Albany Real Estate | Albany Multi-Family Homes for Sale

6 Beds ⋅ 2 Baths ⋅ 202625737 MLS

Solid Brick 2-Family in Albany's Delaware Neighborhood! Don't miss this excellent opportunity to add a well-maintained two-family property to your rental portfolio. Situated on a quiet residential street, this solid brick home features a brand-new roof and spacious apartments with hardwood flooring throughout. The first-floor unit is currently vacant, offering flexibility for an owner-occupant or an investor looking to establish their own rental income. Both units feature separate utilities, with laundry available in the basement. Street parking is available. Agent is part owner. For first showing, only vacant unit is being shown, offers can be written on walk through of both units. The layouts are exactly the same and there is a 3D tour available.

29 Bertha Street

$314,900

6 Beds ⋅ 2 Baths ⋅ 202625736 MLS

Well-maintained two-family home on a corner lot in a desirable and convenient Albany location. Each unit offers three bedrooms, one full bathroom, an updated kitchen, beautiful original woodwork, and coffered ceilings. The first floor is tenant-occupied with separate utilities, while the second floor will be delivered vacant--making this a great opportunity for an owner-occupant or investor. Outside, you'll find a fenced-in front yard, a welcoming front porch, and a good-sized backyard. What's not to love?

264 Manning Boulevard

$1,199,900

16 Beds ⋅ 8 Baths ⋅ 202625727 MLS

Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!

97-99 Homestead

$189,900

6 Beds ⋅ 2 Baths ⋅ 202625709 MLS

This two-family property offers excellent potential for investors or owner-occupants looking to generate rental income while building equity. Conveniently located near downtown Albany and close to State Offices and government, with easy access to shopping, restaurants, schools, public transportation, and major roadways. With two separate units and strong rental potential, this property is a solid addition to any investment portfolio. Bring your vision and take advantage of the opportunity to own income-producing real estate in the Capital District.

239 Colonie Street

$260,000

6 Beds ⋅ 2 Baths ⋅ 202625701 MLS

Solid Brick 2 Family in the Heart of Albany - both floors currently rented - all separate utilities - 2 Brand new On Demand Heating / Hot Water Systems - nice backyard great for barbeques.

625 Clinton Avenue

$249,900

4 Beds ⋅ 2 Baths ⋅ 202625699 MLS

Investors, take notice! Great opportunity to own a vacant two-family home situated on a corner lot in a strong Albany rental area. Off-street parking and a two-car garage add valuable convenience and income potential. The property is ready for your vision, renovation, and sweat equity. With the right improvements, this home has excellent potential to shine again and maximize rental income. Bring your ideas and turn this value-add property into a rewarding addition to your investment portfolio! 3D tour attached. Showings start Saturday 9/12.

39 W Erie Street

$250,000

6 Beds ⋅ 2 Baths ⋅ 202625698 MLS

OPEN HOUSE SUNDAY, 10:00 AM-12:00 PM! Turnkey, income-producing two-family offered at $250,000 with six total bedrooms and $2,900 per month in combined gross rental income. Unit 1 currently rents for $1,400 per month, while Unit 2 rents for $1,500. Both units are tenant occupied on month-to-month agreements, offering flexibility for future ownership plans subject to applicable notice requirements and legal requirements. Both units have been updated, providing comfortable living spaces with limited near-term improvement needs. The front portion of the roof was recently updated, while the rear portion is approximately three to four years old. Additional features include a private driveway and basement storage. An attractive opportunity for investors looking to expand their portfolio or enter the Albany multifamily market with an already-operating rental property. Rent information and available property documentation may be requested from the listing agent. Owner occupancy may be possible in the future, subject to existing tenancy and applicable requirements. Outside of the open house, showings are by confirmed appointment only. Please do not disturb tenants. Buyer to verify rental income, tenancy terms, expenses, property information and permitted use.

4 Wilkins Avenue

$649,900

7 Beds ⋅ 7 Baths ⋅ 202625684 MLS

Excellent opportunity for an investor seeking a turnkey multi-family asset with immediate cash flow and room to grow NOI. The combination of below-market rents, month-to-month flexibility, and completed capital improvements makes this a standout addition to any portfolio. Seven well-maintained residential units with a history of easy rentability. Newer mechanicals and electrical panels. Classic architectural charm: high ceilings, original wood floors, tiled bathrooms, and large windows throughout. Long-term, reliable tenants in place, with rents currently below market -- significant upside potential for a new owner. ROPs in place for all apartments. Listing agent is part owner.

