Albany Properties between $400,000 and $450,000 for Sale

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Newest Albany Properties between $400,000 and $450,000 for Sale

$449,000

4 Beds ⋅ 3 Baths ⋅ 202622488 MLS

Welcome to this livingly maintained split-level ranch in Albany's highly desirable Buckingham Lake neighborhood. This move-in ready home has been exceptionaly cared for by a long-term owner, with pride of ownership evident throughout. The versatile floor plan offers comfortable living spaces filled with natural light and entertaining. Enjoy a peaceful residential setting just moments from Buckingham Lake Park, top-rated schools, shopping, restaurants, hospitals, and major commuter routes. Wether you're looking for your first home, room to grow, or the convenience of one of Albany's most sought-after neighbohoods, this home is a wonderful opportunity you won't want to miss.

174 Ormond Street

$450,000

6 Beds ⋅ 3 Baths ⋅ 202622477 MLS

Charming and recently updated triplex offering 2 bedroom apartments in the heart of Albany! Three identical units featuring brand new stainless steel appliances & (3) Navien on-demand hot water tanks. With a bright and inviting atmosphere, these units features large windows, high ceilings, and hardwood floors. The open living space flows seamlessly into the kitchen, offering plenty of room to relax or entertain. Key Features: two spacious bedrooms, recently updated kitchen, high ceilings and hardwood floors, ample natural light, Wifi included, laundry in basement & private back decks. Convenient location near downtown Albany, restaurants, shops, and public transportation These apartments are perfect for anyone looking for a cozy, well-maintained space in a prime location. Don't miss out on this fantastic opportunity. Easy to maintain - even easier to manage! Perfect for owner occupant or investors!

13 Delaware Street

$449,000

4 Beds ⋅ 3 Baths ⋅ 202621883 MLS

A rare opportunity in Albany's coveted Center Square neighborhood, this beautifully preserved 1871 brownstone seamlessly blends historic character with modern versatility. The main residence offers three bedrooms and one and a half baths, while the garden-level apartment features one bedroom and one full bath. Ideal for rental income, guests, or multigenerational living. Setting this property apart from other brownstones in the neighborhood is the detached one-car garage, providing the rare luxury of secure, year-round off-street parking. Throughout the home, you'll find timeless architectural details including marble fireplaces, graceful curved walls, stained glass accents, and gleaming hardwood floors, each contributing to the home's unmistakable character and historic charm.

396 Hamilton Street

$445,000

4 Beds ⋅ 3 Baths ⋅ 202621173 MLS

Exceptionally well-maintained duplex in Albany's highly desirable Center Square neighborhood, just steps from some of the city's best restaurants, cafés, and entertainment. This property has been successfully operated as a mid-term rental catering to business and medical professionals, generating over $50,000 in annual rental revenue with consistent strong demand. The main unit is currently left vacant to accommodate easy showings and offers an excellent opportunity for an owner-occupant or investor. The spacious owner's residence features 3 bedrooms and 2 full baths across two stories, filled with natural light from oversized windows, soaring ceilings, and tastefully exposed interior brick that adds warmth and historic character. The primary suite includes a private en-suite bath with a relaxing, jetted tub. Open-concept kitchen and dining area, newer appliances and the comfort of central air. Enjoy the private back deck, the convenience of second-floor laundry, and numerous updates that provide peace of mind and years of low-maintenance living. The separate 1-bedroom garden apartment is currently rented for $1,650 per month and features its own private entrance, in-unit laundry, an updated bathroom, ductless heating and air conditioning, and a private back deck. Separate utilities & furniture is included. Whether you're seeking a high-performing investment property or the opportunity to live in one unit while generating rental income from the other, this turnkey duplex offers outstanding opportunity and income potential in one of Albany's premier neighborhoods.

339 Hamilton Street

$419,900

3 Baths ⋅ 202620096 MLS

407 Central Ave is a well positioned mixed use investment property. The first floor offers commercial space, while the 2nd and 3rd floor features 2 spacious 4 bedroom/1 bath residential units. This layout creates multiple income streams and strong rental potential. It also offers flexibility for investor/owner-occupants or buyers looking to improve the property and grow long-term value.

407 Central Avenue

$449,900

2 Beds ⋅ 2 Baths ⋅ 202619862 MLS

The one you have been waiting for! This stunning corner unit condo is conveniently located in vibrant downtown Albany. This open concept home has floor to ceiling windows allowing an abundance of sunlight and views in. The large living room has a gas fireplace and the kitchen is a knock-out with stainless-steel appliances, stone surfaces, large island and pantry! The master bedroom is tastefully appointed and includes a walk-in closet and full bath. In-unit washer/dryer, 24-hour gym, rooftop patio, climate controlled parking space, new building fire and security systems.

17 Chapel Street APT 402

$425,000

202619745 MLS

Opportunity awaits as this mixed use property located in a high traffic area on Central Ave with a huge parking lot hits the market!! This building has been remodeled and features an established hair salon on the first floor and an apartment on the second floor! First floor features include an entry, two bathrooms, a large waiting room and four additional large rooms with stations in them. Possibilities are endless here! Second floor features include gleaming hardwood floors, awesome remodeled eat in kitchen with granite countertops and stainless steel appliances, cozy large living room, office area, large bedroom, remodeled bathroom! There is plenty of parking here and also a garage! A must see!

