865 Madison Avenue, Albany, NY, 12208
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
Very Walkable
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,527 | $30,324 |
| Home Insurance * | $197 | $2,364 |
| Property Taxes | $708 | $8,496 |
| Electricity | $875 | $10,506 |
| Total | $4,307 | $51,684 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-07 | Price change | $599,900 |
| 2026-03-27 | Listed for sale | $679,900 |
| 2021-01-12 | Sold | $440,000 |
| 2020-09-08 | Contingent | $459,000 |
| 2020-07-29 | Pending sale | $459,000 |
| 2020-07-02 | Listing removed | $700 |
| 2020-06-30 | Listed for rent | $700 |
| 2020-06-23 | Listed for sale | $459,000 |
| 2020-04-01 | Listing removed | $459,000 |
| 2020-03-07 | Price change | $459,000 |
| 2020-02-17 | Listing removed | $725 |
| 2020-02-08 | Listed for rent | $725 |
| 2019-12-15 | Pending sale | $500,000 |
| 2019-11-04 | Listed for sale | $500,000 |
| 2019-10-08 | Listing removed | $1,000 |
| 2019-08-09 | Listed for rent | $1,000 |
| 2019-01-30 | Listing removed | $700 |
| 2018-11-09 | Listed for rent | $700 |
| 2018-08-01 | Listing removed | $1,000 |
| 2018-07-22 | Listed for rent | $1,000 |
| 2017-08-21 | Listing removed | $925 |
| 2017-08-04 | Listed for rent | $925 |
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