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607-282-6242kevin@homesfarmsandland.com

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Property at 1061 Madison Avenue, Albany, NY 12208
IN ESCROW
$10,100
$239,900

1061 Madison AvenueAlbany, NY, 12208

5 Beds2 Baths2,050 SqFt0.08 Acres
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!
1 / 11

Est. Monthly

$1,137/MO

$239,900
$10,100

1061 Madison Avenue, Albany, NY

5 Beds2 Baths2,050 SqFt0.08 Acres

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!

StatusIn Escrow
Property TypeMulti Family
Property SubtypeDuplex
Year Built1900
Days on Market22 days

Est. Monthly Payment

$1,137.12

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

1061 Madison Avenue

Albany, NY 12208 • Albany
5
Beds
2
Baths
2,050
SqFt
0.08
Acres
Status
In Escrow
Property Type
Multi Family
Property Subtype
Duplex
Year Built
1900126 years ago
Days on Market
22 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $6,520
  • School Taxes
    $3,384
  • Town/County Taxes
    $3,136
Property History
  • Price reduced
    May 27, 2026 • GLOBAL MLS • 202616661
    $250,000 → $239,900
  • Listed for sale
    May 7, 2026 • GLOBAL MLS • 202616661
    $250,000
Mortgage Calculator
Estimated monthly payment for this property
$1,137.12
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    Global MLS
  • MLS#
    202616661
  • Listing Office
    Miranda Real Estate Group Inc
  • Last Updated
    1 day ago

Climate & Systems

  • Heating
    Forced Air

Interior Features

  • Flooring
    • Laminate
    • Hardwood
    • Tile
  • Doors
    Sliding Doors
  • Basement
    • Unfinished
    • Full
  • Interior Features
    Built-in Features

Parking

  • Parking Features
    None

Lot & Grounds

  • Lot Size
    0.08 acres
  • Lot Features
    Level
  • Fencing
    • Back Yard
    • Wood
  • Patio & Porch
    Front Porch
  • Exterior Features
    None

Type

  • Property Type
    Multi Family
  • Property Subtype
    Duplex
  • Architectural Style
    Traditional

Structure

  • Construction
    Vinyl Siding
  • Roof
    Asphalt
  • Foundation
    Block

Condition

  • Year Built
    1900
  • Days on Market
    22 days
  • Water
    Public
  • Sewer
    Public Sewer
  • Electric
    150 Amp Service
  • Utilities
    Cable Available
Also Listed On
  • NY State MLS
    1 related listing
    Active$239,900

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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