Albany Properties between $450,000 and $500,000 for Sale

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Newest Albany Properties between $450,000 and $500,000 for Sale

$479,000

3 Beds ⋅ 4 Baths ⋅ 202625832 MLS

A Rare Opportunity in Bishops Gate! Beautifully situated in this highly desirable, well-kept community, this Center Hall Colonial offers the perfect blend of traditional charm, flexible living space, and an incredibly convenient location. Centrally located between Colonie and Latham, with easy access to downtown Albany, major highways, shopping, dining, and everyday amenities. Offering nearly 2,400 square feet of above-grade finished space plus approximately 600 square feet of finished lower-level space, this home provides room to live, work, entertain, and grow. The main level features formal living and dining rooms with hardwood floors and detailed moldings, while the heart of the home opens to a spacious kitchen and family room overlooking the private backyard. Custom carpentry, coffered ceilings, hardwood floors, and a gas fireplace create a warm and inviting gathering space. The kitchen is nicely appointed with stainless steel appliances, gas cook top, generous cabinetry, and abundant storage. Upstairs, the over-sized primary suite offers a private retreat with an en suite bath and spacious sitting/dressing room accessed through pocket doors. With minimal investment, this flexible space could potentially become a fourth bedroom. Two additional bedrooms and an updated full bath complete the second floor. The finished lower level adds approximately 600 square feet of versatile space, including a large family/entertainment area, full bath, and two additional rooms perfect for a home office, gym, hobby room, studio, playroom, or storage. With a few personal touches, this well-designed home offers an exceptional opportunity for those seeking space, flexibility, and a convenient location within a welcoming neighborhood. Bishops Gate combines the best of suburban living with easy access to everything the Capital Region has to offer!

32 Greyledge Drive

$479,900

4 Beds ⋅ 3 Baths ⋅ 202625673 MLS

Welcome to 5 Highland Court! This spacious 4-bedroom, 2.5-bath Colonial is tucked away on a quiet, low-traffic dead-end street in the Albany School District. Beautiful Brazilian cherry floors add warmth and character throughout the home. Additional features include replacement windows and a sprinkler system. Step outside onto the large deck overlooking a private backyard--perfect for relaxing, entertaining, or enjoying time outdoors. A storage shed provides added convenience. A wonderful opportunity to own a comfortable home in a peaceful setting! Showings start Saturday 9/12. 3D tour attached.

5 Highland Court

$499,000

4 Beds ⋅ 3 Baths ⋅ 202624856 MLS

Unique & charming opportunity awaits to own this two-story duplex four-bay-wide 1850's brick row house with double porches of wooden lattice work. Walkable to the Lark St corridor, Washington Park, Albany Medical Center, downtown state & legislative buildings, Albany Law, SUNY, coffee shops, brewery's, galleries, boutiques, shopping, nightlife, restaurants & so much more. Rare very spacious 1,300 + SQFT units which have been recently remodeled. All plumbing & electrical replaced in 2009. On-site laundry room and fenced in yard. Currently a strong producing income property with the potential for more along with separate utilities make for an attractive investment in the heart of the Center Square/Hudson Park neighborhood. Some photos contain virtual staging

347 Hudson Avenue

$450,000

6 Beds ⋅ 2 Baths ⋅ 202621604 MLS

This property is a fantastic opportunity for both living in and investing. It's a large, two-family corner home with a stucco exterior and a Spanish tile roof. Each unit features three bedrooms, one bathroom, a spacious living room, and a well-sized kitchen. Situated right on a main road, the property includes a fenced-in parking garage and sits on three separate tax parcels: 319, 317, and 315. The building itself sits on lot 319, and there are two adjacent lots, 317 and 315, that come with the property. The additional parcels could be converted into a two family buildings or four-units building spans across both the 315 & 317 lots. It's in a prime spot with highway, shopping, hospital, and schools all conveniently nearby.

319 McCarty Avenue

$484,999

9 Beds ⋅ 3 Baths ⋅ 202621199 MLS

Excellent investment opportunity in Albany's desirable Pine Hills neighborhood! This well maintained multi family property offers strong income potential, currently brings $5,400/month, $64,800/yearly. Unit 1 (front) has 4BEDS, handicap accessible, long term tenants, current rent is $1,500 but it could easily be $1,900-2,200. Unit 2 (middle) has 4 BEDS, $1,900/month, new plumping, electrical, updated kitchen and bath. Unit 3 (back) is being used as an AirB&B, $2,600-2,800/monthly. Conveniently located near public transportation and neighborhood amenities, this is a fantastic opportunity in one of Albany's most established rental markets.

