865 Madison Avenue, Albany, NY 12208, Albany

$ 509,900

Overview

  • Updated On:
  • July 8, 2026
  • 9
  • Bedrooms
  • 7
  • Bathrooms
  • 5,298 ft2
  • Property Size

Description

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.

Address: 865 Madison Avenue, Albany, NY 12208
City:
State/County:
Zip: 12208
Country: United States

Property Id: 515390
Price: $ 509,900
Property Size: 5,298 ft2
Property Lot Size: 0 ft2
Bedrooms: 9
Bathrooms: 7
Listing Agent Email: pwagner518@gmail.com
Listing Agent: Philip W Wagner
Listing Agent Phone: 518-378-5741
Listing Office: Wagner Real Estate Group

Other Features
Has Heating System
None
Open Parking

$ 2,614.36
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,976.98

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Colin McDonald

Broker Owner

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Colin McDonald