Albany Real Estate | Albany Multi-Family Homes for Sale

6 Beds ⋅ 2 Baths ⋅ 202628916 MLS

Welcome to this stunning, structurally solid Albany two-family home, offering a perfect blend of historic charm and modern updates. Perfect for an investor or an owner-occupant, this property features two beautiful layouts boasting solid wood trim, custom woodwork around the doorways, and timeless hardwood floors throughout. The spacious second-floor unit is intentionally vacant, making it an ideal opportunity for an owner-occupant. This larger unit offers an exceptional living experience, featuring a front balcony and a large private rear balcony perfect for outdoor relaxation. Cooking enthusiasts will love the kitchens gas stove, and the bathroom has been newly renovated. The first-floor unit is occupied by great tenants, providing immediate stability. Both units enjoy access to a spacious yard ideal for outdoor activities, a large basement, and a massive walk-up attic offering endless possibilities for storage or future customization. Conveniently located close to local shops, restaurants, and public transportation, this home features amazing architecture, solid bones, and an unbeatable location. Schedule your tour today to see all the potential this incredible property has to offer.

831 Washington Avenue, Albany

$329,000

8 Beds ⋅ 2 Baths ⋅ 202628894 MLS

Looking for your next real estate investment? This spacious 8-bedroom duplex offers excellent rental income potential and an opportunity to build long-term value. Upgrades and improvements already completed. Located in the heart of Pine Hills. This duplex is a great opportunity for investors looking to expand their portfolio and maximize future potential.

530 Hudson Avenue, Albany

$360,000

2 Beds ⋅ 2 Baths ⋅ 202628887 MLS

Updated 2-family in Albany's vibrant neighborhood known for lively arts & nightlife. This prime Center Square & Hudson Park Historic District is walking distance to restaurants, galleries, boutiques, farmers market, Washington Park, MVP Arena, Empire State Plaza & downtown employment, Albany Med in 4 blocks. Enjoy easy living walking to unique coffee shops (Station 6, Daily Grind), local bars, outdoor concerts & festivals in this tight knit community. Retreat to your sweet pad as each unit offers modern comfort w/ a new kitchen, bath, vinyl floors, fresh paint, new appliances. Rent both units OR occupy a unit while your tenant pays your mortgage. It's a win win ROI (return-on-investment)! Enjoy the fenced in backyard & gardens under the stars. Lower unit features 1 bedroom, 1 bath, gorgeous kitchen with breakfast bar, solid surface counter tops, open living room, washer/dryer & new dishwasher. Upper unit has a brand new updated bathroom, 1 bedroom, vaulted ceiling, lots of natural light, a spacious living room, cozy reading nook, big kitchen w/ all new appliances and breakfast nook & back porch. Both units have ample storage, closet space. Current rent is $1350 for each unit, however, market rent is $1500 for 1 bedroom. On street parking w/ residential permit. Most recent updates: new exterior paint, new front stairs, new basement window, new roof.

39 Irving Street, Albany

$245,000

6 Beds ⋅ 2 Baths ⋅ 202628883 MLS

This move in ready home is good cash flow as an investment property or owner occupancy. Home is well maintained and is ready to turn a profit or pay the mortgage for its new owner. Both units have been renovated in the last two years. Long term tenants are in both units.

478 1st Street, Albany

$565,000

8 Beds ⋅ 4 Baths ⋅ 202628845 MLS

Investors, take notice! Welcome to 474 Madison Avenue, a turnkey 4-unit apartment building located in the heart of Albany! Offering approximately 4,680 sq. ft. of building space on a 0.06-acre lot, this property presents a great opportunity to add to your investment portfolio. As an added benefit, the seller will provide a brand-new natural gas boiler serving the entire building, professionally installed and warrantied by Crisafulli Bros. prior to closing. Conveniently located near Washington Park, local restaurants, shopping, and public transportation. Don't miss your chance to explore all this Albany investment property has to offer!

