$325,000
Albany, NY 12207
MLS# 202614160
Status: Pending
5 beds
1 / 57
Property Description
39-year owner with long term tenants makes for a great investment as projected rents could approach $5,500/month with garage rented separately. Priced well below other 4-unit properties and those with similar rent potential, especially with an oversized 2-car garage accessible from the yard or Van Zandt Street. Although some apartments are listed as 1 bedroom, the tenants have elected to use them as 2 bedrooms. Seller pays approximately $3,947.16 for utilities annually (2025). Close to MVP Arena, Empire State Plaza, Albany Capital Center, Cafe Capriccio and I-87. Property was under contract for a long period of time only to have the buyers financing fail at last minute.
Details
Maps
Contract Information
Original List Price: 325000
List Price/SqFt: 74.68
Status: Pending
Property Sub Type: Quadruplex
List Price: $325,000
Current Price: $325,000
Listing Contract Date: 2026-03-31
Location
City/Town (Mail): Albany
Cross Street: Madison Avenue
Street Number: 128
Street Name: Hamilton
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12207
Geo Lat: 42.647152
Geo Lon: -73.757001
Property Detail
Rooms Total: 11
Bathrooms Half: 0
Garage Spaces: 2
Above Grade Finished Area: 4352
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 1078
Below Grade Finished Area Source: CRS
Living Area: 4352
Lot Size Dimensions: 23' x 121' x 18' x 49' x 73'
Lot Size Acres: 0.06
Main Road Frontage: 23
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 4
Year Built: 1858
Status Change Info
Proposed Closing Date: 2026-06-04
Status Change Date: 2026-04-28
Under Contract Date: 2026-04-28
Parcel, Tax, HOA
Parcel Number: 010100 76.49-2-7
Tax Annual Amount: 7591.9
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 7.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: From the Empire State Plaza take Madison Avenue east passed Eagle Street. Take 1st left on Philip Street to second right on Hamilton Street. House is on the right. Parking is on both sides of the street with some restrictions on Sunday & Monday.
Public Remarks: 39-year owner with long term tenants makes for a great investment as projected rents could approach $5,500/month with garage rented separately. Priced well below other 4-unit properties and those with similar rent potential, especially with an oversized 2-car garage accessible from the yard or Van Zandt Street. Although some apartments are listed as 1 bedroom, the tenants have elected to use them as 2 bedrooms. Seller pays approximately $3,947.16 for utilities annually (2025). Close to MVP Arena, Empire State Plaza, Albany Capital Center, Cafe Capriccio and I-87. Property was under contract for a long period of time only to have the buyers financing fail at last minute.
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Fencing
Back Yard: 1
Full: 1
Financial Details
General Taxes: 2847.37
General Taxes Description: Estimated
School Taxes: 4222.24
School Taxes Description: Estimated
Attic Features
Hatch: 1
Other: 1
Cooling
None: 1
Basement
Apartment: 1
Exterior Entry: 1
Finished: 1
Full: 1
Heated: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 3rd
Full Bath 4: Basement
Lot Features
Road Frontage: 1
Construction Materials
Brick: 1
Other Structures
Garage(s): 1
Photos - the contractual owner of the photos
Photo Owner: Photographer
Possession
At Closing: 1
Exterior Features
Garden: 1
Fireplace Features
Living Room: 1
Other: 1
Flooring
Ceramic Tile: 1
Laminate: 1
Wood: 1
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Ownership: LLC
Standard: 1
Utilities
Cable Connected: 1
Roof
Rubber: 1
View
City: 1
Water Source
Public: 1
Foundation Details
Brick/Mortar: 1
Heating
Hot Water: 1
Radiant: 1
Interior Features
Walk-In Closet(s): 1
Laundry Features
None: 1
Parking Features
Parking Total: 2
Detached: 1
Garage: 1
Off Street: 1
Other: 1
Owner Pays
Heat: 1
Other: 1
Levels
Three Or More: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Internet: 1
Other: 1
Window Features
Insulated Windows: 1
Unit Information
Number Of Refrigerators: 4
Number Of Stoves: 4
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Basement
Monthly Rent MF Unit 1: 750
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Other: 1
Refrigerator: 1
