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865 Madison Avenue, Albany, NY, 12208

9beds
7baths
5,298sqft
$599,900
$113price/sqft
$4,994/moest. monthly cost
$199,760/yrincome needed

About This Home

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.

Getting Around

85
WalkingVery Walkable
58
TransitGood Transit
67
BikeBikeable

Schools

4/10
4/10
Albany High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Rubber,Asbestos Shingle
  • Construction materials: Aluminum Siding,Clapboard,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 7
  • Full bathrooms: 7

Features

  • Flooring: Vinyl,Hardwood
  • Finished area below ground: 2,124
  • Finished area above ground: 5,298

Heating & Cooling

  • Heating features: Baseboard,Radiant,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 5,298
  • Total interior livable area: 5,298 sqft

Property

Details

  • Parcel number: 010100 65.61426
  • Attached to another structure: Yes
  • Special condition: Other

Features

  • Patio & porch: Porch
  • Exterior features: None

Lot

  • Lot size: 5,662 sqft

Parking

  • Total spaces: 4
  • Parking features: Off Street,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4