Albany 5 Bedroom Properties for Sale

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Newest Albany 5 Bedroom Properties for Sale

$250,000

5 Beds ⋅ 3 Baths ⋅ 202622293 MLS

Attention investors! This income-producing opportunity at 97 3rd Ave, Albany, NY comes with paying tenants already in place, providing immediate rental income from day one. ROPs are in place, making this an excellent addition to an investment portfolio. Conveniently located in Albany's South End, the property offers easy access to downtown Albany, the Empire State Plaza, Albany Medical Center, Albany Law School, Albany Capital Center, the Port of Albany, and the Albany-Rensselaer Amtrak Station. Nearby shopping, restaurants, parks, schools, and major roadways including I-787 and the New York State Thruway provide convenient access throughout the Capital Region. Whether you're expanding your rental portfolio or seeking a turnkey investment with established occupancy, this property offers strong potential in a well-connected location. Don't miss the opportunity to own an income-generating property with tenants already in place and convenient access to many of the area's key destinations. Buyers are encouraged to verify all property information and perform their own due diligence.

97 3rd Avenue

$589,000

5 Beds ⋅ 4 Baths ⋅ 202622175 MLS

***OPEN SUN, JULY 26th 11AM-1PM*** Beautifully curated three-story townhome situated along one of downtown Albany's most coveted city blocks includes completely separate garden unit that's currently being used on a short term basis, legal 2-family. Spanning over 3,200 SQFT across four aesthetically pleasing levels, this residence features 5 bedrooms, 4 full baths, modern amenties throughout, privates oasis-like backyard with trex decking, roof access & more. Easily accessible to Washington Park, Albany Medical Center/St. Peter's Hospital, SUNY Albany, Lark St, downtown state & legislative entities, coffee shops, galleries, nightlife & so many more desirable downtown attractions. Original details still adorned throughout such as high ceilings, oversized windows, tile, fireplaces, stained glass, built ins, woodwork, etc. A rare trophy residence--where gilded architecture meets flawless modern execution--offering a once-in-a-generation opportunity in the heart of Center Square.

142 Chestnut Street

$389,000

5 Beds ⋅ 3 Baths ⋅ 202622050 MLS

Fantastic opportunity to own a well-maintained three-family property in the heart of Albany! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers excellent income potential and flexibility. The first-floor unit is a spacious 3-bedroom apartment that was consistently rented for $1,900/month over the past three years and has just become vacant, making it ideal for an owner-occupant or a new tenant at market rent. The second-floor unit features a comfortable 1-bedroom, 1-bath apartment with a living room and is currently tenant-occupied. The third-floor unit offers a generously sized 1-bedroom apartment with a large living room, oversized bathroom, and the convenience of in-unit laundry. An additional laundry area is available in the basement for tenant use. Outside, you'll find a long driveway leading to the backyard with ample off-street parking--a rare find in the area. Conveniently located near shopping, restaurants, grocery stores, public transportation, schools, parks, and other major amenities, this is an excellent opportunity to own a versatile income-producing property in a prime Albany location. Don't miss this exceptional investment opportunity!

9 Kent Street

$249,000

5 Beds ⋅ 3 Baths ⋅ 202621870 MLS

This is a cash cow over & over AGAIN! $40,800 annual income! always rented, across from the food co-op, on bus line, close to super markets & gas stations. Assumable 3.75% mortgage for the first 100k.

49 Watervliet Avenue

$309,000

5 Beds ⋅ 2 Baths ⋅ 202621819 MLS

Opportunity awaits in this well-maintained two family home located in a desirable neighborhood close to schools, shopping and restaurants. Recent updates include brand-new front porch and a completely refreshed second floor featuring new walls and fresh paint. Whether you're looking to owner-occupy while generating income or add a solid investment property to your portfolio, this home offers exceptional potential. This unique floor plan provides a wonderful opportunity for buyers with a vision to reimagine the space and create a layout that perfectly suits their needs. Bring your creativity and unlock the full potential of this versatile property!

