$631,000
$100K PRICE DROP

578 Madison Ave Albany, NY 12208

Park South Neighborhood

Estimated payment $4,389/month

Total Views 25,668
7 Beds
7 Baths
3,496 Sq Ft
$180 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Fireplace
  • Wood Flooring
  • Skylights
  • 5-minute walk to Morris Street Park

About This Home

Investment opportunity! Across from Washington Park, walk to Albany Med complex or State Plaza. Multiple fireplaces are decorative ONLY - Much original detail -hardwood floors, decorative moldings, alcove, large bay window, skylight, deck. Don't Miss This!

Listing Agent

Mary Jo Cosco

Real Estate Source Inc License #31CO0885632 Listed on: 01/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,329

Year Built

  • Built in 1880

Lot Details

  • 1,742 Sq Ft Lot
  • Property fronts a private road
  • Back Yard Fenced
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Crown Molding
  • Skylights
  • Fireplace
  • Bay Window

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathroom on Main Level
  • 7 Full Bathrooms
  • Ceramic Tile in Bathrooms

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Apartment Living Space in Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Deck
  • Rear Porch

Schools

  • Albany High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • 200+ Amp Service

Listing and Financial Details

  • Legal Lot and Block 9.000 / 1
  • Assessor Parcel Number 010100 76.22-1-9
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Insurance Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,329

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Zoning: Multi Residence
  • Year Built: 1880
  • Directions: From Empire State Plaza, head west on Madison - property is on the left facing Washington Park
  • Above Grade Finished Sq Ft: 3496.0
  • Financial Details General Taxes: 4084.74
  • General Taxes Description: Actual
  • Financial Details School Taxes: 6528.88
  • School Taxes Description: Actual
  • Lot Size Acres: 0.04
  • Lot Size: 19 by 100
  • Gas Expense Description: See Remarks
  • Water Sewer Expense Description: Actual
  • Income And Expenses Heat Expense Est: 3130.0
  • Income And Expenses Miscellaneous Expense: 350.0
  • Miscellaneous Expense Description: Actual
  • Rental Income: 40165.0
  • Rental Income Description: Actual
  • Number of Refrigerators: 7
  • Unit Information Number Of Stoves: 7
  • Structure Type: Townhouse
  • Flooring:Carpet: Yes
  • Fencing:Back Yard: Yes
  • Flooring:Hardwood: Yes
  • Architectural Style:Townhouse: Yes
  • Foundation Details:Stone4: Yes
  • Electric:Circuit Breakers: Yes
  • Foundation Details:BrickMortar: Yes
  • Levels Three Or More: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Carpet, Hardwood
  • Basement: Apartment, Exterior Entry, Walk-Out Access
  • Interior Amenities: Ceramic Tile Bath, Crown Molding
  • Full Bathrooms: 7
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 894.0
  • Fireplace Features: Other
  • Living Area: 3496.0
  • Window Features: Skylight(s), Bay Window(s)
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 2nd
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 3rd
  • Bathroom Levels Full Bathroom 6: 3rd
  • Bathroom Levels Full Bathroom 7: Basement
  • Fireplace: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Basement:Exterior Entry: Yes
  • Attic Features:Hatch: Yes
  • Interior Features:Crown Molding: Yes
  • Basement:Apartment: Yes
  • Fireplace Features:Other62: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Gas7: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 1 Owner Furnish Features:Gas6: Yes
  • Unit 3 Owner Furnish Features:Gas8: Yes
  • Unit 4 Owner Furnish Features:Gas9: Yes
  • Unit 5 Owner Furnish Features:Gas10: Yes
  • Unit 6 Owner Furnish Features:Gas13: Yes
  • Unit 6 Owner Furnish Features:Heat10: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 7 Owner Furnish Features:Heat8: Yes
  • Unit 7 Owner Furnish Features:Hot Water9: Yes
  • Unit 7 Owner Furnish Features:Gas11: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Rubber
  • Construction Type: Brick
  • Fencing: Back Yard
  • Foundation Details: Brick/Mortar, Stone
  • Patio And Porch Features: Porch, Rear Porch, Deck
  • View: Other
  • Waterfront: No
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Road Frontage: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Window Features:Bay Window(s): Yes
  • Window Features:Skylight(s)2: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Open Parking: No
  • Property Detail:Parking YN: No
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 200+ Amp Service, Circuit Breakers
  • Heating: Hot Water
  • Security: Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s)
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 3130.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Lot Features: Level, Road Frontage
  • Parcel #: 010100 76.22-1-9
  • Lot Size Sq Ft: 1742.4

Rental Info

  • Tenant Pays: Cable TV, DSL Internet, Electricity

Multi Family

  • Insurance Expense: 2000.0
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 12329.4
  • Tax Block: 1
  • Tax Lot: 9.000
  • Tax Tract: 76.22

MLS Schools

  • HighSchool: Albany

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $631,000 -13.7% $180 / Sq Ft
01/26/2025 01/26/25 For Sale $731,000 -- $209 / Sq Ft
Source: Global MLS

Source: Global MLS

MLS Number: 202511192

Global MLS
New York Albany County Albany 12203 Park South

578 Madison Ave, Albany, NY

This home is located at 578 Madison Ave, Albany, NY 12208 and is currently priced at $631,000, approximately $180 per square foot. This property was built in 1880. 578 Madison Ave is a home located in Albany County with nearby schools including Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School, and Albany High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.



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Listing Agent
Mary Jo Cosco
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Real Estate Source Inc
(518) 712-6910