77 S Allen Street

$465,000

10 Beds ⋅ 3 Baths ⋅ 202620596 MLS

Attention investors and house-hackers! Welcome to 117 4th Ave, an all-brick triplex in downtown Albany offering an incredible $5,100 estimated monthly gross rent roll. This cash cow features a high-occupancy layout with 10 total bedrooms spread across 3 incredibly spacious apartments. Every single unit has been previously beautifully remodeled with newer windows, durable luxury vinyl plank (LVP) flooring, updated kitchens, modern bathrooms, and separate, newer mechanicals. All three units' tenants pay their own heat, hot water, electric & gas. This property offers the ultimate house hack opportunity. You can move into one unit and let the other two pay your mortgage, or rent out all three to maximize your portfolio's ROI. Both vacant units feature a fresh coat of paint and are primed for immediate tenant occupancy. Because two of the units are currently vacant, scheduling showings is a breeze. With its low-maintenance brick exterior that was just recently repointed, separate utilities, and strong rental demand, this property is a rare find. Don't miss out - schedule your tour today before it's gone!

117 4th Avenue

$475,000

1 Beds ⋅ 2 Baths ⋅ 202619808 MLS

Prime mixed-use opportunity on Central Ave with outstanding visibility and access located just 2 minutes from the Everett Rd exit. Currently configured with gleaming professional office space on the first floor and a charming, well-maintained apartment above, this property offers immediate functionality with strong upside for investors or owner-occupants. The flexible layout supports multiple income streams and future repositioning in a high traffic corridor. Featuring approximately 15 on-site parking spaces this is a rare chance to secure a highly accessible, high-potential asset in a high traffic corridor. Apartment and commercial space will be vacant upon closing. Don't miss this opportunity!

1032 Central Avenue

$499,000

10 Beds ⋅ 3 Baths ⋅ 202619770 MLS

This 3-unit has been updated and maintained. There is newer flooring, updated kitchens and baths in all 3 units. Unit 1 has 4 bedrooms and 1 full bath, Unit 2 has 3 bedrooms and 1 full bath. Unit 3 has 3 bedrooms and 1 full bath. There is a large living room in each unit. Small backyard and a larger side yard that tenants use for a 3 car off street parking area. Each unit is month to month and could be getting higher rents.

144 Broad Street

$475,000

202619642 MLS

1032 Central Avenue

$460,000

3 Beds ⋅ 3 Baths ⋅ 202618492 MLS

Experience maintenance free living at this beautifully appointed Bryn Mawr residence. Designed with an open floor plan, the home features soaring ceilings and expansive windows that fill the space with natural light. The eat in kitchen offers granite countertops, a large center island and stainless steel appliances, seamlessly opening to the family room with a gas fireplace. Plus, there is a first floor laundry room. The primary suite provides a comfortable retreat with a private bath featuring a double granite vanity, tiled shower and large walk in closet with built ins. The lower level adds additional storage space, while the back deck and 2 car attached garage enhance everyday convenience. Recent updates include dishwasher and microwave (2026), washer and dryer (2025). Ideally located just minutes to area hospitals, restaurants and shops.

4 Bryn Mawr Court

$475,000

10 Beds ⋅ 3 Baths ⋅ 202616820 MLS

Two-family residential property in Albany featuring approximately 2,454 sq ft of above-grade living space per public record. Property includes garage parking and shared driveway access. Property is currently tenant-occupied. Lease information available upon request. Buyer to verify all information including taxes, square footage, leases, and condition.

14 W Erie Street

$499,000

7 Beds ⋅ 4 Baths ⋅ 202615912 MLS

Well maintained 4-Unit Investment Property! Located on Morton Avenue, this solid 4-unit building offers a fantastic opportunity for investors seeking strong rental potential paired with valuable property upgrades. Recent improvements include 3 high-efficiency natural gas condensing boilers, 2 coin-operated washers + dryers for tenant convenience, a newer roof, gutters, sidewalk + hot water tanks. Inside the units have been updated: 3 units offer updated kitchens w/granite. The property also features a 3-car detached garage, offering additional storage or rental income potential. Across from Lincoln Park.

272 Morton Avenue

$489,000

4 Baths ⋅ 202612986 MLS

Immaculate and incredibly maintained building currently used as a house of worship. Building has great tiled entry, large first floor worship space wide open with high ceilings. 2 side rooms on first floor with 2 bathrooms. 2nd floor has small sound room, second floor seating area and office overlooking entry. Lower level has dedicated entrance from exterior. Beautiful kitchen with granite, top of line cabinetry. 2 bathrooms on lower level with large open room ideal for many uses. On demand hot water heat, mini splits in place. Lots of possible uses.

281 Washington Avenue

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