474 Madison Avenue, Albany

$430,000

6 Beds ⋅ 3 Baths ⋅ 202628815 MLS

Take advantage of this versatile, well-maintained two-family property offering excellent income potential and flexible living arrangements! Whether you're looking to generate rental income or offset your mortgage by living in one unit and renting the other, this property offers plenty of possibilities. The first-floor unit features 3 bedrooms, 2 full bathrooms, a living room, dining room, and an additional rear area for living space, and it leads to a lovely deck—perfect for enjoying outdoor space. . The second-floor unit offers 3 bedrooms, 1 full bathroom, a living room, dining room, and an enclosed front porch that provides additional versatile space. The property also features a clean, dry basement with ample storage potential, off-street parking, coin-operated laundry, and separate utilities—all valuable amenities for both residents and property owners. Conveniently located near hospitals and the SUNY campus, this property offers an appealing location for homeowners and potential tenants alike. Live in one unit and rent the other, or add this promising property to your investment portfolio! Don't miss this opportunity to own a well-maintained two-family home with plenty of potential.

638 Providence Street, Albany

$220,000

6 Beds ⋅ 2 Baths ⋅ 202628775 MLS

Prime Albany investment location offering unbeatable convenience and vibrant neighborhood living! Located directly across the street from the green open spaces and playground of Colby Park—and just steps from historic Swinburne Park—this home puts recreation right at your doorstep. Everyday errands are effortless with CDTA bus routes around the corner and premier shopping/dining at Westgate Plaza and Central Ave under 3 minutes away. Enjoy quick, easy access to all of Albany's best cultural hubs: just ~5-7 minutes (~2 miles) to historic Washington Park and the boutique dining, arts, and coffee shops of vibrant Lark Street, and under 10 minutes (approx. 3.5 miles) to Downtown Albany, the State Capitol complex, and major highways. A rare find combining quiet parkside views with rapid access to everything the Capital District has to offer! Roof Is only 5 years old & newer hot water tanks. Street Parking. 1st Floor unit is vacant 2nd Floor unit will be Vacant on 11/30/2026 at the latest

32 Colby Street, Albany

$299,900

6 Beds ⋅ 3 Baths ⋅ 202628760 MLS

Solid 3 unit brick building left vacant for the new owner to choose their own tenant and pull in the 2026 projected rents for Albany. For a 2 bedroom is $1,702 per flat. Fresh ROP's will be handed over for the new landlord. $5,106 per month. Loads of updates in 2021 + silicone coated roof in 2021. THREE apartments left vacant on purpose for the new owner to choose their own tenant. 2 BRAND NEW BOILERS FOR 2 APARTMENTS & ONE BRAND NEW SPACE HEATER FOR THE 3RD UNIT - $17-18K Value. The 1st floor unit has washer & dryer hookups. Features include hardwood flooring, ceramic tile, some newer windows and a back deck.

54 Alexander Street, Albany

$324,000

6 Beds ⋅ 3 Baths ⋅ 202628676 MLS

Located in Albany's historic Mansion District, 101 Philip Street is a three-unit property offering an excellent opportunity for investors and owner-occupants alike. The building features three two-bedroom apartments and was extensively renovated in 2015 with all new building systems, including plumbing and heating, as well as updated kitchens and bathrooms. Each apartment features wood flooring and in-unit laundry. Utilities are separately metered, with tenants responsible for their own heat. Additional amenities include a shared backyard and convenient access to Empire State Plaza, the State Capitol, and downtown Albany. One apartment is currently leased at $1,450 per month, with the remaining two units vacant, offering immediate leasing flexibility or an opportunity for owner-occupancy. Projected gross rental income is $49,680 annually ($4,140/month) based on estimated market rents.

101 Philip Street, Albany

$399,900

5 Beds ⋅ 2 Baths ⋅ 202628658 MLS

A RARE TWO-FAMILY OPPORTUNITY—A HOME OF YOUR OWN WITH RENTAL INCOME POTENTIAL! Welcome to 29 Turner Place, a well-maintained legal two-family in Albany's desirable Whitehall neighborhood. 5 bedrooms, and 2 full bathrooms across two units. Make one unit your home and rent the other to help offset ownership costs, or add this versatile property to your investment portfolio. Spacious living areas, attractive flooring, inviting kitchens, and beautifully finished bathrooms create a welcoming feel throughout. A generous front yard and spacious backyard offer room for outdoor dining, gardening, and relaxing. The exceptionally spacious, partially finished basement offers ample storage and the opportunity to complete the remaining space to suit your vision, subject to any required approvals. Enjoy the space you want, a desirable Albany location, and the flexibility of two-family ownership. Schedule your private showing today!

