361 Madison Avenue

Albany, NY 12210

$349,900
Price
6
Beds
3
Baths
2,034 Sq. Ft.
$172 / Sq. Ft.
2,034
Sq. Ft.
$172
per Sq. Ft.

Description

This property is a 3 Unit Building located in the highly sought after Center Square neighborhood. Within a short walk to Lark St, Washington Park, Empire State Plaza, and all that Downtown Albany has to offer! Currently 1/3 units are rented in the building, allowing for a great owner occupied opportunity OR a great opportunity for an investor to place their own tenants at market rents. Once fully occupied this property as the potential to bring in roughly $45,600 per year in gross rent. This property...This property is a 3 Unit Building located in the highly sought after Center Square neighborhood. Within a short walk to Lark St, Washington Park, Empire State Plaza, and all that Downtown Albany has to offer! Currently 1/3 units are rented in the building, allowing for a great owner occupied opportunity OR a great opportunity for an investor to place their own tenants at market rents. Once fully occupied this property as the potential to bring in roughly $45,600 per year in gross rent. This property can be sold as well with 363 Madison if an investor was interested in packaging both together. Rear Garage is to be sold ''as is''.
  1. Listed by Giovanni Lisi • Core Real Estate Team

Property Details for 361 Madison Avenue

Architectural Style
Traditional
Waterfront
No
Parking Total
2.00
LISTING UPDATED: 02/02/2025 11:05 AM

Property Details for 361 Madison Avenue

StatusPending
MLS #202510738
Days on Market15
Taxes$6,482 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1885
Lot Size0.05 AC / 2,178 SF
CountyAlbany County

Building Information for 361 Madison Avenue

Stories-Residences-Year Built1885Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 361 Madison Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Between Dove Street and S Swan Street
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12210
  • County Or Parish: Albany
  • Latitude: 42.65
  • Longitude: -73.76
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 010100 76.32-3-62
  • Tax Annual Amount: $6,482.00
Parking
  • GarageSpaces: 2.00
  • Attached Garage: No
  • Parking Features: Off Street, Detached
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1885
  • Above Grade Finished Area: 2034.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Units: Acres
  • Lot Size Square Feet: 2178.0
Building Information
  • Living Area: 2034.0
Utilities
  • Water Source: Public
  • Separate Utilities : Number Of Separate Electric Meters: 3
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
Interior Features
  • Heating: Hot Water, Natural Gas
  • Roof: Rubber
  • Flooring: Vinyl, Laminate
  • Basement: Apartment, Full, Walk-Out Access
  • Construction Materials: Brick, Wood Siding
  • Cooling: None
  • Cooling: No
  • Heating: Yes
  • Attic Features : None: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Notational: 3.00
  • Bedrooms Total: 6
  • Bathrooms Full: 3
  • Bathrooms Half: 0
Multi Family
Income & Expenses Information
  • Income And Expenses : Rental Income: $45,600.00
  • Income And Expenses : Rental Income Description: Actual
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Bedrooms In Basement: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths In Basement: 1
Unit 2
  • Rent: $1,400.00
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Bedrooms on 1st Floor: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 1st Floor: 1
Unit 3
  • Rent: $1,400.00
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Bedrooms on 2nd Floor: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 2nd Floor: 1

Property History for 361 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 361 Madison Avenue

Taxable ValueLand$29,400Additions$117,600Total$147,000
Home Facts
Baths3Total Finished SqFt2,034 SqFtAbove Grade Finished SqFt2,034 SqFtStories3Lot Size2,085 SqFtStyleTriplexYear Built1885ZoningR2CCountyALBANYAPN010100 76.32-3-62

Schools near 361 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.

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Listing Courtesy of Core Real Estate Team

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