156 S Swan Street

$145,000

4 Beds ⋅ 2 Baths ⋅ 202625664 MLS

Beautiful property.

287 1st Street

$550,000

9 Beds ⋅ 5 Baths ⋅ 202625663 MLS

A rare opportunity to own an exceptional five-unit Victorian property in Albany's highly desirable Pine Hills neighborhood, offered for the first time in more than half a century of family ownership. Spanning over 6,377 square feet and situated on an impressive .66-acre lot, this remarkable property offers a rare combination of historic character, substantial living space, and exceptional investment potential. The property features four 2-bedroom, 1-bath units and one 1-bedroom plus den, 1-bath unit, with four of the five units currently rented. Beautiful hardwood floors throughout much of the building complement the property's timeless architectural character, while valuable updates and amenities include separate electric and gas meters, coin-operated laundry, and a brand-new boiler and hot water heater installed as part of the 2025 heating system upgrade. The generous .66-acre lot is a rare offering for this location, providing a private backyard and an exceptional outdoor amenity for a multifamily property. Ideally situated in the heart of Pine Hills, the property offers convenient access to area colleges and universities, hospitals, restaurants, shopping, public transportation, and downtown Albany- making it an attractive opportunity for both investors and tenants alike. All Rental Occupancy Permits (ROPs) are current. A truly rare opportunity to acquire a distinguished Victorian five-unit property of this scale, character, and setting in one of Albany's most sought-after neighborhoods. Whether you're looking to add a income-producing property to your portfolio or capitalize on the potential of the vacant unit, 141 S Allen Street presents a truly unique opportunity in one of Albany's most convenient and sought-after locations.

141 S Allen Street

$199,999

6 Beds ⋅ 2 Baths ⋅ 202625592 MLS

Attention Investors !! Looking to start or add to your business porfolio this is a must see. Pre-approval letter or proof of funding before any appointments are confirmed 48 hrs notice . .

312 Third Street

$425,000

6 Beds ⋅ 4 Baths ⋅ 202625591 MLS

Attention Investors !! Looking to start or add to your business portfolio, This is must see. Separate utilities. Long term tenants,All showing or required pre-approval letter or proof of funding before any appointment is comfirmed. 48hrs notice. Rops in place. Sold as is. More photos coming soon.

288-290 Yates Street

$329,000

5 Beds ⋅ 2 Baths ⋅ 202625545 MLS

UPPER WASHINGTON, One of Albany's most desirable areas. Two family properties rarely come for sale in Upper Washington. This home is fully vacant, updated, and made suitable for a new buyer. Front decorated flowery pathway will Welcome you to explore the rest inside. New appliances, gleaming hardwood and shiny tiled with some quality vinyl flooring and flooded with natural light make it a great home to be in. 1st FL has 3 BR, 1 bath, kitchen. 2nd FL contains 2BR, 1 Bath, Living with Dining area. An amazing bedroom in the attic will accommodate additional guests. Make it your primary or rental income property. Easily rentable for $3400/month total.

860 Washington Avenue

$399,000

9 Beds ⋅ 3 Baths ⋅ 202625522 MLS

This Solid Brick Three Unit includes in the price, 536 N Pearl that the house sits on, 538 N Pearl, and 540 N Pearl vacant lots. 538 & 540 N Pearl are zoned Two Family Residential. As for 536 N Pearl it features Three apartments that were originally remodeled by an owner occupied which makes for some unique details of tiles work throughout and unit one featuring a garden tub and coffered livingroom ceiling. Brings in just over $50k/year in annual income.

536-540 N Pearl Street

$425,000

4 Beds ⋅ 3 Baths ⋅ 202625510 MLS

This two-unit townhome, designed by renowned architect Albert W Fuller, is conveniently located opposite Washington Park. Updates/Improvements include: 2018 ~ new 200 amp electric service (no knob and tube in use), all but 3 windows replaced with Anderson windows, mini splits added, 2020 ~ back yard patio installed, rear fence moved to create two parking spots, 2023 ~ plumbing updates to water heater and boiler, 2024/2025 new roof on all sections.

