$499,900
Albany, NY 12208
MLS# 202613988
Status: Pending
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
Status: Pending
Property Sub Type: Multi Family
Original List Price: 679900
List Price: $499,900
Current Price: $499,900
Listing Contract Date: 2026-03-26
List Price/SqFt: 94.36
Location
Street Number: 865
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
City/Town (Mail): Albany
Geo Lat: 42.661346
Geo Lon: -73.782527
Property Detail
Number Of Units Total: 7
Rooms Total: 16
Bedrooms Total: 9
Bathrooms Full: 7
Year Built: 1900
Garage Spaces: 4
Above Grade Finished Area: 5298
Above Grade Finished Area Source: CRS
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
Parking Y/N: Yes
Status Change Info
Status Change Date: 2026-09-08
Under Contract Date: 2026-09-07
Proposed Closing Date: 2026-11-23
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
Photos - the contractual owner of the photos
Photo Owner: Broker
Parking Features
Parking Total: 4
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
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
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
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
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
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
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
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
