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Active Under Contract

1061 Madison Avenue

Albany, NY 12208

$240K
5 BD · 2 BA · 2,050 sf · 0.08 ac · Built 1900
The residence

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!

At a glance
Property type
Residential
Status
Active Under Contract
Year built
1900
Lot size
0.08 acres
Living area
2,050 sf
MLS#
11743136
Beds · Baths
5 · 2
Location

Albany, NY.

Albany, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$1K/mo
Approximate · principal & interest only
Display Currency
$240K

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of Miranda Real Estate Group Inc · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Jul 18, 2026

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