Albany County, NY Real Estate | Albany County, NY Multi-Family Homes for Sale

6 Beds ⋅ 2 Baths ⋅ 202622604 MLS

Vacant duplex in need of a full rehab, offering an excellent opportunity for investors or owner occupants. Located in a quiet residential neighborhood, this property has strong potential to be transformed into a profitable rental or comfortable owner occupied home.

14 Division Street

$450,000

6 Beds ⋅ 3 Baths ⋅ 202622477 MLS

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

13 Delaware Street

$324,000

4 Beds ⋅ 2 Baths ⋅ 202622475 MLS

Exceptionallymaintained two-family on the hill in Cohoes with a private driveway, detached two-car garage, and a lush and large, private backyard--a rare find for a two-family. Both units offer high ceilings, abundant natural light, attractive architectural details, and hardwood floors in many rooms. Owner- and family-occupied for many years and thoughtfully maintained, including brand-new boilers. Estimated market rents of $1,600-$1,700 per month per unit. An excellent opportunity for an owner-occupant or investor alike.

141 Johnston Avenue

$510,000

5 Beds ⋅ 3 Baths ⋅ 202622429 MLS

Great opportunity for owner occupied / single family living with an in-law apartment or income apartment to help with the mortgage! Or rent out both units! This is a legal 2 fam home in Guilderland Schools in a great n'hood setting on a .63 ac lot! 3 BR, 1.5 BA owner's unit and a 2 BR, 1 BA approx 775 SF apartment. Offers a new roof & skylights 2025, updated windows w/ cordless shades throughout, separate hot air heat and newer C/A, new 50 gal nat gas water heater, public water & sewer w/ a supplemental well for lawn irrigation system, updated pavers at front entrance & the driveway was new when expanded in 2017. Owner's unit offers a 2 car garage, a newer kitchen w/ cherry cabinets, quartz counters & Samsung appliances & new HW flooring in the kitchen, dining area & living rm - all in 2021! Both baths are modern and w/ new updates. New carpet on stairs 2024 & wood laminate in 2nd fl hall & BRs. The fam rm addition has a newer gas FP, new carpet, updated lighting & a new sliding glass door to the back yard oasis! Features a huge, level, fenced back yard w/ privacy fencing on the sides & chain link across the back all added in 2015. There is also a sunny, fenced garden area for growing your own veges. The patio was expanded & the pergola w/ a cover added creating a spectacular outdoor space surrounded by perennial flowers & bushes... perfect for relaxing or entertaining. Seller also added 2 sheds and 2 gravel pad areas for parking equipment, boats, etc. There's a full bsmt including under the fam rm addition and a shared, 1st floor laundry area/mudroom w/ additional storage & a walk-in pantry closet. Current apartment tenants pay $1,400/mo plus their gas, electric & internet. The apartment features newer carpet in the LR & stairway, both BR carpet updated 2016, a full BA w/ ceramic tile and kitchen updates include flooring & tile back splash 2016, cabinets painted & new counters 2025, and appliances new in 2020 & 2025.

3008-3010 Sunset Lane

$999,777

8 Beds ⋅ 3 Baths ⋅ 202622428 MLS

5-acre offering consisting of two parcels being sold in the North Colonie School District. The property features a 3,200 SF, five-bedroom main house and a three-bedroom second house offering an opportunity for updating, plus a 40' x 60' insulated steel-frame outbuilding with 200-amp electrical service. Adjacent to the North Colonie Soccer Complex, the property offers potential for approximately 8 to 12 total residential lots based on the layout and SFR zoning, subject to review and approvals. The seller reports that lands bordering the property to the east and west are protected as forever-wild land, limiting development and helping preserve long-term privacy. An opportunity for an owner-occupant, investor, builder, or developer seeking acreage and convenient access to schools, recreation, shopping, and major transportation routes. Buyer to independently verify subdivision potential, protected-land status, utilities, and all proposed uses.