15 Zoar Avenue

$314,900

5 Beds ⋅ 2 Baths ⋅ 202621498 MLS

Recently converted two-family home offering an excellent investment opportunity in a convenient Albany location. The first-floor unit features 2 bedrooms, while the second-floor unit offers 3 bedrooms. Recent updates include newer appliances, a beautifully renovated first-floor bathroom, updated plumbing throughout, and polished hardwood floors. The property is fully leased, providing immediate rental income. Conveniently located near shopping, dining, schools, public transportation, and major highways. OPEN HOUSE 7/11 12-1

212 Ontario Street

$399,000

5 Beds ⋅ 2 Baths ⋅ 202621375 MLS

SHOWINGS ARE NOW AVAILABLE ON WEEKENDS. Exceptional opportunity to own a beautifully maintained two-family home situated on a rare double lot! Pride of ownership is evident throughout this well-cared-for property. The first-floor unit features beautiful hardwood floors, original woodwork and trim, 3 bedrooms, a full bath, living room and dining room and washer/dryer hookups in the basement. The second-floor unit, previously owner-occupied, offers an updated kitchen and bath, newer vinyl flooring, and fresh paint throughout. 2 bedrooms, full bath, living room dining room and washer dryer. Enjoy relaxing on the inviting front and back porches. Additional highlights include a spotless, dry basement, a large walk-up attic with plenty of extra storage, and an impressive four-car garage. Conveniently located with easy access to I-787 and the NYS Thruway, making commuting a breeze. Whether you're looking to owner-occupy or expand your investment portfolio, this move-in-ready property is one you won't want to miss!

20 Alden Avenue

$130,000

5 Beds ⋅ 2 Baths ⋅ 202619823 MLS

Motivated seller- Bring your best offer and creative idea to this project. Handyman Special in the Heart of Albany! Opportunity awaits with this brick multifamily property located in Albany School District. This investor special offers tremendous potential for investors, contractors, flippers, or owner-occupants looking to build equity. The property requires a complete rehabilitation and is being sold as-is. Cash offers only. Featuring a brick exterior and a prime location close to major highways, public transportation, shopping, restaurants, schools, hospitals, and downtown Albany amenities, this property presents an excellent value-add opportunity. Low taxes help maximize future investment potential. Bring your vision, tools, and creativity to transform this multifamily property into a strong income-producing asset or long-term investment. Rare opportunity to purchase a fixer-upper in a convenient Albany location with endless possibilities. Don't miss your chance to unlock the potential this property has to offer!

13 Lexington Avenue

$299,000

5 Beds ⋅ 3 Baths ⋅ 202619806 MLS

Beautifully Renovated 5-Bedroom Albany Home with Modern Updates and Timeless Charm! Welcome to 2 Manning Square, a beautifully renovated home that seamlessly blends classic character with modern conveniences. Offering 5 spacious bedrooms and 2.5 bathrooms, this move-in-ready property provides an abundance of space for comfortable living, entertaining, and working from home. Step inside to find a bright and inviting interior featuring fresh updates throughout, including stylish finishes, updated flooring, modern lighting, and refreshed kitchen and bath spaces. The spacious living and dining areas create a warm and welcoming atmosphere, perfect for hosting family gatherings or enjoying everyday life. The flexible floor plan offers plenty of room for a growing household, guest accommodations, or dedicated home office space. Outside, enjoy a manageable yard with space for outdoor relaxation, gardening, or summer barbecues. The home's attractive curb appeal and recent improvements make it a standout opportunity for buyers seeking both value and convenience. Ideally located near downtown Albany, major highways, public transportation, schools, shopping, restaurants, hospitals, and parks, this home provides easy access to everything the Capital Region has to offer. Whether you're a first-time homebuyer, upgrading to more space, or looking for a turnkey investment property, 2 Manning Square is ready for its next owner. Don't miss this opportunity to own a beautifully updated home that combines space, style, and convenience in one of Albany's most accessible locations. Schedule your private showing today and see all that this exceptional property has to offer!