69 S Lake Avenue

$350,000

9 Beds ⋅ 3 Baths ⋅ 202625457 MLS

Investor opportunity in the heart of Albany! Welcome to 73 Clinton Street, a spacious three-unit multifamily property offering approximately 3,300 square feet of living space in a convenient South End location. The property is situated on a corner lot and is being sold together with the adjacent vacant lot at 71 Clinton Street. Just minutes from Downtown Albany, the New York State Capitol, Empire State Plaza, dining, entertainment, shopping, public transportation and major highways, this location offers convenient access to everything the city has to offer. With three separate units and the added value of the adjacent lot, this property presents a unique opportunity for an investor looking to expand their portfolio or an owner-occupant seeking rental income. A rare opportunity to own a substantial multifamily property with additional land in a prime Albany location!

73 Clinton Street

$187,000

5 Beds ⋅ 2 Baths ⋅ 202625412 MLS

Income-Producing Albany Duplex with Recent Updates! Excellent opportunity to own a well-maintained two-family property in Albany. The property features a spacious 3-bedroom, 1-bathroom first-floor apartment and a 2-bedroom, 1-bathroom second-floor apartment. Both apartments have been recently renovated and feature durable vinyl flooring and refreshed interiors. Each unit is currently occupied by a month-to-month tenant paying $1,200 per month. Don't miss the opportunity to add this affordable two-family property to your portfolio! Must provide 48 hour notice, tenants to provide access.

258 1st Street

$175,000

6 Beds ⋅ 2 Baths ⋅ 202625224 MLS

Large two family in convenient Albany location. 3 bdrms both units with large living room and dining area. Fenced rear yard. Close to night life and all amenities. Some TLC will be needed to bring this to its full potential. This property is eligible under First Look Initiative. Owner occupant offers will be responded to after 7 days on the market, however all offers can be submitted during First Look Period.

67 Lark Street

$399,800

5 Beds ⋅ 3 Baths ⋅ 202625187 MLS

49 Hillcrest Ave presents an excellent opportunity in Albany's highly sought-after Eagle Hill neighborhood, conveninently bordering Western Ave.. This one-owner, up/down duplex was constructed in 1983 and offers two distinct living spaces, each with private laundry, outdoor access, and off-street parking. The spacious lower unit spans two floors and over 2000 sq. ft.- with 3 bedrooms and 2 full bathrooms. A modern townhouse-style layout features a wet bar on the lower level, spiral staircase, and separate hallway laundry. The upper unit offers 2 bedrooms and 1 full bathroom, with vaulted ceilings and skylights creating a bright, open living space. A dedicated laundry closet adds everyday convenience. Both units have interior apartment access and direct access to a multi-tiered deck, providing private outdoor space. The property includes a total of four off-street parking spaces. Both units are currently occupied by month-to-month tenants, offering flexibility for future ownership. The location is a major draw--minutes from area hospitals, UAlbany, major Capital District roadways, and directly across Western Ave from the Harriman Campus. The neighborhood is positioned for continued growth with the billion-dollar Wadsworth Laboratory project underway at Harriman. Slated to open in 2030 and projected to employ approximately 800 people, the state-of-the-art facility adds another compelling layer to an already desirable rental location. A well-positioned duplex with flexibility today and strong potential for tomorrow, this property is an excellent value add for the savvy investor and owner/occupy buyer alike! Some photos have been digitally altered for staging purposes. 24 hour showing notice required.

49 Hillcrest Avenue

$369,900

8 Beds ⋅ 2 Baths ⋅ 202625156 MLS

Great income-producing two-family property in a convenient desirable Washington Avenue location! Conveniently located near Albany High School, major national chains, public transportation, with easy access to the University at Albany. The updated first-floor unit offers an excellent opportunity for an owner or investor, while the second-floor unit is currently rented for $2,000/month to a reliable, great-paying tenant. With the vacant first floor, make it owner occupied or a solid income potential projected for $4,000/month in total rental income.

545 Washington Avenue

$624,900

10 Beds ⋅ 10 Baths ⋅ 202625152 MLS

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 Café 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!

531 Western Avenue

$230,000

4 Beds ⋅ 2 Baths ⋅ 202625044 MLS

Welcome to 450 Bradford St, a well maintained two-family property offering a great opportunity for investors or owner-occupants. Both units feature functional living space. Currently tenant occupied, the property provides existing rental income. A solid addition to any investment portfolio.

