Albany, NY 12203 · Albany County

This 10-bedroom, 10-bath multi-family property on Western Avenue offers flexible income potential in Albany's vibrant urban center. Built in 1900 and spanning 3,414 square feet, the home features gas fireplaces throughout, an updated kitchen, and multiple en-suite bedrooms across three floors, plus a basement with additional income possibilities. Recent upgrades include a newer roof and nine-year-old boiler, along with an interconnected fire system and rooftop deck. The location provides walkable access to Madison Avenue dining and shops, proximity to SUNY campuses, and convenient connections to downtown Albany's museums, restaurants, and cultural attractions.
This investment opportunity in a prime location has so many possibilities! Featuring 10 Bedrooms and 10 full bathrooms located across from the Madison corridor, 531 western ave is perfect for student housing, group housing, or a bed and breakfast for tourists and visiting state workers! This property offers an updated eat in kitchen, a living room, 2 bedrooms with en-suites and a common bathroom with laundry on the first floor. On the second floor, you'll find five bedrooms with en-suites and on the third floor, three additional bedrooms with a common bathroom. Additional features include gas fireplaces in all bedrooms and the living room, a nine-year-old boiler, a newer roof and interconnected fire system a covered front porch and side porch, off-street parking, the potential for additional income in the basement and a rooftop deck! All this and its walkable to Café Madison, Juniors, the Madison Pourhouse, Curry House, grocery shopping, it is situated between the uptown and downtown SUNY campuses and is just minutes to everything downtown Albany has the offer. Don't miss out on this incredible investment opportunity!
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Albany is in Albany County, NY. There are currently 253 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 92% above the Albany median of $325,000.
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Gabler Realty LLC · Listed by Rebecca L Cavalieri (24126)
Contact: 518-210-4916
MLS #202625152 · Source: Global MLS, Inc.
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Activity across 2 MLS listings of this property.
Real numbers from current MLS data. Not a third-party estimate.