$585,000
Albany, NY 12202
MLS# 202428293
Status: Closed
10 beds
1 / 40
Property Description
Prime Investment Opportunity at 173 Madison Avenue! Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in all units This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added perks like in-unit washer and dryer in two units, a private back deck and patio, the main sewer line has been replaced, new hot water tanks, new kitchen appliances on 1st fl, renovated bathrooms, high end security system & Yale lock keyless entry for each unit. The list goes on and on! With proven rental income, there's nothing left to do but start earning!
Details
Maps
Contract Information
Original List Price: 750000
List Price/SqFt: 123.81
Status: Closed
Property Sub Type: Quadruplex
Sold Price: $585,000
Current Price: $585,000
Listing Contract Date: 2024-10-30
Location
City/Town (Mail): Albany
Street Number: 173
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.646881
Geo Lon: -73.75759
Property Detail
Rooms Total: 18
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 5250
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 1050
Below Grade Finished Area Source: CRS
Living Area: 5250
Fireplaces Total: 0
Zoning: Mixed
Deed Restrictions: No
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 10
Bathrooms Full: 4
Year Built: 1853
Status Change Info
Sold Price/SqFt: 111.43
Status Change Date: 2025-08-23
Under Contract Date: 2025-05-25
Sold Date: 2025-08-22
Sold Price: $585,000
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.49-2-55
Tax Annual Amount: 13632.52
Tax Section: 76.49
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 55.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Madison Avenue just east of Empire State Plaza
Public Remarks: Prime Investment Opportunity at 173 Madison Avenue! Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in all units
This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added perks like in-unit washer and dryer in two units, a private back deck and patio, the main sewer line has been replaced, new hot water tanks, new kitchen appliances on 1st fl, renovated bathrooms, high end security system & Yale lock keyless entry for each unit. The list goes on and on!
With proven rental income, there's nothing left to do but start earning!
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Electric
200+ Amp Service: 1
Fencing
Privacy: 1
Other: 1
Financial Details
General Taxes: 3.63
General Taxes Description: Actual
School Taxes: 10003.75
School Taxes Description: Actual
Attic Features
No Attic Access: 1
Cooling
None: 1
Basement
Apartment: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 3rd
Lot Features
Private: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Other: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Showing Requirements
24 Hour Notice: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
View
City: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
Crown Molding: 1
High Speed Internet: 1
Paddle Fan: 1
Vaulted Ceiling(s): 1
Laundry Features
Main Level: 1
Upper Level: 1
Patio And Porch Features
Patio: 1
Rear Porch: 1
Owner Pays
Sewer: 1
Snow Removal: 1
Trash Collection: 1
Levels
Three Or More: 1
Security Features
Closed Circuit Camera(s): 1
Security System Owned: 1
Separate Utilities
Electric: 1
Gas: 1
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Property Condition
Updated/Remodeled: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: B
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1500
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1500
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Dining Room: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1800
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1900
Rent Desc. MF Unit 4: Estimated
Lease Term MF Unit 4: Other
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 3
Total Full Baths MF Unit 4: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Unit 1 Detail
Rent: 1300
Rent Description Unit 1: Actual
Lease Term Unit 1: 12 Months
Occupant Type Unit 1: Tenant
Total Bedrooms: 2
Unit 2 Detail
Rent: 1500
Rent Description Unit 2: Actual
Lease Term Unit 2: 12 Months
Occupant Type Unit 2: Tenant
Total Bedrooms: 2
Unit 3 Detail
Rent: 1800
Rent Description Unit 3: Actual
Lease Term Unit 3: 12 Months
Occupant Type Unit 3: Tenant
Total Bedrooms: 3
Unit 4 Detail
Rent: 2000
Rent Description Unit 4: Estimated
Lease Term Unit 4: Other
Occupant Type Unit 4: Tenant
Total Bedrooms: 3
Property Features
Architectural Style: Other
Attic Features: No Attic Access
Basement: Apartment
Construction Materials: Brick
Cooling: None
Electric: 200+ Amp Service
Exterior Features: Other
Fencing: Privacy; Other
Flooring: Ceramic Tile; Hardwood
Heating: Baseboard
Interior Features: Built-in Features; Ceramic Tile Bath; Crown Molding; High Speed Internet; Paddle Fan; Vaulted Ceiling(s)
Laundry Features: Main Level; Upper Level
Levels: Three Or More
Lot Features: Private
Owner Pays: Sewer; Snow Removal; Trash Collection
Patio And Porch Features: Patio; Rear Porch
Possession: At Closing
Roof: Rubber
Security Features: Closed Circuit Camera(s); Security System Owned
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Sign on Property
Special Listing Conditions: Standard
Property Condition: Updated/Remodeled
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Includes: Bathroom; Dining Room; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Includes: Bathroom; Dining Room; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Listing Courtesy of KW Platform
Listing Agent: Andrea Tallman
518-410-8050 | andreatallman@kw.com
518-410-8050 | andreatallman@kw.com