29 Turner Place, Albany

$1,150,000

12 Beds ⋅ 6 Baths ⋅ 202628618 MLS

Excellent opportunity to acquire a 6-unit multifamily portfolio with an adjoining vacant lot in the heart of downtown Albany! Featuring two three-family buildings at 341 and 364 Madison Avenue, this investment offers a desirable mix of newer construction and updated apartments. 364 Madison, built in 2020, features spacious modern layouts, open-concept living, contemporary kitchens, central air, and in-unit laundry. Both properties offer strong rental income and attractive layouts in a highly desirable downtown location. The adjoining vacant lot at 366 Madison provides additional flexibility and potential. Conveniently located near the NYS Capitol, Empire State Plaza, restaurants, and downtown amenities. Portfolio sale only!

364-366 Madison Avenue, Albany

$469,900

4 Beds ⋅ 2 Baths ⋅ 202628572 MLS

Two Family Albany, NY. Nestled off of New Scotland Avenue in Albany's Upper Part, this two-family home offers a rare and quiet invitation. First floor offers a large living room and cozy fireplace. Formal dining room, two comfortable bedrooms: the primary is generous size, opens to a large walk-in closet and a three-season room, An ideal nook for morning coffee. Full basement holds possibilities and includes the laundry room. Second unit includes a combined living room open to the dining area. Two bedrooms, primary bedroom room leads to an extra room, possibilities for an office or laundry room. Attached garage. Plenty of parking space. Large backyard. Close to all shopping, hospitals, highways. The choice is yours to continue to rent or step into ownership for the future.

5 Berncliff Avenue, Albany

$309,900

6 Beds ⋅ 2 Baths ⋅ 202628552 MLS

Welcome to 238 Morris St, a versatile 2,616 sq ft. two-family offering six bedrooms and two full baths in Albany's convenient Park South neighborhood. Built in 1920 and thoughtfully updated, this property includes a newer roof, new heating system, new water line, updated kitchens, and in-unit laundry for both units. The property is completely vacant and easy to show. When rented, it generated $3,250 in monthly income, with room to grow. At a roughly 7% cap rate in a desirable area close to Washington Park, Albany Medical Center, Russell Sage and Albany Law on a quiet street, this is an attractive investment for investors and house-hackers alike. Schedule your showing today!

238 Morris Street, Albany

$240,000

5 Beds ⋅ 3 Baths ⋅ 202628524 MLS

Great investment or owner-occupant opportunity! This corner-lot property is currently a legal two-family with potential to convert to a three-family with the addition of a required fire escape . The vacant first floor offers 2 bedrooms, the tenant-occupied second floor has 3 bedrooms, and the third floor features 1 bedroom. An additional lot is included, adding even more possibilities! Property needs some TLC, and the seller is offering a $5,000 credit at closing toward repairs or improvements. Great opportunity to build equity and maximize rental potential. Buyer to verify all requirements for three-unit conversion with the Building Department.

44 Quail, Albany

$449,000

6 Beds ⋅ 4 Baths ⋅ 202628433 MLS

85 South Lake Ave is a unique two-family duplex rowhouse located in one of Albany's best rental corridors - directly on Washington Park. Each apartment has two floors of living space, three bedrooms and two full bathrooms each. The total living space is 2,639 sq. ft. Both units have been renovated and updated. Major improvements include; new water and sewer lines, plumbing, kitchens, updated electrical, new windows, added insulation, newly painted, new exterior stairs, washer and dryer hook-ups, motion senser lighting, new and updated bathrooms. The main roof and furnace are approximately 10 years old. Front porch and kitchen roof are less than two years old. Each unit includes large rooms and closets, comfortable living spaces, ample natural light and functional layouts. The utilities are not split and have never been a cost or convenience issue. The building is incredibly efficient, being a row house with new insulation and windows. This building is a great turn-key investment opportunity - ready to rent or for owner occupied. Gross annual rental revenue is over $51,000. Both units are currently vacant due to renovation, creating the rare opportunity for the owner to place their own tenants at current market rates to maximize cash flow. The prime location makes renting easy - 98% occupancy rate over the last 30 years. On-street parking is readily available at all hours - most of the row houses have off-street parking. Off-street parking is possible with City of Albany approval.

85 S Lake Avenue, Albany

$199,000

4 Beds ⋅ 2 Baths ⋅ 202628393 MLS

Great investment opportunity at 94 Ontario Street in Albany! This updated two-family property offers 2,024 square feet of living space, featuring 4 bedrooms and 2 full bathrooms, with each unit offering 2 bedrooms. Both units generate $1,100 per month, providing a combined rental income of $2,200 monthly or $26,400 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1880, this property offers updated living spaces, a full basement, and existing rental income. Whether you're an experienced investor looking to expand your portfolio or purchasing your first multifamily property, 94 Ontario Street offers a great opportunity to generate income and build equity. Schedule your showing today!

