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1009 N Madison St, Albany, GA, 31701

2beds
2baths
950sqft
$244,900
$258price/sqft
$2,578/moest. monthly cost
$103,120/yrincome needed

About This Home

GREAT INVESTMENT PROPERTY WITH HUGE RETURN!!! THIS PROPERTY FEATURES ONE BEDROOM ONE BATH UNIT WITHIN WALKING DISTANCE TO THE HOSPITAL!!!! EACH UNIT COMES FURNISHED AND READY FOR NEW OWNER TO HIT THE GROUND RUNNING WITH 2400.00 A MONTH RENTAL INCOME, THESE UNITS STAY RENTED!!!! LOW MAINTENACE PROPERTY WITH PLENTY OF ROOM TO ADD MORE!!! CALL AN AGENT TODAY FOR A GREAT RETURN ON YOUR INVESTMENT!!!!!!

Getting Around

41
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

2/10
4/10
Albany Middle SchoolGrades 6-82.9 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Crawl Space
  • Roof: Architectural
  • Construction materials: Brick,HardiPlank Type,HardiPlank Type Trim

Type & Style

  • Home type: SingleFamily
  • Property subType: Detached Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range Hood,Refrigerator Icemaker,Stove/Oven Electric

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Newly Painted,High Speed Internet,Walls (Sheet Rock)
  • Window features: Mini Blinds,No Window Treatments,Double Pane Windows,Storm Panels
  • Flooring: Ceramic Tile,Carpet

Heating & Cooling

  • Heating features: Heat: Central Electric
  • Cooling features: A/C: Central Electric,Ceiling Fan(s)

Interior Area

  • Total structure area: 950
  • Total interior livable area: 950 sqft

Property

Details

  • Parcel number: 000FF/00037/014
  • Attached to another structure: Yes

Features

  • Stories: 1
  • Patio & porch: Porch Covered
  • Fencing: Privacy
  • Waterfront features: None

Lot

  • Lot size: 0.45 Acres
  • Features: Corner Lot,Curb & Gutter,Wooded

Parking

  • Total spaces: 4
  • Parking features: Other-See Remarks,Street Only
  • Has uncovered spaces: Yes

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
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters Across Georgia Counties

Hurricane
Tropical Storm

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

MonthlyAnnual
Mortgage $1,238$14,856
Home Insurance *$877$10,524
Property Taxes $244$2,928
Electricity $219$2,637
Total$2,578$30,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,388/yr
40% on housing$77,340/yr
45% on housing$68,746/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

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.

Insurance Growth Rate5-year average: 3.9%
3.9%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$258This listing

vs Other Active Listings

Avg $/sqft

ZIP 31701$119
Dougherty County$81

vs Homes Sold Last Month

Median $/sqft

ZIP 31701$42
Dougherty County$55

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

DateEventPrice
2026-04-22Listed for sale$249,900
2021-03-29Sold$80,000
2016-02-26Sold$25,000
2014-10-27Sold$15,000

For Sale by Agent

AgentAustin Lawson
BrokerageSHIVER AND WILLIAMS REALTY, LLC

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