454-456 Vliet Street

$350,000

10 Beds ⋅ 6 Baths ⋅ 202622414 MLS

Attention investors! Turnkey cash-flowing quadruplex in Cohoes grossing over $51,000 annually with 100% occupancy across all 4 units! Major peace of mind with $55K+ in improvements completed within the last year, minimizing initial CapEx. Solid traditional brick construction (4,088 sq ft) situated on a double/corner lot (parcels 15 N + 14 N Mohawk St). Layout features two expansive 4-bedroom, 1.5-bath upper units and two 1-bedroom, 1-bath lower units. Separate utilities with 4 gas meters and 4 electric meters (tenants pay heat & electric). Excellent site amenities include plenty of street parking, a public park with a playground directly across the street, and picturesque backyard views of the Cohoes Falls. Unbeatable location steps from historic Harmony Mills with rapid commute access to I-787, Route 9, Route 7, Albany, Troy, Latham and Clifton Park. High-yielding addition to any investment portfolio!

15 N Mohawk Street

$435,000

5 Beds ⋅ 3 Baths ⋅ 202622376 MLS

Opportunity awaits with this well-maintained two-family home in an unbeatable location, just a short walk to the Four Corners, library, shops, restaurants, and everything the town has to offer. Perfect for owner-occupants, investors, or multigenerational living. The first-floor apartment features 3 bedrooms, 2 full bathrooms, and direct access to a full basement, providing excellent storage and additional space. The second-floor apartment offers 2 bedrooms, 1 full bathroom, and access to a walk-up attic with great storage or future expansion potential (subject to approvals). Both units have separate utilities, making ownership and management easy. Whether you're looking to generate rental income or live in one unit while renting the other, this property offers flexibility, convenience, and an exceptional location in one of the area's most desirable neighborhoods.

400 Delaware Avenue

$289,900

8 Beds ⋅ 2 Baths ⋅ 202622366 MLS

Opportunity knocks to own a completely renovated two-family in Albany with both units vacant and ready to go. The property has been remodeled from top to bottom and features 4 total bedrooms, 2 full bathrooms, updated kitchens with solid-surface countertops, beautifully tiled baths, brand-new wide-plank flooring, and fresh finishes throughout. Both units are also equipped with mini-split systems providing efficient heating and cooling for year-round comfort. With no existing tenants or leases in place, the new owner has the flexibility to set rents at current market rates from day one. Also a great option for an owner-occupant looking to move right in and use the second unit to help offset their monthly payment. All the work has already been done--bring your tenants or move in and make it yours!

31 Bertha Street

$224,900

8 Beds ⋅ 2 Baths ⋅ 202622352 MLS

Welcome to 132 4th Ave, a fully updated brick two-family offering an excellent opportunity for both investors and owner-occupants. Each spacious unit features 4 bedrooms, beautifully updated kitchens and bathrooms, modern finishes throughout, and ductless mini splits for efficient heating and cooling. The first-floor unit is currently rented at $1,880 per month, while the vacant second-floor unit offers immediate occupancy or strong additional income potential with an estimated market rent of approximately $1,880 per month. With 8 total bedrooms, a solid brick exterior, and both units already updated, this property is positioned to generate approximately $3,760 per month in total rental income at market rents. Whether you're looking to expand your investment portfolio or live in one unit while collecting income from the other, this turnkey two-family is ready to go.

132 4th Avenue

$250,000

5 Beds ⋅ 3 Baths ⋅ 202622293 MLS

Attention investors! This income-producing opportunity at 97 3rd Ave, Albany, NY comes with paying tenants already in place, providing immediate rental income from day one. ROPs are in place, making this an excellent addition to an investment portfolio. Conveniently located in Albany's South End, the property offers easy access to downtown Albany, the Empire State Plaza, Albany Medical Center, Albany Law School, Albany Capital Center, the Port of Albany, and the Albany-Rensselaer Amtrak Station. Nearby shopping, restaurants, parks, schools, and major roadways including I-787 and the New York State Thruway provide convenient access throughout the Capital Region. Whether you're expanding your rental portfolio or seeking a turnkey investment with established occupancy, this property offers strong potential in a well-connected location. Don't miss the opportunity to own an income-generating property with tenants already in place and convenient access to many of the area's key destinations. Buyers are encouraged to verify all property information and perform their own due diligence.

