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5-Unit Apartment Building
For Sale
$250,000

372 Madison Avenue, Albany, NY 12210

Vacant, gutted interior offering a clear starting point for redevelopment.

Property Size4,347 SF
Price / SF$57.51
Days on Market32

Property Features for 372 Madison Avenue

General Information

Standard status Active
Size 4,347 SF
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $12,623

Building Details

Year Built 1860
Listing Agency: Moore Thomas P
Listed By: David Kellogg
Source: Capmarkrealty
Added: Jul 29 Changed: Aug 28 Last Checked: Aug 28 at 6:55AM

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 Moore Thomas P

Investment Insights

Based on property information with market context.

This 5-unit apartment property contains 4,347 square feet and dates to 1860. The building is currently vacant, with a gutted interior that allows the next owner to plan the renovation from the existing structure outward.

The property occupies the corner of Madison Avenue and Dove Street in Albany, New York, at 372 Madison Avenue. Its five-unit configuration and established building footprint provide a defined basis for repositioning the asset through future improvements.

Key Highlights

  • 5‑unit apartment property
  • 4,347 square feet
  • Built in 1860

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Pharmacy

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

Location Intelligence

Trade Area within ½ mile

51
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 interior offering a clear starting point for redevelopment.
Where is this apartment building located?
The property is located at 372 Madison Avenue 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 property; 4,347 square feet; Built in 1860
More about this property
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