$239,900
Albany, NY 12208
MLS# 202616661
Status: Pending
5 beds
1 / 11
Property Description
Great investment opportunity in a PRIME Albany Location. Situated right across from Madison Theater and within walking distance to shops, parks, hospitals, and all the entertainment Madison Ave has to offer! With the upstairs unit lease ending August 1st and charged below market rent, this versatile duplex offers immediate income and strong upside potential. The first-floor unit features hardwood floors and a practical, functional layout. Upstairs, you'll find a spacious 4-bed, 1-bath unit highlighted by an airy living room with high ceilings and oversized windows that flood the space with natural light. Additional perks include separate utilities and a fenced-in backyard. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property delivers flexibility, value, and income growth potential. Pictures are from when property was vacant. Sold ''as-is.'' Schedule your showing today!
Details
Maps
Contract Information
Original List Price: 250000
List Price/SqFt: 117.02
Status: Pending
Property Sub Type: Duplex
List Price: $239,900
Current Price: $239,900
Listing Contract Date: 2026-05-07
Location
City/Town (Mail): Albany
Street Number: 1061
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
Geo Lat: 42.665043
Geo Lon: -73.789108
Property Detail
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2050
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2050
Lot Size Dimensions: 33x100
Lot Size Acres: 0.08
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 2
Year Built: 1900
Status Change Info
Proposed Closing Date: 2026-07-30
Status Change Date: 2026-05-31
Under Contract Date: 2026-05-29
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 64.59-2-17
Tax Annual Amount: 6520.31
Tax Section: 64.59
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 17.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Madison Ave between Main and West Lawrence
Public Remarks: Great investment opportunity in a PRIME Albany Location. Situated right across from Madison Theater and within walking distance to shops, parks, hospitals, and all the entertainment Madison Ave has to offer! With the upstairs unit lease ending August 1st and charged below market rent, this versatile duplex offers immediate income and strong upside potential. The first-floor unit features hardwood floors and a practical, functional layout. Upstairs, you'll find a spacious 4-bed, 1-bath unit highlighted by an airy living room with high ceilings and oversized windows that flood the space with natural light. Additional perks include separate utilities and a fenced-in backyard. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property delivers flexibility, value, and income growth potential. Pictures are from when property was vacant. Sold ''as-is.'' Schedule your showing today!
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
150 Amp Service: 1
Fencing
Back Yard: 1
Wood: 1
Financial Details
General Taxes: 3136.42
General Taxes Description: Actual
School Taxes: 3383.89
School Taxes Description: Actual
Attic Features
Finished: 1
Full: 1
Cooling
None: 1
Basement
Full: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Lot Features
Level: 1
Construction Materials
Vinyl Siding: 1
Door Features
Sliding Doors: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Duplex Type
Up And Down: 1
Flooring
Hardwood: 1
Laminate: 1
Tile: 1
Showing Requirements
Call Listing Agent: 1
Lockbox: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Roof
Asphalt: 1
Water Source
Public: 1
Foundation Details
Block: 1
Heating
Forced Air: 1
Natural Gas: 1
Income And Expenses
Rental Income Description: Actual
Electric Expense: 125
Electric Expense Description: Actual
Total Income: 26400
Gas Expense: 125
Gas Expense Description: Actual
Miscellaneous Expense: 60
Water Sewer Expense: 0
Interior Features
Built-in Features: 1
Laundry Features
In Basement: 1
Parking Features
None: 1
Patio And Porch Features
Front Porch: 1
Levels
Two: 1
Security Features
Carbon Monoxide Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tenant Pays
Electricity: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 800
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Rent: 800
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Bedrooms: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd
Monthly Rent MF Unit 2: 1600
Rent Desc. MF Unit 2: Estimated
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 4
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1600
Rent Description Unit 2: Estimated
Lease Term Unit 2: Month To Month
Total Bedrooms: 4
Property Features
Architectural Style: Traditional
Attic Features: Finished; Full
Basement: Full; Unfinished
Construction Materials: Vinyl Siding
Cooling: None
Door Features: Sliding Doors
Duplex Type: Up And Down
Electric: 150 Amp Service
Exterior Features: None
Fencing: Back Yard; Wood
Flooring: Hardwood; Laminate; Tile
Foundation Details: Block
Heating: Forced Air; Natural Gas
Interior Features: Built-in Features
Laundry Features: In Basement
Levels: Two
Lot Features: Level
Parking Features: None
Patio And Porch Features: Front Porch
Possession: At Closing
Roof: Asphalt
Security Features: Carbon Monoxide Detector(s)
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Lockbox; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas
Utilities: Cable Available
Water Source: Public
Listing Courtesy of Miranda Real Estate Group Inc
Listing Agent: Christopher Maley
518-698-5669 | chrismaleyrealestate@gmail.com
518-698-5669 | chrismaleyrealestate@gmail.com