Brick Duplex with Original
For Sale
$375,000
Pending
469 Madison Avenue, Albany, NY 12210
MultiFamily, Albany, NY
Property Size2,592 SF
Lot Size0.03 Acres
Days on Market97
Property Features for 469 Madison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Window features
Bay Window(s)
Interior features
Solid Surface Counters, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
Basement
Unfinished, Full
Lot features
Level, Views, Corner Lot
Elementary school
Giffen Memorial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Corner of Madison Avenue and Willett Street, right next to Washington Park!
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
Amenities
hardwood floors
original woodwork
tall ceilings
original built-ins
decorative fireplace
pocket doors
stackable washer/dryers in each unit
Corian counters
ceramic tile backsplashes
bonus office alcove
bay windows
Building Details
Year built
1930
Number of units
2
Flooring type
Laminate, Hardwood
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
DiBlasi Real Estate
Listed By:
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 13
Changed: Oct 8
Last Checked: Oct 17 at 10:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,592-square-foot duplex at 469 Madison Avenue contains two apartments within a 1930 brick building. Interior details include hardwood and laminate flooring, original built-ins, woodwork, tall ceilings, pocket doors, bay windows, a decorative fireplace, and a bonus office alcove. Each unit has a stackable washer and dryer, Corian counters, ceramic tile backsplashes, and ceramic tile bath finishes. Both apartments are currently rented.
The property sits in Albany’s Center Square neighborhood, near Washington Park. It occupies a 0.03-acre lot and is served by public water and public sewer. Multi Residence zoning supports the existing two-family configuration.
The property sits in Albany’s Center Square neighborhood, near Washington Park. It occupies a 0.03-acre lot and is served by public water and public sewer. Multi Residence zoning supports the existing two-family configuration.
Key Highlights
- 2,592 SF duplex on a 0.03‑acre lot
- Both apartments are rented
- 1930 brick construction with hardwood flooring and original built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,518
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,360
$590.4K
Cap Rate 7%
$421,686
$421.7K
Cap Rate 9%
$327,978
$328.0K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$45.1K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$42.2K $16.27/SF
− OpEx
−$12.7K −$4.88/SF
NOI
$29.5K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,360
Cap Rate 7%
$421,686
Cap Rate 9%
$327,978
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,899
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two rented apartments combine historic character with updated kitchen and laundry features in Albany’s Center Square neighborhood.
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: 2,592 SF duplex on a 0.03‑acre lot; Both apartments are rented; 1930 brick construction with hardwood flooring and original built‑ins