94 Ontario Street, Albany

$139,000

6 Beds ⋅ 2 Baths ⋅ 202628385 MLS

Opportunity awaits at 528 1st Street in Albany! This two-family property offers 2,640 square feet of living space, featuring a total of 6 bedrooms and 2 full bathrooms. Both units generate $750 per month, providing a combined rental income of $1,500 monthly or $18,000 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1890, this property presents an excellent opportunity for investors looking to expand their portfolio or add value through improvements. The property could benefit from cosmetic updates, giving the next owner the opportunity to make improvements and potentially increase rental income over time. Whether you're an experienced investor or looking to purchase your first multifamily property, 528 1st Street offers existing rental income and room for future growth. Schedule your showing today!

528 1st Street, Albany

$460,000

4 Beds ⋅ 3 Baths ⋅ 202628342 MLS

Fantastic opportunity for owner-occupants or investors in the heart of Albany's highly desirable Center Square/Hudson Park neighborhood! Meticulously maintained and filled with charm, this spacious 3-unit property offers incredible income potential with over $4,500/month in projected rental income when fully occupied! Offering immediate owner-occupancy potential with a vacant basement unit, this property is ideal for those looking to live in one unit while generating rental income from the others. Both the basement and second-floor units have been updated, featuring updated kitchens with stainless steel appliances and updated bathrooms. Beautiful hardwood flooring flows throughout the first and second floors, while the basement unit features new tile flooring. Each unit is filled with natural light, charm, and character, creating warm and inviting living spaces. Additional highlights include a new roof, new sewer line, and the convenience of shared basement laundry. Location, location, location! Just minutes from Washington Park, Albany Medical Center, St. Peter's Hospital, SUNY Albany, Lark Street, downtown Albany, state offices, the Capitol, and an abundance of coffee shops, restaurants, art galleries, nightlife, and other desirable downtown attractions. Whether you're looking to expand your investment portfolio or enjoy city living while collecting rental income, this is an opportunity you won't want to miss! Schedule your showing today!

346 Hudson Avenue, Albany

$?

4 Beds ⋅ 4 Baths ⋅ 202628333 MLS

ATTENTION INVESTORS! AUCTION OPPORTUNITY! Four unit multifamily property located at 47 Sherman Street in Albany! Excellent opportunity for investors looking to expand their rental portfolio or add a multifamily asset with income potential. Conveniently located near downtown Albany, major roadways, shopping, dining and local amenities. Property is being sold strictly as is, with no representations or warranties. OCCUPIED PROPERTY! DO NOT DISTURB OCCUPANTS OR ATTEMPT TO ACCESS THE PROPERTY. TRESPASSING IS A CRIMINAL OFFENSE. Buyer responsible for all due diligence, including verification of property condition, unit configuration, occupancy and auction terms. Don't miss this investment opportunity!

47 Sherman Street, Albany

$280,000

4 Beds ⋅ 3 Baths ⋅ 202628258 MLS

Charming Albany Brownstone Triplex - Excellent Investment Opportunity! Own a beautiful brownstone triplex in a convenient downtown Albany location! Ideal for investors or owner-occupants, this property features three units, each with its own unique charm, hardwood floors, and eat-in kitchens. Unit 3 is vacant and ready for an owner-occupant or new tenant. Units 1 and 2 are occupied, with rent payments up to date. Recent updates include a newer rubber roof and hot water heaters. All units have separate electric meters and electric heat, with tenants responsible for their own electric costs. Conveniently located on a bus line and near Washington Park, local shops, restaurants, the Palace Theatre, and downtown amenities. Situated within an Albany Opportunity Zone, this property offers excellent potential to build equity and generate rental income. A fantastic opportunity to own a versatile, income-producing property in the heart of Albany!

432 Clinton Avenue, Albany

$1,100,000

14 Beds ⋅ 7 Baths ⋅ 202628215 MLS

Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *921 Park Ave is being sold as a package deal with 917 Park Ave. Please refer to MLS #202628213 for the related listing.

921 Park Avenue, Albany

$1,100,000

14 Beds ⋅ 7 Baths ⋅ 202628213 MLS

Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *917 Park Ave is being sold as a package deal with 921 Park Ave. Please refer to MLS #202628215 for the related listing.

