Closed

$585,000

173 Madison Avenue, Albany, NY 12202

10beds

5,250sqft

Quadruplex, Multi Family

Built in 1853

-- sqft lot

$578,000 Zestimate^®

$111/sqft

$2,004 Estimated rent

Home value

$578,000

$514,000 - $642,000

$2,004/mo

Zestimate^® history

Owner options

List your home for rent

$2,004/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,004/mo

Rent Zestimate^®

Refinance and save

$4,128/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$4,128/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Renovated bathroomsIn-unit washer and dryerNew hot water tanksNew kitchen appliances

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!

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 Square Feet
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 & HOA

Community

Security: Security System Owned, Closed Circuit Camera(s)

HOA

Has HOA: No

Location

Region: Albany

Financial & listing details

Price per square foot: $111/sqft
Tax assessed value: $492,708
Annual tax amount: $13,632
Date on market: 3/7/2025

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