Sharon FronkRealtor® · Howard Hanna
LoadingActive
$10,000 price cut · was $509,900
$499,900
865 Madison Avenue
Albany, NY 12208 · Albany County
9Beds
7Baths
5,298Sq Ft
0.13 acresLot Size
1900Year Built
$94Per Sq Ft
Est. P&I $2,528/moGet pre-qualified
Multi-Family 156 days on market
MLS# 202613988 Updated 4 weeks ago
Sharon’s Take
This nine-bedroom, seven-bath multi-family property in Albany comprises five one-bedroom units and two two-bedroom apartments, positioned near the former College of Saint Rose campus. Built in 1900 and spanning 5,298 square feet on a 0.13-acre lot, the building features hardwood flooring on the first and second levels, a detached four-car garage with off-street parking, and a natural gas heating system. The unfinished basement offers additional development potential. Albany's vibrant downtown includes extensive dining, museums, and cultural attractions, with convenient access to the Adirondacks and commuter routes throughout the Capital Region.
Sharon Fronk · Howard Hanna Capital Region
About this property
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.
Is it priced right?
The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Price per sq ft
$94
Days on market
156
Price reduced
$10,000
from $509,900
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the compsProperty details
23 facts pulled straight from the MLS listing.
Overview
Property TypeMulti-Family
Sub-TypeMulti Family
Year Built1900
Days on Market156
StatusActive
MLS Number202613988
ListedMarch 27, 2026
Interior
Bedrooms9
Bathrooms7 full
Living Area5,298 sq ft
Below-Grade Finished2,124 sq ft
Interior Features
Unfinished BasementBaseboardRadiantNatural GasVinylHardwood
Exterior & Lot
Lot Size0.13 acres
Exterior Features
Garage4 Car GarageOff StreetDetached
Building & Construction
Construction
Aluminum SidingClapboardVinyl Siding
Financial
List Price$499,900
Price per Sq Ft$94
Est. Monthly P&I$2,528/mo
Location
CountyAlbany
School DistrictAlbany
Listing Details
Listed ByPhilip W Wagner of Wagner Real Estate Group
Data SourceSpark Platform / Global MLS
Last UpdatedJul 29, 2026
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- Start865 Madison Avenue, Albany, NY 12208
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Schools
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Albany
Assigned school district
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About Albany, NY
Albany is in Albany County, NY. There are currently 254 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 56% above the Albany median of $320,000.
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Wagner Real Estate Group · Listed by Philip W Wagner (4407)
Contact: 518-378-5741
MLS #202613988 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
