new - 8 hours on rocket

173 Madison Ave, Albany, NY, 12202

$750,000

Home List Price

$8,906*

Closing Credit

10 Bedrooms
4 Full Baths
5,250 SqFt
$143/SqFt
Multi

Location

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173 Madison Ave, Albany$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1853
HeatingBaseboard, Electric
CoolingNone
ViewCity
MLS #202428293
Lot Size0.04 Acres
StatusActive

About 173 Madison Ave

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1853
  • Living Area: 5,250 SqFt

Listing Office:

  • Office Name: KW Platform
  • Office Phone: (518) 724-5800
  • Listing Agent: Andrea Tallman

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Other, Vaulted Ceiling(s), Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Privacy Fence, Other, Porch, Patio

Lot Features

Lot Information:

  • Lot: Private
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric
  • Cooling: None

Other

Directions Information:

  • Directions: Madison Avenue just east of Empire State Plaza

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $143/SqFt

Tax Information:

  • Annual Amount: $7,993
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albany, NY.

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Albany, NY

City

Med. Sold Price

$284.8K

Med. Price/SqFt

$177

Avg. Days On Market

17

# of Sold Homes

104

173 Madison Ave vs Albany

1 DAY ON ROCKET

-16 Days

$750,000

+$465.1K More

$143/SqFt

-$34 Less

KEY TAKEAWAY

This property is $465.1K more than the Median Sold Price and $34/SqFt less than other homes in Albany, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202428293

Listing Office:

  • Office Name: KW Platform
  • Office Phone: (518) 724-5800
  • Listing Agent: Andrea Tallman

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 10/30/2024, 5:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 05, 2010Home Sold
$180,000
Aug 26, 2005Home Sold
$252,500
May 10, 2004Home Sold
$45,500

Tax History

YEARPROP. TAXASSESSMENT
2020$7,993$195,000
2019$10,907$195,000
2018$8,296$195,000
2017$10,877$195,000

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-396816
1
/10

  • Giffen Memorial Elementary School

  • 274 S Pearl St

  • 0.40 miles

  • Public District Grades PK-6

school-card-donut-396817
6
/10

  • Thomas S O'Brien Academy of Science & Technology

  • 94 Delaware Ave

  • 0.61 miles

  • Public Magnet Grades PK-5

school-card-donut-396818
5
/10

  • Delaware Community School

  • 43 Bertha St

  • 1.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,065. Residents of Albany, NY typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Albany County›Albany›12202›173 Madison Ave

This home is located at 173 Madison Ave in Albany, NY and zip code 12202 in the Mansion neighborhood. This 5,250 square foot home, which was built in 1853, sits on a 0.04 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $750,000.

Over 48 listings were sold over their listed price in September 2024 in Albany, NY. In the same period over 42 listings were sold below the listed price and 14 listings were sold for the listed price. The inventory of homes for sale in Albany, NY between August 2024 and September 2024 decreased by 7.4%. The median list price of listings available in September 2024 was $284,875, while the average time on the real estate market was 17 days.

From Rocket Homes Real Estate and based on county public records data.

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