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 all units
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, a private back deck and patio, the main sewer line has been replaced, new hot water tanks, new kitchen appliances on 1st fl, renovated bathrooms, high end security system & Yale lock keyless entry for each unit. The list goes on and on!
With proven rental income, there's nothing left to do but start earning!
Closed
$585,000
173 Madison Avenue, Albany, NY 12202
10beds
5,250sqft
Quadruplex, Multi Family
Built in 1853
-- sqft lot
$553,600 Zestimate®
$111/sqft
$2,206 Estimated rent
Home value
$553,600
$465,000 - $637,000
$2,206/mo
Zestimate® history
Owner options
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$2,206/mo
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$2,206/mo
Rent Zestimate®
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$3,943/mo
Est. payment
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$3,943/mo
Est. payment
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List your homeWhat's special
Renovated bathroomsIn-unit washer and dryerNew hot water tanksNew kitchen appliances
Zillow last checked:
Listing updated:
Listed by:
Andrea Tallman 518-410-8050,
KW Platform
Bought with:
Eric Ptak, 10401339849
Carrow Real Estate Services LLC
Source: Global MLS,MLS#: 202428293
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Laundry: Main Level, Upper Level
Features
- Vaulted Ceiling(s), Ceiling Fan(s), High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
- Flooring: Ceramic Tile, Hardwood
- Basement: Apartment
Interior area
- Total structure area: 5,250
- Total interior livable area: 5,250 sqft
- Finished area above ground: 5,250
- Finished area below ground: 1,050
Property
Features
- Patio & porch: Rear Porch, Patio
- Exterior features: Other
- Fencing: Privacy,Other
- Has view: Yes
- View description: City
Lot
- Size: 1,742 sqft
- Features: Private
Details
- Parcel number: 010100 76.49255
- Zoning description: Mixed
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Rubber
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1853
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security System Owned, Closed Circuit Camera(s)
Location
- Region: Albany
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $585,000-10%$111/sqft |
Source:  Global MLS #202428293 Report a problem | ||
| 5/28/2025 | Pending sale | $650,000$124/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 3/17/2025 | Price change | $650,000-3.7%$124/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 3/7/2025 | Listed for sale | $675,000$129/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 1/25/2025 | Pending sale | $675,000$129/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 1/18/2025 | Price change | $675,000-3.4%$129/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 12/15/2024 | Price change | $699,000-6.8%$133/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 10/30/2024 | Listed for sale | $750,000-4.3%$143/sqft |
Source: Global MLS #202428293 Report a problem | ||
| 9/26/2023 | Listing removed | -- |
Source: Global MLS #202316528 Report a problem | ||
| 7/28/2023 | Price change | $784,000-1.3%$149/sqft |
Source: Global MLS #202316528 Report a problem | ||
| 7/8/2023 | Price change | $794,000-0.6%$151/sqft |
Source: Global MLS #202316528 Report a problem | ||
| 5/12/2023 | Listed for sale | $799,000+70%$152/sqft |
Source: Global MLS #202316528 Report a problem | ||
| 10/4/2022 | Sold | $470,000+161.1%$90/sqft |
Source: Public Record Report a problem | ||
| 8/20/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/15/2022 | Listed for rent | $3,000+215.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/18/2018 | Listing removed | $950 |
Source: Zillow Rental Manager Report a problem | ||
| 11/9/2017 | Listed for rent | $950 |
Source: Zillow Rental Manager Report a problem | ||
| 2/17/2010 | Sold | $180,000-28.7%$34/sqft |
Source: Global MLS #29109991 Report a problem | ||
| 8/26/2005 | Sold | $252,500+328%$48/sqft |
Source: Public Record Report a problem | ||
| 6/18/2001 | Sold | $59,000+25.3%$11/sqft |
Source: Public Record Report a problem | ||
| 11/13/1997 | Sold | $47,100-70.5%$9/sqft |
Source: Public Record Report a problem | ||
| 5/15/1997 | Sold | $159,620$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $473,000 |
| 2024 | -- | $473,000 +142.6% |
| 2023 | -- | $195,000 |
| 2022 | -- | $195,000 |
| 2021 | -- | $195,000 |
| 2020 | -- | $195,000 |
| 2019 | -- | $195,000 |
| 2018 | -- | $195,000 |
| 2017 | $7,338 +11.9% | $195,000 |
| 2016 | $6,556 | $195,000 +21.9% |
| 2015 | -- | $160,000 |
| 2014 | -- | $160,000 |
| 2012 | -- | $160,000 -18.5% |
| 2011 | -- | $196,200 |
| 2010 | -- | $196,200 |
| 2009 | -- | $196,200 |
| 2008 | -- | $196,200 |
| 2007 | -- | $196,200 +108.1% |
| 2006 | -- | $94,300 |
| 2005 | -- | $94,300 |
| 2004 | -- | $94,300 |
| 2003 | -- | $94,300 -18.4% |
| 2002 | -- | $115,600 |
| 2001 | -- | $115,600 |
| 2000 | -- | $115,600 |
Find assessor info on the county website
Neighborhood: 12202
Nearby schools
GreatSchools rating
- 2/10Giffen Memorial Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Stephen And Harriet Myers Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- High: Albany
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Albany County
- Albany
- 12202
- 173 Madison Avenue
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