917 Park Avenue, Albany

$358,550

6 Beds ⋅ 2 Baths ⋅ 202628166 MLS

1927 Charm meets modern-day convenience! This beautifully renovated two-family home offers 3 bedrooms and 1 full bath per unit, with brand-new kitchen and bathrooms, fresh interior and exterior paint, and an updated basement. Turn-key and ready to go- perfect for an investor or owner-occupant Looking for a property with character and modern updates. Don't miss this opportunity--schedule your showing today!

52-54 Southern Boulevard 2, Albany

$325,000

4 Beds ⋅ 3 Baths ⋅ 202628148 MLS

This well-maintained brick 3-unit is a strong addition to any portfolio or a great opportunity for an owner-occupant. The basement unit is rented month-to-month ($825), while the first-floor two-bedroom is vacant and features vaulted ceilings, hardwood floors, and original built-ins. In unit washer and dryer hookups add convenience. The third-floor one-bedroom is rented on a lease ($1,000) with a long-term, stable tenant. Separate utilities. New electric connections for each unit, and newer back porches. Located in Albany's historic Mansion District, this property offers both flexibility and reliable income potential.

74 Philip Street, Albany

$397,000

6 Beds ⋅ 3 Baths ⋅ 202628110 MLS

Excellent Albany 3-unit investment opportunity at 695 State Street! This well-maintained property offers three separate apartments with approximately 1,976 square feet of living space plus a full basement. The first-floor 3-bedroom apartment features hardwood floors and a front porch and is currently leased at $1,450/month. The second-floor studio with enclosed porch is leased at $850/month. The second-floor 2-bedroom apartment is currently vacant, offering an immediate opportunity for an owner-occupant or new rental income. Major updates include a 2014 renovation with approximately 90% of the structure gutted and updated, including new electrical wiring, insulation, sheetrock, kitchens, bathrooms, windows, exterior doors, and three heating systems. New siding was installed in 2012 and a new roof in 2023. The property consists of two tax parcels conveyed together under one deed and includes a detached 2-stall garage located at 172 Spring Street. A strong opportunity for an investor looking for income, or an owner-occupant seeking additional rental income. Garage sold As Is. Potential gross rental income when fully occupied: approximately $42,000 annually.

695 State Street, Albany

$350,000

6 Beds ⋅ 2 Baths ⋅ 202628102 MLS

Large 2 family home. A must see duplex. 3 bedrooms in both units. Hardwood floors throughout both units. Front and back porches for both units. Wonderful front, back and side yard. Basement divided for both units. Washer and dryer hook ups available. Conveniently located near the bus line and both 787 and I90. Schools and hospital within 2 minutes drive and 7 minute walk. Current annual rental income approximately $38,000 with room to increase.

20-22 McCrossin Avenue, Albany

$320,000

6 Beds ⋅ 2 Baths ⋅ 202627995 MLS

Beautiful, well-maintained Albany two-family with established rental income! Welcome to 171 N Allen St, a standout property that has been lovingly maintained both inside and out. Offering approximately 2,500 square feet of living space across two units, this property is an excellent opportunity for both first-time buyers and seasoned investors. Pride of ownership is evident throughout, from the well-kept exterior to the thoughtfully maintained interior. Each unit offers three spacious bedrooms, a generously sized living room, and a large, inviting kitchen with ample counter space, plenty of cabinetry, gas stoves, and dishwashers. Both units also feature enclosed rear porches, offering flexible space for additional storage or a cozy sitting area to relax and unwind. The upstairs unit also enjoys a front porch overlooking North Allen Street. Outside, the fenced-in backyard provides a great space for hosting gatherings, entertaining guests, or simply enjoying some fresh air. Additional features include a spacious basement with plenty of room for storage, an existing washer and dryer, and a separate area with potential for a second laundry setup. Both units are currently occupied by great tenants, with leases running through May 2027, providing an established rental schedule from day one. Conveniently located near public transportation, with dining, entertainment, and local amenities all within walking distance. The property is also just a short distance from Albany's colleges and universities, adding to its appeal as a rental property. Whether you're looking to expand your investment portfolio or eventually make one unit your own while generating income from the other, 171 N Allen offers plenty of possibilities. Inquire today!

171 N Allen Street, Albany

$270,000

5 Beds ⋅ 3 Baths ⋅ 202627982 MLS

Excellent opportunity for your next investment property or first home while producing cash flow. Large 3-Unit needs some rehab. Top floor: 2 bedroom, 2nd floor: 2 bedroom, Garden level: large 1 bedroom. New roof and windows. Conveniently located, close to bus lines and just minutes from the highway. This property is being sold AS-IS. Hold Harmless disclosure to be completed prior to showing.

