$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
Status: Closed
Property Sub Type: Quadruplex
Original List Price: 750000
Sold Price: $585,000
Current Price: $585,000
Listing Contract Date: 2024-10-30
List Price/SqFt: 123.81
Location
Street Number: 173
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
City/Town (Mail): Albany
Geo Lat: 42.646881
Geo Lon: -73.75759
Property Detail
Rooms Total: 18
Bedrooms Total: 10
Bathrooms Full: 4
Year Built: 1853
Above Grade Finished Area: 5250
Above Grade Finished Area Source: CRS
Below Grade Finished Area: 1050
Below Grade Finished Area Source: CRS
Living Area: 5250
Zoning: Mixed
Deed Restrictions: No
Lot Size Acres: 0.04
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2025-08-23
Under Contract Date: 2025-05-25
Sold Date: 2025-08-22
Sold Price: $585,000
Sold Price/SqFt: 111.43
Financial Details
General Taxes: 3.63
General Taxes Description: Actual
School Taxes: 10003.75
School Taxes Description: Actual
Bath Levels
Full Bath 1: Basement
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 3rd
Photos - the contractual owner of the photos
Photo Owner: Broker
Separate Utilities
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
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
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
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
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 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
