Two-Family Brick
469 Madison Avenue Albany, NY 12210
469 Madison Avenue, Albany, NY, 12210
$375,000
Pending
For Sale
$375,000
Pending
MULTI_FAMILY - Other - Albany, NY
Property Size2,592 SF
Lot Size0.03 Acres
Days on Market10
Property Features for 469 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 2
- Window features
- Bay Window(s)
- Interior features
- Solid Surface Counters, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
- Basement
- Full, Unfinished
- Standard status
- Pending
- APN
- 010100 76.23-3-70
- Size
- 2,592 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9248
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Hardwood, Laminate
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agency
DiBlasi Real Estate
(518) 857-1505
Listed by
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 13 Updated: Jul 21 at 11:39AM Checked: Jul 22 at 12:06AM
MLS# 202621658
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.
Well-maintained two-family property with a durable brick exterior and large flats. Interior features include hardwood floors, tall ceilings, original woodwork with decorative fireplace details, and built-ins, plus pocket doors. Each unit is equipped with stackable washer/dryers, Corian counters, and ceramic tile backsplashes, and there is a bonus office alcove and bay windows.
Located at 469 Madison Avenue in Albany’s Center Square neighborhood, the property is described as being just steps from Washington Park. The listing notes that the building’s pictured units appear vacant, but both apartments are rented.
The property is offered as a two-unit residential income building under Multi Residence zoning. Multiple offers are presented, with instructions to submit highest and best offers by Monday 7/20 at 5:00.
Located at 469 Madison Avenue in Albany’s Center Square neighborhood, the property is described as being just steps from Washington Park. The listing notes that the building’s pictured units appear vacant, but both apartments are rented.
The property is offered as a two-unit residential income building under Multi Residence zoning. Multiple offers are presented, with instructions to submit highest and best offers by Monday 7/20 at 5:00.
Key Highlights
- Two‑family brick property in Albany’s Center Square neighborhood, just steps from Washington Park
- Hardwood floors with original woodwork, tall ceilings, decorative fireplace, and built‑ins
- Corian counters with ceramic tile backsplashes and ceramic tile baths; solid surface counters
Local Financial Insights For Multifamily LT 5
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 | $45.1k | $17.40 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $42.2k | $16.27 |
| − OpEx | −$12.7k | −$4.88 |
| NOI | $29.5k | $11.39 |
2,592 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.7K
$369.0K – $492.0K
NOI $29,518 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$378.2K
$331.0K – $441.3K
NOI $26,477 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$683.8K
$598.4K – $797.8K
NOI $47,869 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with original woodwork, hardwood floors, and stackable washer/dryers in each unit.
Where is this duplex located?
The property is located at 469 Madison Avenue Albany, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family brick property in Albany’s Center Square neighborhood, just steps from Washington Park; Hardwood floors with original woodwork, tall ceilings, decorative fireplace, and built‑ins; Corian counters with ceramic tile backsplashes and ceramic tile baths; solid surface counters