8 Alexander Street, Albany

$375,000

6 Beds ⋅ 4 Baths ⋅ 202627964 MLS

60 Clinton Street, Albany, NY | Historic Charm & Income Potential Full of charm and character, this well-maintained property features exposed brick, unique repurposed details, and views of St. Joseph's Church and the New York State Capitol. Enjoy a prime downtown location within walking distance of Olde English, McGeary's, The Palace Theatre, and Capital Repertory Theatre. Currently generating $3,500/month in gross rental income, this property offers versatility for investors or owner-occupants, with potential for traditional rentals, traveling nurse housing, or Airbnb, subject to applicable local regulations and approvals. Notable Updates & Improvements: Electrical & Plumbing: Redone around 2006 during a previous owner's rehabilitation of the property. Roof & Exterior: Flat roof replaced (2024), new roof drain (2026), gutters replaced (2016), exterior brick repointing (2023), and backyard improvements. Mechanical & Utilities: Two gas furnaces replaced (2018-2019), all three unit water heaters replaced between 2021 and 2026, and house meter installed (2024). Interiors: Flooring, carpeting, painting, laundry room improvements, and additional updates throughout all three units. A distinctive downtown property combining historic character, ongoing maintenance, established rental income, and exciting possibilities!

60 Clinton Avenue, Albany

$599,000

10 Beds ⋅ 202627945 MLS

In the PIne Hills section of Albany, a modernized, clean 4 unit with bright and useful commercial space on ground floor. Each unit is spacious and updated. Great investment opportunity with close proximity to Albany Medical Center, colleges and universities and the music and night life of Albany. Off-street parking.

864 Madison Avenue, Albany

$379,900

3 Beds ⋅ 2 Baths ⋅ 202627906 MLS

Wonderful duplex investment opportunity in Albany! Just a two-minute walk to Albany Med and Washington Park, with many other amenities nearby. One unit features 2 bedrooms and 1 bath, while the other provides 1 bedroom plus an office/den that can easily be used as a bedroom. Ideal for flexible living or maximizing rental income. Enjoy the standout benefit of a property that's been renovated inside, with upgrades throughout, plus washer and dryer included in both units. A must-see in a great Albany location!

13 Dana Avenue, Albany

$275,000

6 Beds ⋅ 2 Baths ⋅ 202627775 MLS

Location, Location, Location! Ideally situated within walking distance of Albany Medical Center, Albany Medical College, Albany College of Pharmacy, Albany Law School, and Downtown Albany's vibrant entertainment district. This prime location offers exceptional convenience for residents and strong appeal for tenants, making it an outstanding opportunity for both owner-occupants and investors. With its proximity to major medical, educational, and employment centers, this property offers excellent rental potential and long-term investment appeal.

23 Morris Street, Albany

$310,000

6 Beds ⋅ 2 Baths ⋅ 202627774 MLS

Location, Location, Location! Ideally situated within walking distance of Albany Medical Center, Albany Medical College, Albany College of Pharmacy, Albany Law School, and Downtown Albany's vibrant entertainment district. This prime location offers exceptional convenience for residents and strong appeal for tenants, making it an outstanding opportunity for both owner-occupants and investors. With its proximity to major medical, educational, and employment centers, this property offers excellent rental potential and long-term investment appeal.

25 Morris Street, Albany

$424,500

3 Beds ⋅ 4 Baths ⋅ 202627601 MLS

***OPEN HOUSE SATURDAY, OCTOBER 24TH 11 AM - 1 PM***Nicely maintained maisonette-style property situated along one of Hudson Park's rare cobblestone blocks. Easily accessible to Washington & Hudson/Jay St Parks, Albany Medical Center & St. Peter's Hospital's, SUNY, Albany Law & Pharmaceutical campuses, Lark St corridor, state & legislative institutions, coffee shops, galleries, nightlife and an array of other desirable downtown entities. Separate residences spanning over 2,400+ SQFT across three aesthetically pleasing levels, this historical home features 3 bedrooms, 3 1/2 baths, modern amenities throughout, a private oasis-like backyard & so much more. Additional highlights include bamboo/wood floors, SS appliances, 2nd FL W/D, ceramic tile bath w/soaking tub & skylights. Garden unit is currently being leased for $1,200/month, $14,400 annually with the tenant responsible for paying all utilities - leased until 7/1/2027. A smart investment or savvy owner-occupied opportunity - let your tenant assist with the mortgage while you build equity.