450 Bradford Street

$184,900

4 Beds ⋅ 2 Baths ⋅ 202625021 MLS

This two-family property offers excellent potential for investors or owner-occupants looking to generate rental income while building equity. Conveniently located near downtown Albany and close to the Warehouse District, with easy access to shopping, restaurants, schools, public transportation, and major roadways. With two separate units and strong rental potential, this property is a solid addition to any investment portfolio. Bring your vision and take advantage of the opportunity to own income-producing real estate in the Capital District.

26 Albany Street

$299,500

6 Beds ⋅ 3 Baths ⋅ 202624914 MLS

GREAT INVESTMENT opportunity in the heart of Albany! This versatile three unit property features two upper level 1-bedroom, 1-bathroom spaces and a spacious 1st floor unit with 3 bedrooms which includes, 1-bath and a 4th room which could be an office or used as a 4th bedroom. There are two updated basement entrances. There is a coin-operated washing maching for convenience, as well. Property is located near schools, colleges, shopping and churches. The basement offers additional potential for income-producing space or any creative expansion. Bathroom in basement. Two newer water heaters.

16 Benson Street

$324,900

4 Beds ⋅ 2 Baths ⋅ 202624911 MLS

Great opportunity for investors looking to add a solid two-family property to their portfolio in a desirable Albany location! Conveniently located close to shopping, dining, entertainment, major roadways, and everything Albany has to offer. Not to mention down the street from University at Albany's downtown Campus! Each unit offers 2 bedrooms and 1 full bath. The upper unit was recently turned over and previously rented for $1,700/month, while the lower unit was rented for $1,500/month. Both units have a history of long-term occupancy, with the previous tenants in place for approximately 3 and 9 years. An additional bonus for investors is the property's 10-space parking lot, which provides potential for additional rental income by leasing spaces to nearby residents. A great opportunity for an investor seeking rental income, value-add potential, and additional income streams in a convenient Albany location!

473 Washington Avenue

$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

$249,900

6 Beds ⋅ 2 Baths ⋅ 202624678 MLS

Incredible turn-key income opportunity in a prime Albany location! This classic two-family multi-unit property features two spacious, fully updated apartments with strong rental history and exceptional cash-flow potential. Ideally positioned along Washington Ave with direct access to local transit, UAlbany, St. Peter's Health, downtown state offices, and vibrant local dining. Perfect for an investor looking to expand their portfolio or an owner-occupant looking to let a tenant pay down the mortgage. Off-street options, low-maintenance exterior, and separate utilities make this an effortless addition to your real estate portfolio. Schedule your private showing today!

762 Clinton Avenue

$529,000

4 Beds ⋅ 4 Baths ⋅ 202624599 MLS

Welcome to this beautifully maintained fully occupied 4 Unit, ideally located in the heart of Albany. Each spacious full-floor unit showcases original architectural details throughout, including stunning marble mantels which highlight the home's historic character. Thoughtful updates enhance both style and functionality, with remodeled kitchens and baths featuring granite countertops, updated flooring, a rubber roof, newer windows, hot water tanks, and much more. The property has also been freshly painted and offers separate utilities for added ease. Conveniently located in the highly sought-after Center Square, Hudson Park, and Washington Park neighborhoods. Just minutes from the State Capitol, downtown government and legislative buildings, Albany Medical Center, Albany Law School, SUNY, as well as restaurants, galleries, and local shops. Ideal for investors seeking a strong addition to their portfolio. Do not miss this rare opportunity in an exceptional location.

137 Lancaster Street

$539,000

4 Beds ⋅ 4 Baths ⋅ 202624598 MLS

Welcome to this beautifully maintained fully occupied 4 Unit, ideally located in the heart of Albany. Each spacious full-floor unit showcases original architectural details throughout, including soaring cathedral ceilings, original fireplaces, crown molding, mantels, hardwood floors throughout, stained glass windows and much more, highlighting the home's historic character. The property offers separate utilities for added ease. Conveniently located in the Washington Park neighborhoods. Just minutes from the State Capitol, downtown government and legislative buildings, Albany Medical Center, Albany Law School, SUNY, as well as restaurants, galleries, and local shops. Ideal for investors seeking a strong addition to their portfolio. Do not miss this rare opportunity in an exceptional location.

221 Lancaster Street

$149,900

4 Beds ⋅ 2 Baths ⋅ 202624568 MLS

Nice affordable 2 family located in convenient location features large living rooms, large kitchens, separate utilities, back decks! Great for investment or owner occupied!