2 Manning Square

$325,000

5 Beds ⋅ 2 Baths ⋅ 202619557 MLS

Well-maintained two-family, up/down duplex in a convenient Albany location with strong income potential. The first-floor unit features 3 bedrooms and 1 full bath and is currently rented month-to-month at $975/month, with estimated market rent of approximately $1,500/month. The second-floor unit offers 2 bedrooms and 1 full bath and is currently vacant, with projected rental income of approximately $1,400/month. Recent improvements include a new boiler and water heater serving the first-floor unit, as well as an updated bathroom in the second-floor unit. The property offers separate utilities and hot water systems for each unit, plus two washer/dryer hookups in the basement for added tenant convenience. Additional features include off-street parking and a former garage pad in the backyard, providing an opportunity for future garage reconstruction or additional improvements. An excellent opportunity for both investors and owner-occupants seeking rental income in a desirable Albany location.

631 Washington Avenue

$330,000

5 Beds ⋅ 4 Baths ⋅ 202618803 MLS

PRICE IMPROVMENT !!...If you want cash flow, this property projects 50K annual rental income. Great Albany location. Close to hospitals, universities, restaurants and entertainment. 4 units with hardwood floors throughout. With two vacant units ideal for owner occupancy. Each unit has its own gas and electric meter, as well as a house meter, individual water heaters for each unit. New kitchen appliances in some units. Start your investment property dreams or add to an existing portfolio. Don't miss out...Schedule a showing today.

802 Myrtle Avenue

$99,000

5 Beds ⋅ 2 Baths ⋅ 202618538 MLS

*SHORT SALE* Multi-family property with strong upside potential. Currently configured as two units, featuring a 1-bedroom, 1-bath first-floor apartment and a 2-bedroom, 1-bath second-floor apartment**. The first-floor unit offers the potential to be reconfigured into a 2-bedroom layout, while the basement may provide an opportunity for additional living space or a future apartment, subject to municipal approvals. The property requires substantial renovations, including a new roof, making it an excellent opportunity for investors. Transaction is being professionally negotiated by ARII Solutions, LLC. Buyer shall be responsible for a $7,500 short sale processing fee at closing. Please review the ''Presentation of Offers'' instructions prior to submitting an offer. Property is being sold in its current As-Is condition. Seller and lender approval may be required.

67 Walter Street

$174,999

5 Beds ⋅ 2 Baths ⋅ 202618537 MLS

Attention Investors!! Looking to start or to add to your business portfolio.All showing require pre-approval letter or bank statement before any appointments are confirmed. Property Sold As Is .

300 3rd Street

$289,900

5 Beds ⋅ 3 Baths ⋅ 202618282 MLS

Great Opportunity to convert this mixed-use building into a side-by-side 2 family located on the prime corner of New Scotland and S. Main. Currently set up with offices on the left side and a 2 bedroom/1 bath apartment on the right. With a full basement and separate utilities, it would be an easy conversion making this into cash cow. Walking distance to hospitals, schools, restaurants, and shopping. Take advantage of this hard-to-find great deal!

538 New Scotland Avenue

$230,000

5 Beds ⋅ 3 Baths ⋅ 202618219 MLS

.Calling all investors! Great opportunity to add to your portfolio Down stairs ( basement) 1 bedroom, 1 bath. Apt 2 -2 story with 1 bedroom on 1st floor and 3 bedrooms upstairs and 2 bathrooms . Separate utilities. Great income potential.

318 1st Street

$399,999

5 Beds ⋅ 2 Baths ⋅ 202617603 MLS

This is the one you've been waiting for. A stunning 5-bedroom, 1.5-bathroom center hall colonial that has been completely updated from top to bottom -- all the charm of a 1930s classic with every modern upgrade already done for you. From the moment you walk through the door, the character of this home shines. The grand foyer greets you with beautiful marble steps, setting the tone for the quality and craftsmanship found throughout. Gleaming hardwood floors flow through the living room, dining room, and two additional den spaces -- giving you all the room and flexibility you need. The electric fireplace adds warmth and ambiance, while the updated kitchen and baths bring everything you'd expect from a brand new home. Upstairs, five generously sized bedrooms offer plenty of space for the whole family. Outside, you'll find a spacious backyard and a 2-car garage -- a rare find in the city. The full basement adds even more storage and potential. All of this in an unbeatable Albany location -- minutes from I-90, hospitals, schools, and everything the city has to offer.