Storage: 1
Stove: 1
Unit 1 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Trash: 1
Water: 1
Unit 1 Detail
Rent: 750
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Rooms Unit 1: 3
Total Bedrooms: 1
Bedrooms In Basement: 1
Full Baths In Basement: 1
Kitchens In Basement: 1
Living Rooms In Basement: 1
Unit 1 Dining Room Type
Dining Area: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 1 Amenities
Cable Available: 1
Walk-In Closet(s): 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: First
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1500
Rent Desc. MF Unit 2: Estimated
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Trash: 1
Water: 1
Other: 1
Unit 2 Detail
Rent: 1500
Rent Description Unit 2: Estimated
Lease Term Unit 2: Month To Month
Occupant Type Unit 2: Tenant
Total Rooms Unit 2: 4
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 2 Dining Room Type
Dining Area: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 2 Amenities
Cable Available: 1
Crown Molding: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Second
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 837
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Gas: 1
Heat: 1
Hot Water: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dining Room: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 3 Detail
Rent: 837
Rent Description Unit 3: Actual
Lease Term Unit 3: Month To Month
Occupant Type Unit 3: Tenant
Total Rooms Unit 3: 4
Total Bedrooms: 1
Bedrooms on 2nd Floor: 1
Full Baths 2nd Floor: 1
Dining Rooms 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 3 Amenities
Cable Available: 1
Walk-In Closet(s): 1
Unit 3 Dining Room Type
Formal Dining Room: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: Third
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1000
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Stove: 1
Unit 4 Detail
Rent: 1000
Rent Description Unit 4: Actual
Lease Term Unit 4: Month To Month
Occupant Type Unit 4: Tenant
Total Rooms Unit 4: 4
Total Bedrooms: 1
Bedrooms on 3rd Floor: 1
Full Baths 3rd Floor: 1
Dining Rooms 3rd Floor: 1
Kitchens 3rd Floor: 1
Living Rooms 3rd Floor: 1
Unit 4 Dining Room Type
Formal Dining Room: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Oven: 1
Unit 4 Amenities
Cable Available: 1
Property Features
Architectural Style: Other
Attic Features: Hatch; Other
Basement: Apartment; Exterior Entry; Finished; Full; Heated
Construction Materials: Brick
Cooling: None
Exterior Features: Garden
Fencing: Back Yard; Full
Fireplace Features: Living Room; Other
Flooring: Ceramic Tile; Laminate; Wood
Foundation Details: Brick/Mortar
Heating: Hot Water; Radiant
Interior Features: Walk-In Closet(s)
Laundry Features: None
Levels: Three Or More
Lot Features: Road Frontage
Other Structures: Garage(s)
Owner Pays: Heat; Other
Parking Features: Detached; Garage; Off Street; Other
Possession: At Closing
Roof: Rubber
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Internet; Other
Utilities: Cable Connected
Window Features: Insulated Windows
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Other; Refrigerator; Storage; Stove
Unit 1 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Trash; Water
Unit 1 Dining Room Type: Dining Area
Unit 1 Appliances: Range; Refrigerator; Oven
Unit 1 Amenities: Cable Available; Walk-In Closet(s)
Unit 2 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Trash; Water; Other
Unit 2 Includes: Bathroom; Dining Room; Fireplace; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Dining Room Type: Dining Area
Unit 2 Appliances: Range; Refrigerator; Oven
Unit 2 Amenities: Cable Available; Crown Molding
Unit 3 Owner Furnish Features: Gas; Heat; Hot Water; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Fireplace; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Amenities: Cable Available; Walk-In Closet(s)
Unit 3 Dining Room Type: Formal Dining Room
Unit 3 Appliances: Range; Refrigerator; Oven
Unit 4 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Storage; Stove
Unit 4 Dining Room Type: Formal Dining Room
Unit 4 Appliances: Range; Refrigerator; Oven
Unit 4 Amenities: Cable Available
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Michael Keefrider
518-423-0481 | mkeefrider@yahoo.com
518-423-0481 | mkeefrider@yahoo.com