1056 Central Avenue

$449,777

3 Baths ⋅ 202618946 MLS

Motivated seller is selling this Mixed-Use property. It is currently being used as an auto repair shop ''Hurk's Transmission'' and 3 apartments (need to be renovated) Property to **Two parcels are being sold, 187 Jefferson, 010100 76.31-3-27 and 380 Madison Avenue )10100 76.31-3-20** There are garage spaces for 4-6 cars as well as off street parking for 5-6 cars. The property runs street to street between Madison Ave and Jefferson Street. great location, close to downtown, center square, state offices, SUNY, i787,i87,i90 shops and dining.

187 Jefferson Street

$410,000

7 Beds ⋅ 4 Baths ⋅ 202614849 MLS

Great investment property. Turn key 4 unit. New appliances in all units. Hardwood floors in all units. Off street parking for 3 plus cars. All tenants month to month and paying .

499 Delaware Avenue

$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

$429,900

3 Baths ⋅ 202613709 MLS

Step into your next business venture with a property that's as dynamic as your vision! This unique offering includes five combined lots--852-854 Madison Ave, along with 487-489 and 491 Yates St--providing an expansive footprint in a highly desirable Albany location. The property features a fully gated, asphalt-paved parking lot with convenient handicap-accessible entry at the rear, making it ideal for both clients and staff. Inside, the layout is designed for flexibility and functionality. The first floor offers six private rooms--perfect for offices, treatment spaces, or creative work areas--along with a spacious reception/intake area and two bathrooms. Upstairs, you'll find two large offices, a generous meeting or conference room, additional storage, and another bathroom--giving you room to grow and adapt. Whether you're launching a new concept, expanding your current operations, or investing in a high-potential commercial space, this property delivers the foundation you need. Located in the heart of Albany, it's more than just a space--it's an opportunity to bring your business ideas to life. Bring your vision. Build your future. Make it happen here.

854 Madison Avenue

$420,000

202612875 MLS

Prime commercial opportunity on the busy Central Ave business corridor. 184 Central Ave offers a commercial building accompanied by two additional vacant lots at 178 and 182 Central Ave, providing exceptional flexibility for business use, expansion, or future development. The property features parking for 10+ vehicles, a valuable asset in this high-visibility location with steady traffic and strong commercial presence. Situated in a well-traveled area surrounded by established businesses, this location offers excellent exposure and accessibility for customers and clients. With three parcels included, this property presents a rare opportunity for investors, business owners, or developers looking to establish or expand in a high-demand commercial corridor. Endless possibilities for retail, office, service business, or redevelopment.

184 Central Avenue

$437,000

8 Beds ⋅ 2 Baths ⋅ 202612518 MLS

Located in Pine Hills, this 3,000 sq+ side by side duplex on a double-lot is a great opportunity for an investor or owner-occupant. Both units currently rented to stable tenants. Each unit has a kitchen, living room, and dining room on the first floor, 4 beds and 1 bath on the second floor. Large driveway provides off street parking for both units. Unit 1 is rented at $2,000/month and Unit 2 is rented at $2,050/month for total gross rent of $4,050/month ($48,600/year). Estimated operating expenses: taxes ($10,208/yr), insurance ($2,500/yr), and water/sewer ($700/yr), estimated total annual operating expenses of ~$13,408 and estimated NOI of ~$35,192/year (~$2,932.67/month). Estimated cap rate is ~7.6%.

884-886 Lancaster Street

$400,000

2 Baths ⋅ 202530314 MLS

This hip, urban, center square location is a brick, 1920's built, zoned R2C which means it can stay commercial or be used single family or two family residential. Completely rebuilt from the interior with new wiring, and electrical panel, heating and AC updated, concrete footings added, resurfaced facade patio side, extremely private courtyard, new blacktop alleyway, new roof on entire building, inside new sheet rocked walls, fully insulated, new flooring, tile in the kitchen, bar and bathrooms, granite in kitchen and bar areas, high end tables and chairs, commercial grade appliances, laundry space, office perfect for a small restaurant operation. Conveniently located to everything downtown Albany.

340 Hamilton Street

$424,900

6 Beds ⋅ 3 Baths ⋅ 202529068 MLS

Completely turn-key investment opportunity in sought-after Center Square! This triplex has been updated throughout and features a brand new roof. The numbers work for an investment property or owner-occupy and have the tenants cover much of the mortgage! Basement unit is 1 BR, 1st floor unit is 2 BR's and 2nd/3rd floor unit is 3 BR's. Each unit features 1 full bath and all living areas and bedrooms have ceiling fans. Numerous updates throughout including flooring, kitchens & baths, and many newer windows. Brand new rear deck and stairs. 1st & 2nd Fl water heaters & refrigerators within last 2 years. All appliances stay including washer/dryer in 2 of the 3 units. Easy to maintain property in desirable and walkable Center Square!

350 Madison Avenue

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