204 Jay Street, Albany

$319,900

4 Beds ⋅ 3 Baths ⋅ 202627390 MLS

Great opportunity to own a versatile multi-unit property in the heart of Albany! 50 Park Ave features two currently occupied units plus a basement unit to be vacant at time of closing, offering flexibility for an owner-occupant or the opportunity to place a new tenant and maximize rental income. The property also includes a detached garage with two garage spaces. Conveniently located near Lincoln Park, the Empire State Plaza, downtown Albany, restaurants, shopping, and major commuter routes. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income while occupying the available unit, this property offers plenty of possibilities.

50 Park Avenue, Albany

$249,900

6 Beds ⋅ 2 Baths ⋅ 202627259 MLS

Cash Flowing 2 Family with great rental history bringing in just under 3k a month. A great addition to the existing portfolio or the owner occupant starting out. Located close to 787 and I87 corridor.

282 Second Avenue, Albany

$269,900

6 Beds ⋅ 2 Baths ⋅ 202627252 MLS

Fully rented with excellent Tenants generating 3400 per month This fully remodeled 2 family will cash flow immediately. 2nd Floor unit consists of a 4 bedroom duplex with 2 bedrooms on the 2nd floor and 2 bedrooms on the 3rd floor. 2nd Floor features open floor plan with master bedroom two closets and an office off the bedroom. Unit 1 fully updated with large great room and open floor plan. All new kitchens and baths.

1114 Broadway, Albany

$335,000

3 Beds ⋅ 3 Baths ⋅ 202627237 MLS

Modern Two Family in Center Square Albany. Two Level Townhome with Garden Income Apartment. Townhouse has open floor plan first floor with modern kitchen and half bath. Kitchen opens to a large deck and low maintenance garden. Gas fireplace. Second floor has two bedrooms, a small office and full bath with jetted tub. Central Air and Hot Water Heat. Garden Level is a Cozy one bedroom with garden access. 2005 Historic Albany Preservation Award.

176 Jay Street, Albany

$299,999

6 Beds ⋅ 3 Baths ⋅ 202627121 MLS

Attention Investors !! Looking to start or add to your business portfolio this could be a long term money maker 3 Family units rent could be higher. All showing are 48 hrs notice, Prequalified letter or proof of funding before any appointments are confirmed. ,Sold as is.

95 Lexington Avenue, Albany

$1,250,000

10 Beds ⋅ 9 Baths ⋅ 202627002 MLS

Mixed-use investment opportunity at the tri-corner of Watervliet Ave, Livingston Ave and 3rd St, just off the Everett Rd exit of I-90. This 3- story building offers 9 apartments (four studios, one 1BR, three 2BR, one 3BR) plus two street-level storefronts of ±1,500 SF and ±1,000 SF with large glass windows and direct street access. Apartments currently generate $8,325/mo; both storefronts are vacant and being marketed at $1,500/mo and $1,300/mo, offering immediate upside. Select units have seen recent updates including new windows, flooring and appliances. Across the street from Honest Weight Food Co-op and a block from the CDTA Training and Call Center. Pro forma NOI of $85,815 (6.9% cap rate) with retail leased. Offered at $1,250,000.

65 Watervliet Avenue, Albany

$395,000

6 Beds ⋅ 3 Baths ⋅ 202626984 MLS

Excellent multifamily investment opportunity in the desirable Manning Boulevard area. This three-family property offers a versatile unit mix with a spacious first-floor 4 to 5 bedroom apartment and two second-floor one-bedroom apartments. The first-floor layout offers potential for student housing, while the two upper units each feature a private porch. Conveniently located near colleges, hospitals, shopping, restaurants, and major amenities, making this an attractive location for tenants. Large fenced yard provides additional outdoor space for recreation, entertaining, or pets. A great opportunity for investors seeking an income-producing multifamily property with multiple rental units and strong location appeal.

249 Manning Boulevard, Albany

$540,000

11 Beds ⋅ 5 Baths ⋅ 202626964 MLS

Beautiful brick 4-unit building that has been updated throughout while maintaining original characteristics. Large apartments with generous layouts for each. 2-car garage with gate to backyard space. Fully rented but third floor can be delivered vacant. Currently a 4-unit with possibility of converting to 6 units.