97 3rd Avenue

$229,900

5 Beds ⋅ 2 Baths ⋅ 202622280 MLS

Looking for a nicely updated two-family that's vacant and ready to owner-occupy or add tenants immediately? Welcome to 25 Lancaster St, Cohoes! This move-in ready property is a great opportunity for first-time investors or anyone looking to house hack. With numerous updates, including a new roof and siding, much of the heavy lifting has already been done. The first-floor unit offers 2 bedrooms and 1 full bath, while the second-floor unit features 3 bedrooms and 1 full bath. Each unit has its own private deck overlooking the backyard, giving both owners and tenants their own outdoor space. Whether you're looking to live in one unit and rent the other or add a turnkey property to your portfolio, this is one you won't want to miss

25 Lancaster Street

$589,000

5 Beds ⋅ 4 Baths ⋅ 202622175 MLS

***OPEN SUN, JULY 26th 11AM-1PM*** Beautifully curated three-story townhome situated along one of downtown Albany's most coveted city blocks includes completely separate garden unit that's currently being used on a short term basis, legal 2-family. Spanning over 3,200 SQFT across four aesthetically pleasing levels, this residence features 5 bedrooms, 4 full baths, modern amenties throughout, privates oasis-like backyard with trex decking, roof access & more. Easily accessible to Washington Park, Albany Medical Center/St. Peter's Hospital, SUNY Albany, Lark St, downtown state & legislative entities, coffee shops, galleries, nightlife & so many more desirable downtown attractions. Original details still adorned throughout such as high ceilings, oversized windows, tile, fireplaces, stained glass, built ins, woodwork, etc. A rare trophy residence--where gilded architecture meets flawless modern execution--offering a once-in-a-generation opportunity in the heart of Center Square.

142 Chestnut Street

$325,000

6 Beds ⋅ 3 Baths ⋅ 202622166 MLS

Prime Watervliet Triplex: 3-Unit Income Property in Mixed-Use Zone 908 19th St, Watervliet, NY 12189 Owner Occupied | 🏢 3 Units | 🛏️ 6 Beds Total | 🚿 3 Baths Discover a rare opportunity to own a fully functional triplex in the heart of Watervliet! This 2,880 sq. ft. multi-family property offers immediate income potential with three distinct units, perfect for an owner-occupant looking to subsidize their mortgage or an investor seeking stable cash flow. Unit Breakdown & Layout • Upstairs Unit: Spacious 3-bedroom, 1-bath residence with ample living space. • Rear Unit: Comfortable 2-bedroom, 1-bath apartment with private access. • Front Unit: Efficient 1-bedroom, 1-bath unit ideal for a single tenant or studio setup. Key Features • Generous Living Space: Totaling 2,880 sq. ft. across three stories, ensuring no compromises on comfort. • Parking Perks: Enjoy convenient off-street parking and a dedicated rear driveway, a valuable asset in this area. • Zoning Advantage: Located in Mixed-Use 2 (M-2) zoning, offering flexibility for future commercial or residential adaptations. • Lot Size: Situated on a 0.11-acre lot, balancing density with privacy. • Utility Efficiency: Property features separate meters for power and gas, allowing tenants to manage their own utility costs.

908 19th Street

$225,000

4 Beds ⋅ 2 Baths ⋅ 202622160 MLS

Attention Investors !! Looking to start or add to your business portfolio this is a must see. Separate utilities. Pre-approval letter or proof of funding. Sold as is.

9 Oak Street

$265,000

4 Beds ⋅ 2 Baths ⋅ 202622152 MLS

Welcome to 41 Paine St. A large, fully rented, updated two family duplex in the heart of Green Island tucked away on a quiet side street yet within short walking distance to downtown Troy and Watervliet. This is a great property for investors or to owner occupy. Both units have large living areas, two bedrooms, laundry areas, and functional layouts.

