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5-Unit Apartment Building
For Sale
$250,000

372 Madison Ave, Albany, NY 12210

Vacant, gutted interiors create a renovation opportunity at the Madison Avenue and Dove corner.

Property Size4,347 SF
Price / SF$57.51
Days on Market19

Property Features for 372 Madison Ave

General Information

Standard status Active
Size 4,347 SF
Property subtype Residential Income

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $12,622
Listing Agency: Thomas P Moore
Listed By: David Kellogg
Source: Exprealty
Added: Jul 24 Changed: Aug 9 Last Checked: Aug 10 at 8:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas P Moore

Investment Insights

Based on property information with market context.

This 5-unit apartment building contains 4,347 SF and is currently vacant. The interiors have been gutted, leaving the property positioned for a comprehensive renovation and new interior design plan. Its existing unit count provides a defined multifamily layout for the next phase of work.

The property occupies the corner of Madison Avenue and Dove in Albany, New York. It is offered for sale with easy access for showings, allowing prospective purchasers to evaluate the current condition and renovation scope in person.

Key Highlights

  • 5‑unit apartment building
  • 4,347 SF property size
  • Vacant building with gutted interiors

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Home Appliance Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Pet Grooming Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

4,281
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant, gutted interiors create a renovation opportunity at the Madison Avenue and Dove corner.
Where is this apartment building located?
The property is located at 372 Madison Ave Albany, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 5‑unit apartment building; 4,347 SF property size; Vacant building with gutted interiors
More about this property
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