About This Home

This 10-bedroom, 10-bathroom residential multi family at 531 Western Avenue in Albany, NY is listed for $599,900 ($176 per sqft). Built in 1900, the home offers 3,414 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1900
  • 0.18 acre lot
  • 7 parking spaces
  • Fireplace

Property Details

10 full
7 spaces
1900

Amenities

Fireplace
Listing Description

This investment opportunity in a prime location has so many possibilities! Featuring 10 Bedrooms and 10 full bathrooms located across from the Madison corridor, 531 western ave is perfect for student housing, group housing, or a bed and breakfast for tourists and visiting state workers!

This property offers an updated eat in kitchen, a living room, 2 bedrooms with en-suites and a common bathroom with laundry on the first floor. On the second floor, you'll find five bedrooms with en-suites and on the third floor, three additional bedrooms with a common bathroom.

Additional features include gas fireplaces in all bedrooms and the living room, a nine-year-old boiler, a newer roof and interconnected fire system a covered front porch and side porch, off-street parking, the potential for additional income in the basement and a rooftop deck!

All this and its walkable to Cafe Madison, Juniors, the Madison Pourhouse, Curry House, grocery shopping, it is situated between the uptown and downtown SUNY campuses and is just minutes to everything downtown Albany has the offer. Don't miss out on this incredible investment opportunity!

Monthly Cost Estimate

$3,208/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

531 Western Avenue

Albany, NY 12203

Features & Amenities

Interior Features

Paddle FanHigh Speed InternetBuilt-in Features

Property Details

Flooring

TileWood

Construction

Stone Vinyl Siding

Outdoor Features

PorchDeck

Heating

Natural GasHot Water(Heating)

Questions & Answers

This 10-bedroom, 10-bathroom residential multi family at 531 Western Avenue is listed at $599,900 ($176/sqft). The estimated monthly payment is $3,208 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.18 acre lot, 7 parking spaces, Fireplace. Interior Features: Paddle Fan, High Speed Internet, Built-in Features.

This property is listed by Rebecca L Cavalieri.

RC

Rebecca L Cavalieri

License 10301224636

Agent at Coldwell Banker Prime Properties

Listed by Coldwell Banker Prime Properties · Broker phone: (518) 640-4017 · View on Broker Site · Broker website

MLS# 202626752· Source: Global MLS, Inc.· 38 days on PropertySimple

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.

531 Western Avenue, Albany, NY 12203

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