865 Madison Ave Albany, NY 12208
Pine Hills NeighborhoodEstimated payment $3,948/month
Highlights
- Wood Flooring
- No HOA
- Porch
- Albany High School Rated A-
- 4 Car Detached Garage
- 2-minute walk to Madison Avenue Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,166
Year Built
- Built in 1900
Parking
- 4 Car Detached Garage
- Open Parking
- Off-Street Parking
Home Design
- Asbestos Shingle Roof
- Rubber Roof
- Aluminum Siding
- Vinyl Siding
- Clapboard
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- Bathroom on Main Level
- 7 Full Bathrooms
Schools
- Albany High School
Utilities
- No Cooling
- Radiant Heating System
- Baseboard Heating
Additional Features
- Porch
- 5,663 Sq Ft Lot
- Unfinished Basement
Community Details
- No Home Owners Association
- 7 Units
Listing and Financial Details
- Legal Lot and Block 26.000 / 4
- Assessor Parcel Number 010100 65.61-4-26
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,231 | $443,000 | $26,700 | $416,300 |
| 2024 | $15,231 | $443,000 | $26,700 | $416,300 |
| 2023 | $9,250 | $186,900 | $26,700 | $160,200 |
| 2022 | $9,823 | $186,900 | $26,700 | $160,200 |
| 2021 | $9,603 | $186,900 | $26,700 | $160,200 |
| 2020 | $8,994 | $186,900 | $26,700 | $160,200 |
| 2019 | $7,358 | $186,900 | $26,700 | $160,200 |
| 2018 | $8,549 | $186,900 | $26,700 | $160,200 |
| 2017 | $3,324 | $186,900 | $26,700 | $160,200 |
| 2016 | $8,845 | $186,900 | $26,700 | $160,200 |
| 2015 | $9,114 | $186,900 | $12,800 | $174,100 |
| 2014 | -- | $186,900 | $12,800 | $174,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | Price Changed | $599,900 | -11.8% | $113 / Sq Ft | |
| 03/27/2026 03/27/26 | For Sale | $679,900 | +54.5% | $128 / Sq Ft | |
| 01/12/2021 01/12/21 | Sold | $440,000 | +62757.1% | $88 / Sq Ft | View Prior Sale |
| 07/26/2020 07/26/20 | Pending | -- | -- | -- | |
| 07/01/2020 07/01/20 | Rented | $700 | 0.0% | -- | |
| 06/28/2020 06/28/20 | For Rent | $700 | 0.0% | -- | |
| 06/23/2020 06/23/20 | For Sale | $459,000 | 0.0% | $92 / Sq Ft | |
| 02/28/2020 02/28/20 | Rented | $725 | 0.0% | -- | |
| 02/17/2020 02/17/20 | Under Contract | -- | -- | -- | |
| 02/07/2020 02/07/20 | For Rent | $725 | -27.5% | -- | |
| 10/06/2019 10/06/19 | Rented | $1,000 | 0.0% | -- | |
| 08/08/2019 08/08/19 | For Rent | $1,000 | +42.9% | -- | |
| 01/29/2019 01/29/19 | Rented | $700 | 0.0% | -- | |
| 11/08/2018 11/08/18 | For Rent | $700 | -30.0% | -- | |
| 09/01/2018 09/01/18 | Rented | $1,000 | 0.0% | -- | |
| 07/29/2018 07/29/18 | Under Contract | -- | -- | -- | |
| 07/22/2018 07/22/18 | For Rent | $1,000 | +8.1% | -- | |
| 08/21/2017 08/21/17 | Rented | $925 | 0.0% | -- | |
| 08/03/2017 08/03/17 | For Rent | $925 | -- | -- |
Source: Global MLS
MLS Number: 202613988
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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