail corridor and a patchwork of side-street blocks. The character concentrates around Central Avenue at Lark Street, where late-night slices, small galleries, and corner bars spill light onto the sidewalks. Community pillars include the Palace Theatre, the Albany Institute of History & Art, and the Madison Theatre. Brick rowhouses and older apartment buildings sit behind storefront strips, giving the area a lived-in, walk-and-stop rhythm. Washington Park frames the south end with broad lawns and looping paths, while bus stops and cross-streets keep the corridor in constant motion. Cafes, international groceries, and long-running eateries line the avenue, with murals and marquee lights adding texture after dark.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Paddle fan
High-speed internet
Has fireplace (2 total)
Bedrooms
Unit 1: 1 bedroom
Unit 2: 2 bedrooms
Additional bedrooms noted in basement and other levels
Bathrooms
Total of 4 bathrooms (2 full, 2 half)
Full baths located on first and second floors
Half baths located on first and second floors
Laundry & utility
Laundry on main level
Laundry on upper level
Flooring
Laminate flooring
Heating & cooling
Natural gas heating
Central air
Ductless cooling
Exterior features
Wood fencing in back yard (partial)
Level lot
Home design
Duplex
Block construction
Construction
Block foundation
Rubber roof
Utilities
150 amp electric service
Public water
Public sewer
Financial info
Two-unit property
Maintenance expense listed as $500
Tenants responsible for hot water and gas
Owner responsible for sewer, snow removal, water, and grounds care
Electricity and solar
View estimated energy costs and solar savings for this home
CASH ONLY. Unique two family in center square. Formerly set up as 3 apartments, with some work this building could easily serve as a large two family, ideal for an owner occupant or investor. Basement apartment currently set up for 3 bedrooms. First floor was a 3 bedroom apartment and second/third floor set up as another 2 bedroom apartment. Combine first and second floor for a 5 bedroom bi level apartment.
Global MLS #202021902
Jul 16, 2020
Pending
—
Jul 15, 2020
Listing Removed
—
Jul 7, 2020
Price Changed
$169,000
$61/sq ft
Jul 6, 2020
Listed
$150,000
$55/sq ft
Global MLS #201936654
Jan 2, 2020
Pending
—
Dec 31, 2019
Listing Removed
—
Dec 24, 2019
Listed
$129,000
$47/sq ft
Global MLS #2211788
Apr 26, 2002
Sold
$25,616
$9/sq ft
Feb 19, 2002
Listing Removed
—
Feb 14, 2002
Listed
$25,000
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$5,567
$40,800 + $163,200
$204,000
2025
$5,567 (+3.3%)
$40,800 + $163,200
$204,000
2024
$5,386 (+14.8%)
$40,800 + $163,200
$204,000
2023
$4,691 (−2.3%)
$26,200 + $92,800
$119,000
2022
$4,799 (+0.9%)
$26,200 + $92,800
$119,000
2021
$4,756 (+0.4%)
$26,200 + $92,800
$119,000
2020
$4,738 (+2.7%)
$26,200 + $92,800
$119,000
2019
$4,614 (+1.9%)
$26,200 + $92,800
$119,000
2018
$4,526 (+0.7%)
$26,200 + $92,800
$119,000
2017
$4,496 (−7.8%)
$26,200 + $92,800
$119,000
2016
$4,878 (+15.6%)
$26,200 + $92,800
$119,000
2015
$4,218 (−1.0%)
$26,200 + $104,800
$131,000
2014
$4,259
$38,700 + $76,300
$115,000
Public record
Public record
Zoning
Permits
Beds
6
Baths
2
Stories
3
Lot width
22 ft.
Lot depth
70 ft.
Lot size
1,540 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,750
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,750
Year built
1899
Style
Multi-Family (2-4 Unit)
County
Albany County
APN
010100A06508000040630000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
R-T
CS-O
HR-O
Townhouse District
The purpose of the R-T District is to provide for neighborhoods containing a blend of townhouse-style dwellings of varying sizes and configurations. These areas are often coterminous with the City designated historic districts and those areas of the City predating extensive zoning regulation. A mix of uses is permitted where the existing building typologies and built fabric of the area are consistent with such uses.
Zone overlays
Combined Sewer Overlay District
Historic Resources Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Infrastructure
Office
Park & open space
Jun 24, 2025 • Final
Plumbing & mechanical - hvac
HVAC
Jun 13, 2025 • Final
Plumbing & mechanical - plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 16 days in 30 years
3/10 Wind Factor
6% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Albany, NY • 12210
Average low and high temperatures (°F)
31
18
34
19
52
31
62
41
70
51
82
61
87
68
83
60
78
56
65
45
50
35
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 42 Spring St
$369,850
$5,050 under list price of $375K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $270K to $455K.