15 Sherman Street

$375,000

8 Beds ⋅ 5 Baths ⋅ 202624530 MLS

Excellent opportunity to own a solid three family property in a convenient Albany location. This well maintained building features long term tenants, a strong rental history, and a solid investment profile. Each unit offers comfortable living space, while the basement includes coin operated laundry for added convenience and additional income potential. Conveniently located near shopping, dining, transportation, and major roadways. A great opportunity for an investor looking to extend their portfolio

145 Ontario Street

$399,000

6 Beds ⋅ 2 Baths ⋅ 202624508 MLS

16 Harris is a large two-family home located in the Helderberg Neighborhood off of New Scotland Avenue. Walkable to Albany Med, and several restaurants. Each unit has 3 bedrooms, 1 bathroom, and has been renovated within the last 5 years. There are new kitchens, new bathrooms, and refinished hardwood flooring. There are separate washer and dryers in the basement, a driveway and a 2 car garage.

16 Harris Avenue

$225,000

6 Beds ⋅ 2 Baths ⋅ 202624490 MLS

Perfect for owner-occupants and investors alike, this beautifully renovated duplex offers strong income potential of up to $2,867 per month. Situated on a quiet street in Albany's South End, the property features updated interiors and a brand-new roof, providing peace of mind and excellent value. A great opportunity to live in one unit while generating rental income, or add a turnkey property to your investment portfolio. The upstairs unit is currently rented for $1,417/month, while the downstairs unit has been intentionally left vacant, offering the perfect opportunity for an owner-occupant to move right in or an investor to secure a new tenant at market rate.

44 Osborne Street

$369,900

7 Beds ⋅ 5 Baths ⋅ 202624358 MLS

Located in Albany's historic Ten Broeck Triangle, this distinctive three-unit property offers a rare opportunity to own and restore a piece of Albany's architectural history, while creating the potential for rental income to help offset the cost of homeownership. Featuring seven bedrooms and five baths, the home offers exceptional flexibility for an owner-occupant or investor. The expansive two-level upper unit features a spacious primary bedroom with remarkable views of the Albany skyline, including the Empire State Plaza and The Egg. A detached two-story carriage house/garage provides valuable off-street parking and additional potential, including possible future accessory dwelling use, subject to zoning and municipal approvals. A unique opportunity combining history, income potential, impressive views, generous space, and an exceptional location.

28 1st Street

$795,000

9 Beds ⋅ 6 Baths ⋅ 202624324 MLS

Excellent 6-Unit Investment Opportunity in Albany's Pine Hills! Well-positioned multifamily property in the desirable Pine Hills neighborhood. Strong rental potential with convenient access to restaurants, shopping, public transportation, colleges, and downtown Albany. An excellent opportunity for investors looking to add a multifamily asset to their portfolio. Property offers multiple income-producing units and potential for future value appreciation. Updated units, all new plumbing and electrical. Total yearly income $74,950.00 (full detailed sheet available).It can sold as a package with 77 S. Allen (3 units) and 328 Western Ave (10 units).

299 Quail Street

$1,499,900

10 Beds ⋅ 10 Baths ⋅ 202624326 MLS

RARE 10-UNIT INVESTMENT OPPORTUNITY IN PINE HILLS! Rarely available this brick multifamily property in Albany's desirable Pine Hills neighborhood. Opportunities of this size and location do not come along often. This income-producing asset offers investors the chance to own a substantial multifamily property in an established rental market with convenient access to colleges, hospitals, restaurants, shopping, public transportation, and downtown Albany. A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location. Potential yearly $168,900.00. Full expense sheet is available under docs. It can be sold as a package with 77 S. Allen (3 units) Street and 299 Quail Street (6 units)

328 Western Avenue

$349,900

5 Beds ⋅ 2 Baths ⋅ 202624306 MLS

ATTENTION INVESTORS, INCOME PRODUCING, WELL MAINTAINED 5-bedroom, 2 Bath with 2800+ Sq ft. Sec 8 tenants paying market rents Open House Sunday (12-2pm) 8/23/2026 Both units feature their own living room, dining room, and enclosed front porch, while the 2nd fl includes an alcove, spacious primary bedroom with a walk-in closet. The home has been freshly painted and features new flooring throughout. The first floor provides a potential 4th bedroom or bonus room while still maintaining separate living and dining spaces. A clean, dry basement with washer/dryer hookups adds convenience and more storage and the backyard is also fenced in. This is a great opportunity for an investor looking for an established rental that's already generating income. Add it to your portfolio and start collecting from day one--schedule your showing today!

