1061 Madison Avenue
Albany, NY 12208
$230,000
Great investment opportunity in a PRIME Albany Location. Situated right across from Madison Theater and within walking distance to shops, parks, hospitals, and all the entertainment Madison Ave has to offer! With the upstairs unit lease ending August 1st and charged below market rent, this versatile duplex offers immediate income and strong upside potential. The first-floor unit features hardwood floors and a practical, functional layout. Upstairs, you'll find a spacious 4-bed, 1-bath unit highlighted by an airy living room with high ceilings and oversized windows that flood the space with natural light. Additional perks include separate utilities and a fenced-in backyard. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property delivers flexibility, value, and income growth potential. Pictures are from when property was vacant. Sold ''as-is.'' Schedule your showing today!
| Listing Id: | 202616661 |
|---|---|
| List Price: | $239,900 |
| Close Price: | $230,000 |
| Close Date: | 2026-09-17 |
| Property Type: | Multi-Family |
| Property Sub Type: | Duplex |
| Status: | Closed |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 2 |
| Living Area: | 2,050 |
| Tax Annual Amount: | $6,520 |
| Lot Size Square Feet: | 3,484.8 |
| Lot Size Acres: | 0.08 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12208 |
| Year Built: | 1900 |
| Co Buyer Agent Full Name: | Carr Property Partners Team |
| List Agent Full Name: | Christopher Maley |
| Buyer Agent Full Name: | Ruby Karn |
| Cooling: | None |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Front Porch |
| Heating?: | Yes |
| Bathrooms Total Integer: | 2 |
| Basement: | true |
| Basement: | Unfinished, Full |
| State Or Province: | NY |
| Lot Features: | Level |
| Special Listing Conditions: | Standard |
| Foundation Details: | Block |
| Utilities: | Cable Available |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 33x100 |
| Electric: | 150 Amp Service |
| Fencing: | Back Yard, Wood |
| High School: | Albany |
| Laundry Features: | In Basement |
| Roof: | Asphalt |
| Lot Size Area: | 0.08 |
| Parking Features: | None |
| Documents Change Timestamp: | 2026-05-07T15:48:50Z |
| Heating: | Forced Air |
| Directions: | Madison Ave between Main and West Lawrence |
| Flooring: | Laminate, Hardwood, Tile |
| Listing Contract Date: | 2026-05-07 |
| Parcel Number: | 010100 64.59-2-17 |
| List Agent Key: | 20220307144008892733000000 |
| Construction Materials: | Vinyl Siding |
| Water Source: | Public |
| Co Buyer Office Key: | 20211012214237179382000000 |
| High School District: | Albany |
| Above Grade Finished Area: | 2,050.0 |
| Security Features: | Carbon Monoxide Detector(s) |
| Fuel Expense: | 125.0 |
| Buyer Agent Key: | 20211012215144378397000000 |
| Buyer Office Key: | 20211012214237179382000000 |
| Tenant Pays: | Gas, Electricity |
| Door Features: | Sliding Doors |
| Postal City: | Albany |
| Electric Expense: | $125 |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $250,000 |
| Possession: | At Closing |
| Pending Timestamp: | 2026-05-31 |
| Below Grade Finished Area Source: | CRS |
| Bathrooms Total Decimal: | $2.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Status Change Info Sold Price Sq Ft2: | $112.20 |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Financial Details General Taxes: | $3,136.42 |
| Financial Details General Taxes Description: | Actual |
| Financial Details School Taxes: | $3,383.89 |
| Financial Details School Taxes Description: | Actual |
| Bath Levels Full Bath 1: | 1st |
| Bath Levels Full Bath 2: | 2nd |
| Income And Expenses Rental Income Description: | Actual |
| Income And Expenses Electric Expense Description: | Actual |
| Income And Expenses Total Income: | $26,400.00 |
| Income And Expenses Gas Expense Description: | Actual |
| Income And Expenses Miscellaneous Expense: | $60.00 |
| Separate Utilities Number Of Separate Electric Meters: | 2 |
| Separate Utilities Number Of Separate Gas Meters: | 2 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 1st |
| Multi Family Unit 1 Detail Occupant Type Mf Unit 1: | Tenant |
| Multi Family Unit 1 Detail Monthly Rent Mf Unit 1: | 800 |
| Multi Family Unit 1 Detail Rent Desc Mf Unit 1: | Actual |
| Multi Family Unit 1 Detail Lease Term Mf Unit 1: | Month To Month |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 5 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 2nd |
| Multi Family Unit 2 Detail Monthly Rent Mf Unit 2: | 1,600 |
| Multi Family Unit 2 Detail Rent Desc Mf Unit 2: | Estimated |
| Multi Family Unit 2 Detail Lease Term Mf Unit 2: | Month To Month |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 7 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 4 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Unit 1 Detail Rent: | 800 |
| Unit 1 Detail Rent Description Unit 1: | Actual |
| Unit 1 Detail Lease Term Unit 1: | Month To Month |
| Unit 1 Detail Occupant Type Unit 1: | Tenant |
| Unit 1 Detail Total Bedrooms3: | 1 |
| Unit 2 Detail Rent2: | 1,600 |
| Unit 2 Detail Rent Description Unit 2: | Estimated |
| Unit 2 Detail Lease Term Unit 2: | Month To Month |
| Unit 2 Detail Total Bedrooms4: | 4 |
| Levels: | Two |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Separate Utilities: | Electric, Gas, Heat, Water Heater |
| Attic Features: | Finished, Full |
| Architectural Style: | Traditional |
| Duplex Type: | Up And Down |
| Exterior Features: | None |
Listing Courtesy of: Miranda Real Estate Group Inc
Listing Agent: Christopher Maley
518-698-5669
Mortgage Calculator
© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
