Mixed-Use Triplex with Commercial
418 Madison Avenue Albany, NY 12210
418 Madison Avenue, Albany, NY, 12210
$399,900
For Sale
$399,900
MULTI_FAMILY - Albany, NY
Property Size3,300 SF
Lot Size0.02 Acres
Price / SF$121.18
Days on Market54
Property Features for 418 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- Mixed
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2
- Basement
- Unfinished, Full
- Standard status
- Active
- APN
- 010100 76.31-3-2 02
- Size
- 3,300 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6900
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1869
- Number of units
- 3
- Flooring type
- Hardwood, Tile - Ceramic, Vinyl
- Building materials
- Block, Brick, Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Coldwell Banker Prime Properties
(518) 439-9600
1345 New Scotland Road, Green Island, NY
Listed by
Bahrija Basic · License #10401361924
(518) 331-6443
Added: May 26 Checked: Jul 18 at 12:06 am
MLS# 202618141
Listing URL
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use triplex includes a versatile first-floor commercial space with central air and a commercial kitchen setup. The second and third floors each provide a bright, well-appointed one-bedroom apartment, creating a straightforward live-and-work style configuration within the same building.
The property is located at 418 Madison Avenue in Albany’s Center Square/Hudson Park neighborhood, just steps from Lark St. The area is described as highly walkable and close to restaurants, shops, Washington Park, downtown amenities, and state offices.
With its commercial kitchen capability on the ground level and two separate one-bedroom units above, the building supports a range of business uses for the first floor while maintaining residential income from the upper floors under the mixed zoning designation.
The property is located at 418 Madison Avenue in Albany’s Center Square/Hudson Park neighborhood, just steps from Lark St. The area is described as highly walkable and close to restaurants, shops, Washington Park, downtown amenities, and state offices.
With its commercial kitchen capability on the ground level and two separate one-bedroom units above, the building supports a range of business uses for the first floor while maintaining residential income from the upper floors under the mixed zoning designation.
Key Highlights
- Mixed‑use property on Madison Ave in the Center Square/Hudson Park area, just steps from Lark St
- First‑floor commercial space with central air and a commercial kitchen setup for restaurant, cafe, retail, office, or other business use
- Second and third floors include bright one‑bedroom apartments
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $19.80 |
| − Vacancy | −$4.1k | −$1.23 |
| EGI | $61.3k | $18.57 |
| − OpEx | −$27.6k | −$8.36 |
| NOI | $33.7k | $10.21 |
3,300 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$653.2K
$571.5K – $762.0K
NOI $45,722 @ 7.0% cap · market cap 11.43%
Second Best
Multifamily LT 5
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 9.40%
Theoretical Best
Office A
$870.6K
$761.8K – $1.02M
NOI $60,944 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with a first-floor commercial kitchen setup and central air, plus two upstairs one-bedroom apartments, zoned mixed.
Where is this triplex located?
The property is located at 418 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Mixed‑use property on Madison Ave in the Center Square/Hudson Park area, just steps from Lark St; First‑floor commercial space with central air and a commercial kitchen setup for restaurant, cafe, retail, office, or other business use; Second and third floors include bright one‑bedroom apartments