1 N Manning Boulevard

$295,000

3 Beds ⋅ 2 Baths ⋅ 202624207 MLS

Always rented two family home in a quiet neighborhood just off of Whitehall. Great home for an owner occupant or an investor looking to add to their portfolio. This property is surrounded by single family homes. First floor is a recently updated two bedroom flat. Beautiful kitchen with newer cabinets, countertops, stainless steel appliances and ceramic tile flooring. Gleaming hardwood floors with a good sized primary bedroom and a washer and dryer in the unit. Upstairs is quaint one bedroom unit with living room, kitchen and washer/dryer. Off street parking. Fenced in back yard. One car detached garage that is being sold ''as-is.'' Can be packaged with 677 Washington Ave.

1 Mariette Place

$235,000

6 Beds ⋅ 2 Baths ⋅ 202624159 MLS

Well-maintained two-family property offering a fantastic opportunity for investors or those looking to expand their portfolio! Featuring beautiful hardwood floors throughout both units, this property combines charm with solid investment potential. The upper unit is currently rented $1500 on a one-year lease, providing immediate rental income. Enjoy reasonable pricing, low taxes, and the potential to add a strong income-producing property to your portfolio. Don't miss this opportunity!

385 Orange Street

$799,000

18 Beds ⋅ 9 Baths ⋅ 202623856 MLS

Three tax lot offering of three townhouses with seven units in total. All three buildings are mechanically connected. Two minutes from major highways and walking distance to downtown. Current configuration is four 1-bed/1-bath units, one 2-bed/1-bath unit, one 3-bed/1-bath unit, and one 4-bed/2-bath units. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires 48 hour notice to show. Showing availability M-F only during business hours. Sale includes tax lots: 65.72-6-10, 65.72-6-9, 65.72-6-8.

304-308 Clinton Avenue

$715,000

11 Beds ⋅ 9 Baths ⋅ 202623775 MLS

Three tax lot offering of two townhouses with two units each and one mixed-use townhouse with ground floor commercial space and two units above. All three buildings are mechanically connected. Two minutes from major highways and walking distance to downtown. Current configuration is four 1-bed/1-bath units, one 3-bed/2-bath unit, and one 4-bed/2-bath unit. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires 48 hour notice to show. Requests for showings on a Monday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours. Sale includes tax lots: 65.64-4-37, 65.64-4-38, & 65.64-4-39.

341-345 Clinton Avenue

$650,000

13 Beds ⋅ 8 Baths ⋅ 202623770 MLS

Well maintained 6-unit apartment building in the Ten Broeck Triangle neighborhood of Albany. Two minutes from major highways and walking distance to downtown. Current configuration is two 1-bed/1-bath garden level units, two 1-bed/1-bath 1st floor units, one 4-bed/2-bath 2nd floor unit, and one 4-bed/2-bath 3rd floor unit. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires Property requires 48 hour notice to show. Requests for showings on a Monday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours.

11 Ten Broeck Street

$374,900

4 Beds ⋅ 2 Baths ⋅ 202623722 MLS

Welcome to this well-positioned 2-family property in Albany's sought-after Pine Hills neighborhood, offering an excellent opportunity for both investors and owner-occupants. This updated duplex has dedicated living space, two kitchens, updated kitchens and baths, new appliances, durable solid-surface flooring, and a finished attic accessible from Unit 2 that provides valuable additional living space. Numerous improvements have been completed in recent years, including an updated electrical panel, electric meter, gas meter, and hot water tank in 2024; a washer and dryer and a concrete slab installed around the exterior of the home in 2025; and bathroom improvements. Conveniently located near major roadways, shopping, restaurants, schools, and public transportation, with easy access to the bus line. With its flexible two-family layout, substantial recent improvements, and desirable Pine Hills location, this property presents a compelling opportunity to generate rental income while building long-term value--or live in one unit and rent the other.

