Two-Family Brick
469 Madison Avenue Albany, NY 12210
New
469 Madison Avenue, Albany, NY, 12210
$375,000
For Sale
$375,000
MULTI_FAMILY - Other - Albany, NY
Property Size2,592 SF
Lot Size0.03 Acres
Price / SF$144.68
Days on Market4
Property Features for 469 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- 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
- Active
- 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
- Hot Water(Heating), Natural Gas
- 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
1055 Western Ave, Albany, NY
Listed by
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 13 Checked: Jul 16 at 7:06 pm
MLS# 202621658
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 two-family brick residence offers durable exterior construction and an interior built with classic character. The flats include hardwood floors, original woodwork, tall ceilings, and features such as decorative fireplaces, pocket doors, and original built-ins. Additional details include Corian counters with ceramic tile backsplashes, bay windows, and a bonus office alcove. Stackable washer/dryers are provided in each unit.
The property is located in Albany’s Center Square neighborhood, just steps from Washington Park. It is presented as a pair of apartments within one well-kept building.
The listing notes the apartments are rented, with photos showing vacant units.
The property is located in Albany’s Center Square neighborhood, just steps from Washington Park. It is presented as a pair of apartments within one well-kept building.
The listing notes the apartments are rented, with photos showing vacant units.
Key Highlights
- Two‑family brick building built in 1930 with durable exterior and large flats
- Hardwood floors plus laminate flooring throughout
- Each unit includes stackable washer/dryer and Corian counters with ceramic tile backsplashes
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 property with durable brick exterior and in-unit laundry in each apartment.
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 building built in 1930 with durable exterior and large flats; Hardwood floors plus laminate flooring throughout; Each unit includes stackable washer/dryer and Corian counters with ceramic tile backsplashes
