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$624,900
202625188 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

$130,000
1 Baths 202623733 MLS
This is a Mixed Use Building located next door to Albany Victory Gardens. The first floor was a grocery market at one time and a bar/tavern another time. It is presently used for Owner Storage and will be emptied. Second Floor is a 2 bedroom apartment with a month-to-month tenant with separate utilities. Basement has not ever really been utilized with electric panel for 2nd floor located in its front hallway. No utilities are connected to first floor. Tax Classified as Bar/Tavern so any change would need to go through Planning/Code. Great traffic and with Victory Gardens next door could make for an ideal fresh market/restaurant growing your own vegetables next door possibly. Seller prefers buyer use the 3D Walk-thru Virtual Tour to view property and then submit offers Buyer will be able to physically preview property within Attorney Review. Seller is also selling 3 additional 2 family property at 611 Clinton Ave., 355 Clinton Ave. and 269 Elk St. Package deal possible. Seller is NYS Licensed Broker

601 Clinton Avenue

$899,900
202623554 MLS
A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.

83 Central Avenue

$2,300,000
11 Baths 202622721 MLS
Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street

$275,000
202622605 MLS
3 acres of Rural Light Industrial zoned land just south of the Port of Albany, offering one of the Capital Region's most affordable light industrial land opportunities. Significant River Road frontage with public water available. Zoning supports a wide range of uses including contractor's shop, distribution, vehicle repair/towing, self-storage, garage, warehouse, and manufacturing. Excellent access - minutes from I-787 (Exit 2) via Southern Blvd., with quick connections to downtown Albany, the Port of Albany, and the regional highway network. Current owner plans on clearing the land, delivering a site ready for your development plans. Priced at $275,000 ($83.333/acre). Rare chance to secure well-located, affordably priced industrial land in the Port of Albany corridor.

225 River Road

$8,750,000
202622274 MLS
A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

201 Park Avenue

$699,000
202622020 MLS
Four-story mixed-use building in the heart of downtown Albany -- fully gut-renovated in 2020 and in excellent condition. Three residential units on floors 2-4 featuring Google Smart Home technology, in-unit washer/dryers, exposed brick, and that iconic arched top-floor window with direct views of SUNY Plaza. Hallways freshly painted April 2026. This is not your typical downtown walkup and it shows. Ground floor commercial space is currently vacant and ready for an owner-occupant or new tenant -- a significant value-add opportunity in one of Albany's highest-foot-traffic corridors, directly across from SUNY Plaza with the Broadway bus stop at the front door. The big number: approximately 15 years remaining on a 20-year Capitalize Albany tax abatement, dramatically reducing the effective tax burden and making this one of the most favorably structured deals in the downtown market right now. Gross potential income $70,800/year. Priced at $699,000 at a 6.88% cap rate on normalized expenses. Two residential units coming available -- buyer sets fresh market rents on a renovated product. Full OM and financials available upon request!

402 Broadway

$4,450,000
202622095 MLS
PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000 A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score. Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers. Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market. Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address. Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.

99 Pine Street

$799,900
4 Baths 202619677 MLS
Rare mixed-use opportunity in the heart of Albany. This approximately 6,000 SF building spans three levels and occupies more than half a block on Robin Street, just steps from Central Ave, Washington Park, and UAlbany's Downtown Campus. The first floor features two entertainment venues, including an event space with bar area and a separate lounge/nightlife concept, with a proven history of private event rentals and recent approval for event venue use. The second floor includes a recording studio with soundproof booths, while the upper two levels offer flexible space filled with natural light from oversized windows. Four bathrooms, off-street parking, and vacant possession at closing create endless possibilities for hospitality, creative, office, residential, or investment use.

56 Robin Street

$180,000
1 Baths 202619409 MLS
A great opportunity to own this established auto body repair, D&S Body shop. The auto body repair shop has been in use for well over 50 years. The property features a functioning automotive repair shop along with one separate office space rental and eight garage/storage rental units, providing steady supplemental income. Ideal for owner-operators, investors, or automotive business expansion, the property offers versatile commercial space with strong utility and flexibility. Well-situated with convenient access to major roadways, surrounding neighborhoods, and local business districts. Features include ample garage/storage capacity, office rental income opportunity, and a layout suitable for automotive services, contractor use, storage, or mixed commercial operations. Excellent opportunity to own an auto body repair shop with supplemental rental revenue in the City of Albany.

467 Jay Street

$2,450,000
202619191 MLS
Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details.

260 Washington Avenue

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