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528 Madison Ave, Albany, NY 12208

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For Sale

$339,999

6 beds • 4 baths • 1,988 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $171.03
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Don't miss this rare opportunity to own a vacant 4-family brownstone directly across from Washington Park in the heart of Albany's highly walkable Park South neighborhood. With over 2,900 sq ft of space-including 2,000 sq ft above grade and an additional 900 sq ft below grade-this classic property offers significant income potential and long-term equity growth. Situated steps from Albany Medical Center, Albany Law School, Albany College of Pharmacy, and Russell Sage College, the location is ideal for attracting traveling nurses, grad students, and working professionals seeking short-term or furnished housing. Lark Street's restaurants, nightlife, and essential bus lines are all within easy walking distance. All four units are currently vacant, allowing for immediate renovations or rental placement. The building features original architectural character and only needs light cosmetic updates-a perfect canvas for value-add investors or live-in owners looking to offset their mortgage. With high rental demand in one of Albany's strongest corridors, this property checks all the boxes for Airbnb, mid-term housing, or traditional leasing. Owner financing may be available, making it even more accessible for serious buyers ready to capitalize on a high-opportunity urban asset.
MLS# 11545343

Courtesy Of WOLF RIVER REAL ESTATE LLC

(518) 390-7059

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Refrigerator
  • Architecture Style
    New Traditional
  • Floor Covering
    Hardwood, Tile
  • Lot Size
    0.04 Acres
  • Rooms
    Family Room, Living Room

Map and Directions

Directions to 528 Madison Ave, Albany, NY 12208

Home seller CENTURY 21 North East

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North East

(800) 844-7653
Learn More About Us

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Monthly Payment Breakdown

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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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