This investment opportunity in a prime location has so many possibilities! Featuring 10 Bedrooms and 10 full bathrooms located across from the Madison corridor, 531 western ave is perfect for student housing, group housing, or a bed and breakfast for tourists and visiting state workers! This property offers an updated eat in kitchen, a living room, 2 bedrooms with en-suites and a common bathroom with laundry on the first floor. On the second floor, you'll find five bedrooms with en-suites and on the third floor, three additional bedrooms with a common bathroom. Additional features include gas fireplaces in all bedrooms and the living room, a nine-year-old boiler, a newer roof and interconnected fire system a covered front porch and side porch, off-street parking, the potential for additional income in the basement and a rooftop deck! All this and its walkable to Café Madison, Juniors, the Madison Pourhouse, Curry House, grocery shopping, it is situated between the uptown and downtown SUNY campuses and is just minutes to everything downtown Albany has the offer. Don't miss out on this incredible investment opportunity!
| Listing Id: | 202626753 |
|---|---|
| List Price: | $599,900 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Living Area: | 3,414 |
| Tax Annual Amount: | $11,181 |
| Lot Size Square Feet: | 7,920.0 |
| Lot Size Acres: | 0.18 |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Postal Code: | 12203 |
| Year Built: | 1900 |
| List Agent Full Name: | Rebecca L Cavalieri |
| Cooling: | None |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Deck |
| Heating?: | Yes |
| Basement: | true |
| Basement: | Walk-Out Access, Full, Interior Entry |
| State Or Province: | NY |
| Lot Features: | Level |
| Special Listing Conditions: | Standard |
| Building Area Total: | 3,414.0 |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 62 x 123 |
| Electric: | 200+ Amp Service, Circuit Breakers |
| High School: | Albany |
| Roof: | Shingle, Asphalt |
| Lot Size Area: | 0.18 |
| Zoning: | Multi Residence |
| Documents Change Timestamp: | 2026-10-05T18:56:02Z |
| Heating: | Hot Water |
| Directions: | North Allen St to right on Western Ave house is on the right |
| Flooring: | Wood, Tile |
| Listing Contract Date: | 2026-09-21 |
| Parcel Number: | 010100 64.51-2-40 |
| List Agent Key: | 20211012215540703780000000 |
| Construction Materials: | Vinyl Siding |
| Parking Total: | 7 |
| Water Source: | Public |
| High School District: | Albany |
| Security Features: | Fire Escape, Fire Alarm |
| Postal City: | Albany |
| Original List Price: | $599,900 |
| Possession: | At Closing |
| Contract Information List Price Sq Ft: | $175.72 |
| Contract Information List Price Acres: | $3,332,777.78 |
| Parcel Tax Hoa Total Taxes Description: | Estimated |
| Financial Details General Taxes: | $4,996.45 |
| Financial Details General Taxes Description: | Estimated |
| Financial Details School Taxes: | $8,578.15 |
| Financial Details School Taxes Description: | Estimated |
| Number Of Buildings: | 1 |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Exterior Features: | None |
Listing Courtesy of: Coldwell Banker Prime Properties
Listing Agent: Rebecca L Cavalieri
518-210-4916
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET































































