173 Madison Avenue

Albany, NY 12207

$750,000
Price
10
Beds
4
Baths
5,250 Sq. Ft.
$143 / Sq. Ft.
5,250
Sq. Ft.
$143
per Sq. Ft.

Description

Prime Investment Opportunity at 173 Madison Avenue! Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in 3 units, and a successful short-term rental in the 4th. This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added perks like in-unit washer and dryer in two units, plus a private back deck and patio for guests and tenants. With proven...Prime Investment Opportunity at 173 Madison Avenue! Step into a seamless income-generating asset with this fully furnished 4-unit property, featuring 10 bedrooms, long-term stable tenants in 3 units, and a successful short-term rental in the 4th. This turnkey property is ideally located minutes from Empire Plaza and the Capitol, ensuring high rental demand year-round. Enjoy added perks like in-unit washer and dryer in two units, plus a private back deck and patio for guests and tenants. With proven rental income, there's nothing left to do but start earning. Don't miss out on this exceptional investment in Albany's most sought-after rental location!
  1. Listed by Andrea Tallman • KW Platform

Property Details for 173 Madison Avenue

View
City
Architectural Style
Other
Zoning
Mixed
Waterfront
No
LISTING UPDATED: 10/30/2024 11:22 AM

Property Details for 173 Madison Avenue

StatusActive
MLS #202428293
Days on Market1
Taxes$13,633 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Quadruplex
Year Built1853
Lot Size0.04 AC / 1,742 SF
CountyAlbany County

Building Information for 173 Madison Avenue

Stories-Residences-Year Built1853Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 173 Madison Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Madison Avenue just east of Empire State Plaza
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12202
  • County Or Parish: Albany
  • Latitude: 42.65
  • Longitude: -73.76
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 55.000
  • Tax Block: 2
  • Parcel Number: 010100 76.49-2-55
  • Tax Tract: 76.49
  • Tax Annual Amount: $13,632.52
Parking
  • GarageSpaces: .00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Lot Features: Private
  • Year Built: 1853
  • New Construction: No
  • Above Grade Finished Area: 5250.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 1050.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1742.4
Building Information
  • Living Area: 5250.0
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 4
  • Separate Utilities : Number Of Separate Gas Meters: 4
Interior and Exterior Features
Exterior Features
  • Security Features: Closed Circuit Camera(s)
  • Patio And Porch Features: Rear Porch, Patio
  • Fencing: Privacy, Other
  • Laundry Features: Main Level, Upper Level
Interior Features
  • Interior Features: Other, Vaulted Ceiling(s), Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
  • Heating: Baseboard, Electric
  • Roof: Rubber
  • Flooring: Ceramic Tile, Hardwood
  • Electric: True
  • Basement: Apartment
  • Construction Materials: Brick
  • Cooling: None
  • Cooling: No
  • Heating: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Attic Features : No Attic Access: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 4
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Notational: 4.00
  • Bedrooms Total: 10
  • Bathrooms Full: 4
  • Bathrooms Half: 0
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 2
  • Rent: $1,500.00
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Includes : Washer Hookup: Yes
  • Unit Detail : Total Bedrooms: 2
Unit 3
  • Rent: $1,800.00
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 3
Unit 4
  • Rent: $2,000.00
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 3
Unit 5
  • Unit Includes : Washer Hookup: Yes
Rental
Rental Information
  • Owner Pays: Trash Collection, Sewer, Snow Removal

Property History for 173 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 173 Madison Avenue

Taxable ValueLand$16,200Additions$178,800Total$195,000
Home Facts
Baths3Total Finished SqFt6,300 SqFtAbove Grade Finished SqFt5,250 SqFtFinished Basement SqFt1,050 SqFtStories3Lot Size1,525 SqFtStyleOffice BuildingYear Built1853ZoningC1CountyALBANYAPN010100 76.49-2-55

Schools near 173 Madison Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Giffen Memorial Elementary School
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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173 Madison Avenue is a multi-family home for sale in Albany, NY 12207. This property was listed for sale on October 30, 2024 by KW Platform, it's currently listed at $750,000. It has been on the market for a total of 1 days and was last sold on February 17, 2010. This listing's school district is Albany City School District. Nearby schools include Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School and Albany High School. 173 Madison Avenue is a 10-bed, 4-bath, 5,250 sqft multi-family home built in 1853.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Platform

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