$529,900
Albany, NY 12208
MLS# 202613988
9 beds
1 / 21
Property Description
Located near the former College of Saint Rose campus, this Albany multi-family property presents a solid opportunity with strong rental potential. The building includes 5 one-bedroom apartments and 2 two-bedroom apartments, offering a desirable apartment mix for steady income. While the property could benefit from some light updates, it provides excellent upside for investors. Features include hardwood floors throughout the first and second levels, a rear garage, and 4 off-street parking spaces. The property is in good overall condition--an excellent value-add opportunity with long-term potential.
Details
Maps
Documents
Contract Information
Original List Price: 679900
List Price/SqFt: 100.02
Status: Active
Property Sub Type: Multi Family
List Price: $529,900
Current Price: $529,900
Listing Contract Date: 2026-03-26
Location
City/Town (Mail): Albany
Street Number: 865
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
Geo Lat: 42.661346
Geo Lon: -73.782527
Property Detail
Number Of Units Total: 7
Rooms Total: 16
Bathrooms Half: 0
Garage Spaces: 4
Above Grade Finished Area: 5298
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 2124
Below Grade Finished Area Source: CRS
Living Area: 5298
Lot Size Acres: 0.13
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 9
Bathrooms Full: 7
Year Built: 1900
Parcel, Tax, HOA
Parcel Number: 010100 65.61-4-26
Tax Annual Amount: 9166.13
Tax Section: 65.61
Total Taxes Description: Estimated
Tax Block: 4
Tax Lot: 26.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Take I-787 S, Take exit 3B toward Port of Albany/US-20 W/Madison Ave., Continue on Madison Ave.
Public Remarks: Located near the former College of Saint Rose campus, this Albany multi-family property presents a solid opportunity with strong rental potential. The building includes 5 one-bedroom apartments and 2 two-bedroom apartments, offering a desirable apartment mix for steady income. While the property could benefit from some light updates, it provides excellent upside for investors. Features include hardwood floors throughout the first and second levels, a rear garage, and 4 off-street parking spaces. The property is in good overall condition--an excellent value-add opportunity with long-term potential.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Cooling
None: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 1st
Full Bath 6: 3rd
Full Bath 7: 3rd
Construction Materials
Aluminum Siding: 1
Clapboard: 1
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Hardwood: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Special Listing Conditions
Other: 1
Roof
Asbestos Shingle: 1
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Natural Gas: 1
Radiant: 1
Parking Features
Parking Total: 4
Detached: 1
Garage: 1
Off Street: 1
Patio And Porch Features
Porch: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1295
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1R
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1025
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Occupant Type MF Unit 3: Vacant
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 805
Rent Desc. MF Unit 4: Actual
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1st
Monthly Rent MF Unit 5: 905
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 3rd
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 845
Rent Desc. MF Unit 6: Actual
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 3rd
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 1025
Rent Desc. MF Unit 7: Actual
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Unit 7 Owner Furnish Features
Sewer: 1
Trash: 1
Water: 1
Status Change Info
Status Change Date: 2026-03-26
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Unfinished
Construction Materials: Aluminum Siding; Clapboard; Vinyl Siding
Cooling: None
Exterior Features: None
Flooring: Hardwood; Vinyl
Heating: Baseboard; Natural Gas; Radiant
Parking Features: Detached; Garage; Off Street
Patio And Porch Features: Porch
Possession: At Closing
Roof: Asbestos Shingle; Rubber
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Other
Tenant Pays: Electricity; Gas; Heat; Hot Water; Internet
Water Source: Public
Unit 1 Owner Furnish Features: Sewer; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Trash; Water
Unit 3 Owner Furnish Features: Sewer; Trash; Water
Unit 4 Owner Furnish Features: Sewer; Trash; Water
Unit 5 Owner Furnish Features: Sewer; Trash; Water
Unit 6 Owner Furnish Features: Sewer; Trash; Water
Unit 7 Owner Furnish Features: Sewer; Trash; Water
City taxes 
Listing Courtesy of Wagner Real Estate Group
Listing Agent: Philip W Wagner
518-378-5741 | pwagner518@gmail.com
518-378-5741 | pwagner518@gmail.com