402 Clinton Avenue, Albany

$599,000

12 Beds ⋅ 4 Baths ⋅ 202626942 MLS

Great investment opportunity in a prime Albany location. This large 4-unit property features spacious 3-bedroom, 1-bath units with in-unit laundry and modern finishes. Potential gross income of approximately $6,000/month. Two units are currently occupied at $1,500/month each (MTM leases), one unit is being delivered vacant, and the fourth tenant is expected to vacate by the end of October.

108 Southern Boulevard, Albany

$175,000

4 Beds ⋅ 2 Baths ⋅ 202626891 MLS

This Albany duplex offers 1,848 sq ft with 4 bedrooms and 2 full baths. Each unit has real breathing space, which is a rare find at this price point. Investors, this one's for you: live in one unit and let the other help cover the mortgage, or add it to your portfolio as a straightforward rental. It's zoned multi-residence and sits on a 3,192 sq ft lot, with quick access to downtown, Washington Ave, and the major routes that make Capital Region commuting easy. Priced where the numbers start to make sense. At $175K, it won't sit long. Schedule your showing today.

549 3rd Street, Albany

$599,900

10 Beds ⋅ 10 Baths ⋅ 202626752 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, Albany

$235,000

6 Beds ⋅ 2 Baths ⋅ 202626596 MLS

Great investment opportunity in Albany's Pine Hills neighborhood! This spacious two family property offers generously sized units and separate utilities, making it an attractive option for investors or owner occupants. The first floor unit features hardwood floors, a large kitchen, and the convenience of an in unit washer and dryer. The second floor unit offers spacious living areas. Conveniently located near colleges, hospitals, restaurants, shopping, public transportation, and major highways. A great opportunity to add a well located two unit property to your portfolio!

512 Yates Street, Albany

$204,900

4 Beds ⋅ 2 Baths ⋅ 202626587 MLS

Very nice, well kept, 2 family for investors who want to start their portfolio or add to an existing one. Let the $2300 a month in rents be a helpful benefit to your investment needs. It can be owner-occupied as well. Each unit features an eat-in kitchen, living room, 2 bedrooms, and a full bath. Large driveway to hold numerous cars. 24-hour notice is required.

25 Benjamin Street, Albany

$279,900

5 Beds ⋅ 3 Baths ⋅ 202626548 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, Albany

$474,900

4 Beds ⋅ 4 Baths ⋅ 202626539 MLS

Well cared for 1871 brownstone in the Ten Broeck Triangle with four updated one bedroom, one bath apartments, all occupied and cash flowing. The brown stone exterior and tall ceilings in every unit keep the period character, while each apartment has new flooring, fresh paint, new kitchen cabinets and countertops with matching appliances (stainless steel in some units, white in others), and an updated bathroom. Layouts are roomy. The largest bedroom is 12 by 19 feet, one apartment has a walk-in closet, and the second floor living room is nearly 19 feet long. Two of the four units have in-unit laundry, and the first floor unit has central air. Heat is forced hot air, with baseboard heat added in some units. Each apartment has its own gas and electric meters, paid by the tenant. The lower level has a laundry room with potential for coin operated machines, plus additional utility space. Out back, there is room for a small patio where some ivy and a few plants could make a quiet retreat for tenants. The location puts you close to shops and nightlife on South Pearl and State Streets. An owner occupant can live in one unit and rent the other three. Investors will find a building that currently cash flows and supports DSCR financing. Residential Occupancy Permits are available for each unit, and a recent full inspection report is ready for buyers to review.

103 Ten Broeck Street, Albany

$349,900

8 Beds ⋅ 2 Baths ⋅ 202626450 MLS

INVESTOR ALERT! FULLY RENTED 2-FAMILY - INCOME FROM DAY ONE! An excellent opportunity to add a fully occupied, income-producing property to your investment portfolio! This spacious Albany duplex offers two 4-bedroom, 1-bath units, providing a total of 8 bedrooms and strong rental potential. The first-floor unit features updated flooring and fresh paint. Additional improvements include new siding on one side, concrete paving around the property, an upgraded sump pump system with an additional backyard pump, and a basement laundry area. Conveniently located on Washington Avenue near universities, shopping, restaurants, and major transportation routes. Both units are rented, offering immediate rental income without the initial vacancy period. Whether you're expanding your portfolio or purchasing your first investment property, this is an opportunity worth exploring.

556 Washington Avenue, Albany

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