979 Washington Avenue

$675,000

5 Beds ⋅ 4 Baths ⋅ 202617344 MLS

Four Stories of Living Space. First Floor is large open dining/living room with separate eat in kitchen with bay window overlooking the deck and garden. Half bath. Central A/C. Five Ornamental Fireplaces. Parquet and Hardwood Floors, Tall Ceilings, Large Windows, Original Moldings and Medallions throughout. Second and third floors have two bedrooms with full baths and top floor laundry. Bonus study on top floor. Washington Park views from primary bedroom bay window. First floor deck. Small perennial garden. Full garden level one bedroom rental apartment or guest suite. Wine celler.

223 Lancaster Street

$290,000

5 Beds ⋅ 3 Baths ⋅ 202616892 MLS

This charming 2-family home sits on a lively street where you'll never miss a beat. Ideally located near the highway, shopping centers, gyms, and restaurants -- ensuring strong rental demand year-round. Recent improvements include a new rear porch, sprinkler system, and updated flooring, reducing future maintenance costs. Currently occupied by stable tenants, this property delivers reliable cash flow from day one. A solid addition to any investment portfolio.

446 2nd Avenue

$594,000

5 Beds ⋅ 3 Baths ⋅ 202616473 MLS

Unique Tudor style townhouse in Albany's historic Center Square neighborhood! First floor features gracious entry, formal living and dining rooms with original built-ins, updated kitchen with solid surface countertops, and glass garden room that can be used in a variety of ways. 2nd and 3rd floors have 5 spacious bedrooms and 2 full baths. Walk-up attic is great for storage. Mini-splits (A/C & heat) on each floor Multi-tiered deck overlooks perennial garden. Taxes do not reflect a STAR exemption.

140 Chestnut Street

$435,000

5 Beds ⋅ 4 Baths ⋅ 202614240 MLS

Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.

138 Lancaster Street

$274,900

5 Beds ⋅ 2 Baths ⋅ 202613146 MLS

Well-maintained two-family investment property in Albany's desirable Pine Hills neighborhood. Both units currently have long-term tenants who would like to renew their leases. Property features separate utilities, a large driveway with ample off-street parking, and a small backyard area. Coin-operated washer and dryer located in the basement. The second unit has been recently fully renovated, while the first unit has been freshly painted with refinished floors. Convenient Albany location close to colleges, hospitals, shopping, and restaurants.

511 Morris Street

$100,000

5 Beds ⋅ 2 Baths ⋅ 202611475 MLS

Investor opportunity in Albany's West Hill neighborhood. This 5-bedroom, 2-bath duplex was built in 1888 and offers approximately 2,776 sq ft of living space on a 0.07-acre lot. The property provides strong potential for renovation and income production in an established urban location close to downtown Albany, major employment centers, and transportation. Property is being sold at auction.

290 3rd Street

$649,900

5 Beds ⋅ 5 Baths ⋅ 202523509 MLS

Prime mixed-use building in Albany's vibrant Center Square neighborhood. Over 3,100 sq ft with a street-level commercial space (rented at $2,200/mo) approved for a variety of uses. Existing equipment provides a great starting point for food service operation. Three well-maintained residential units above generate $3,350/mo. One unit is a 1BR facing Lark St; another offers skyline views and private rooftop access. The top-floor unit features 3 bedrooms, 2 full baths, and in-unit laundry. Rare 2-car garage off Spring St for parking or deliveries. Gross annual income of $66,600. Steps from shops, restaurants, and Washington Park. Whether you're looking to expand your investment portfolio or establish a business in a high-visibility, high-foot-traffic location, this one is worth exploring.

197 Lark Street

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