1061 Madison Ave
Listing Notes
Great investment opportunity in a PRIME Albany Location. Situated right across from Madison Theater and within walking distance to shops, parks, hospitals, and all the entertainment Madison Ave has to offer! With the upstairs unit lease ending August 1st and charged below market rent, this versatile duplex offers immediate income and strong upside potential. The first-floor unit features hardwood floors and a practical, functional layout. Upstairs, you'll find a spacious 4-bed, 1-bath unit highlighted by an airy living room with high ceilings and oversized windows that flood the space with natural light. Additional perks include separate utilities and a fenced-in backyard. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property delivers flexibility, value, and income growth potential. Pictures are from when property was vacant. Sold ''as-is.'' Schedule your showing today!
Price in context
Cheaper than 83% of the 24 homes listed nearby right now, which run $189,000 to $335,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 495 Morris St | $189,000 | 3 bd · 1 ba |
| 530 Yates St | $199,900 | 6 bd · 3 ba |
| 275 W Lawrence St | $225,000 | 4 bd · 3 ba |
| 514 Morris St | $229,999 | 7 bd · 2 ba |
| 125 N Main Ave | $239,900 | 3 bd · 1 ba |
| 468 West St | $249,740 | 6 bd · 2 ba |
| 349 Manning Blvd | $249,900 | 4 bd · 2 ba |
| 146 Kent St | $249,900 | 3 bd · 2 ba |
| 29 S Pine Ave | $249,999 | 5 bd · 2 ba |
| 167 N Allen St | $250,000 | 6 bd · 2 ba |
| 466 West St | $251,600 | 7 bd · 2 ba |
| 511 Morris St | $274,900 | 5 bd · 2 ba |
| 852 Myrtle Ave | $275,000 | 4 bd · 2 ba |
| 118 N Allen St | $280,000 | 4 bd · 2 ba |
| 5 N Main Ave | $285,000 | 4 bd · 2 ba |
| 62 Glenwood St | $290,000 | 3 bd · 2 ba |
| 30 Bancker St | $299,000 | 4 bd · 1 ba |
| 52 N Allen St | $299,900 | 8 bd · 3 ba |
| 17 Winthrop Ave | $310,000 | 4 bd · 2 ba |
| 691 Myrtle Ave | $319,000 | 4 bd · 2 ba |
| 610-612 Morris St | $329,900 | 8 bd · 2 ba |
| 802 Myrtle Ave | $330,000 | 5 bd · 4 ba |
| 52 S Allen St | $334,000 | 4 bd · 3 ba |
| 942 Myrtle Ave | $335,900 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more