92 N Allen Street

$190,500

4 Beds ⋅ 2 Baths ⋅ 202623535 MLS

INVESTORS & FIRST TIME BUYERS--- THIS ONE IS FOR YOU !!!! Why rent when you can own & start building equity? This two - family property offers an incredible opportunity to live in one unit , rent out the other and potentially live free. Each unit 2 bedroom & a bonus room could be another bedroom, 1 full bathrooms spacious layout. Additional highlights include: 2,340 sq ft. Low taxes, Two parking pads , Large fenced yard. Both units are rented, month to month. Conveniently located near downtown, hospital, dining, and the bus line. Great opportunity you don't want to miss !

480 3rd Street

$265,000

6 Beds ⋅ 2 Baths ⋅ 202623464 MLS

383 Orange Street: Recently renovated, featuring brand-new flooring and fresh, modern paint. Move-in ready for your future tenants or for yourself. Both units are fully vacant, giving you complete control to screen and select your own quality tenants from day one.Located in the heart of Albany, this property provides easy access to the city's amenities, transportation, and major hubs. Its recent upgrades ensure less immediate maintenance for the new owner, allowing for a seamless transition into your portfolio

383 Orange Street

$350,000

2 Beds ⋅ 2 Baths ⋅ 202623415 MLS

Open House Sunday, 11:30 AM-1:00 PM. Step back in time and explore this meticulously maintained mid-1850s Albany two family brownstone. The owner occupied, two story residence showcases hardwood floors throughout, two original (non functioning) fireplaces, a beautifully renovated kitchen, a full bath with a classic clawfoot tub, a spacious primary bedroom with a walk in closet, and the convenience of an upstairs washer and dryer. The recently renovated garden apartment is leased through February at $1,300 per month. The owner currently pays utilities, and the garden unit also includes its own washer and dryer. Public water and sewer. The main residence is easy to show. Inquire today!

225 Jay Street

$175,000

4 Beds ⋅ 2 Baths ⋅ 202623320 MLS

Attention investors, great value add potential in this central Albany location. Mixed use building with former salon on first floor and apartment on second floor/third floor. The salon has a half bathroom and the apartment is 4 beds, 1 full bath. There is a two car garage with alley access in the rear of the building. Basement provides ample storage space. Property is being sold as-is with most contents left in place. This is a blank canvas ready to be transformed.

188 Clinton Avenue

$290,000

6 Beds ⋅ 3 Baths ⋅ 202623243 MLS

This three-story brick mixed-use building features a vacant commercial storefront & 2 occupied apartments, 2nd fl. rented at $1,500/month 3rd fl. has a long-term tenant paying $1,250/month. Estimated gross annual rental income is approximately $60,000. The roof has been professionally silicone-coated, providing an estimated 15-20 years of added protection.

151 S Pearl Street

$259,900

8 Beds ⋅ 2 Baths ⋅ 202623201 MLS

Excellent opportunity for both investors and owner-occupants! This spacious two-family property features two 4-bedroom units, offering exceptional income potential and flexible living arrangements. The first-floor unit is occupied by a long-term tenant paying $2,000 per month through a full assistance program, providing reliable rental income from day one. The second-floor unit is vacant, giving buyers the opportunity to move right in or lease it at current market rent to maximize cash flow. With generous room sizes, separate living spaces, and strong investment potential, this property is ideal for building equity while offsetting your mortgage or expanding your rental portfolio. Conveniently located near downtown Albany, major highways, shopping, restaurants, schools, hospitals, and public transportation, this is a versatile property you won't want to miss!

19 Stanwix Street

$334,000

3 Beds ⋅ 4 Baths ⋅ 202623045 MLS

Opportunity awaits, 2 FAMILY POTENTIAL. 50 years of cherished single family ownership, this stunning Victorian home, timeless character is ready to welcome a new owner/investor. New gourmet kitchen with premium Bosch appliances, new boiler, new chimney liner, roof and front porch maintenance, repairs in progress. Three full bathrooms -- one conveniently located on each floor. 2nd and 3rd floors each offer partial kitchens. Spacious living areas including an elegant living room, a charming library with a cozy window seat, and an oversized formal dining room perfect for gatherings. There is room for everyone, with additional living space available on the third floor. Unwind on the private back deck or relax on the inviting front porch. Ideally located near hospitals, shopping, restaurants, entertainment, and just steps from three bus lines, this exceptional Victorian blends historic charm with modern comfort in a truly convenient location. Home is currently assessed at $389,900. Listing agent will assist the buyer to file a tax grievance, May 2027. Ductless A/C to be sold as is, operating but older units. Electric thermostat, baseboard heat on the 3rd floor, sold as is.

52 S Allen Street

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