41 Paine Street

$468,500

5 Beds ⋅ 3 Baths ⋅ 202622149 MLS

An opportunity like this doesn't come along often. This triplex in the Village of Colonie offers exceptional flexibility, whether you're looking for an owner-occupied property, a multi-generational living arrangement, or an addition to your investment portfolio. Ideally located, the property has also been pre-inspected by the sellers, allowing you to move forward with added confidence. While the apartments are well maintained, they are currently occupied, so buyers should come prepared to look beyond the personal belongings and envision the full potential of each space. Unit 1 is a first-floor, 2-bedroom, 1-bath apartment with a long-term month-to-month tenant in place and convenient washer/dryer hookups. Unit 2 features 1 bedroom, 1 bath, plus an adjoining bonus room that's perfect for a nursery, home office, or walk-in closet. A stackable washer and dryer are already in place for added convenience. Upstairs, Unit 3 offers 2 bedrooms and 1 bath. Units 2 and 3 will be vacant and ready for immediate occupancy, giving you the flexibility to choose your own tenants or move right in. Situated on a level corner lot in the South Colonie School District, with Saddlewood Elementary located at the end of the street, the property is close to shopping, restaurants, Albany International Airport, major highways, hospitals, with the low taxes and all the conveniences Colonie has to offer. A rare Village of Colonie triplex opportunity with outstanding versatility and income potential. As an added opportunity, the sellers are willing to consider owner financing with a 50% down payment for qualified buyers.

1 Loralee Drive

$599,000

8 Beds ⋅ 6 Baths ⋅ 202622021 MLS

Rare opportunity to acquire a fully occupied 4-unit multifamily in one of Albany's most sought-after historic neighborhoods -- Ten Broeck Triangle. Built in 1860, this 2½-story painted brick rowhouse sits on a quiet residential block steps from downtown, the Capitol, and Albany Med. All four units have been turned over within the past five years -- no long-entrenched below-market leases, clean tenant base, fresh start for a new owner. Unit mix: two above-grade 2BD/2BA units plus two 2BD/1BA garden-level units. Separately metered -- tenants pay their own utilities, keeping owner expenses lean. Current gross income $62,370/year with immediate upside. Priced at $599,000 at a 6.92% cap rate on normalized expenses. Taxes paid current. Zone X minimal flood risk. Strong rental demand in this corridor with consistent low vacancy history. Whether you're adding to an existing Albany portfolio or entering the market, this one pencils from day one with room to run. Full OM and financials upon request!

55 Ten Broeck Street

$349,000

7 Beds ⋅ 2 Baths ⋅ 202622074 MLS

Excellent opportunity at 114 Spring Street in Albany. This two-family duplex offers 7 total bedrooms, 2 full bathrooms, and 2,352 sq ft of living space, making it a strong option for investors or owner-occupants looking for added flexibility. Each unit provides a functional layout with recently refreshed interior features, including neutral paint, updated lighting, white trim, multiple windows for natural light, and forced-air natural gas heat. The property also features a full basement, public water, and public sewer. Conveniently located near the Central Avenue and Quail Street corridor, with easy access to nearby shopping, dining, Washington Avenue, downtown Albany, local colleges, and major Capital Region destinations. A solid multi-family opportunity in an established Albany location with strong rental appeal.

114 Spring Street

$485,000

4 Beds ⋅ 3 Baths ⋅ 202622063 MLS

342-346 Hamilton Street offers a unique mixed-use opportunity in a prime downtown Albany location. The property includes office space, two apartments, and a private parking lot with six spaces. Owned and meticulously maintained by a nonprofit for the past 30 years, the property provides strong income and investment potential. Note: 342 Hamilton Street refers to the building, and 346 Hamilton Street is the parking lot. The first floor is currently configured as professional office space and showcases beautiful original woodwork crafted by a skilled carpenter. The layout includes three private offices, a conference room, and a kitchenette, offering flexibility for an owner-user or potential to subdivide for additional rental income. Newer central air serves the office space. The upper floors consist of two residential units, each offering two bedrooms and one full bath. The second floor unit is vacant and the third floor unit is currently rented on a month-to-month basis, generating $600/month. Separate utilities and panels are in place, and the water service line to the property has been replaced in recent years.

342 Hamilton Street

$389,000

5 Beds ⋅ 3 Baths ⋅ 202622050 MLS

Fantastic opportunity to own a well-maintained three-family property in the heart of Albany! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers excellent income potential and flexibility. The first-floor unit is a spacious 3-bedroom apartment that was consistently rented for $1,900/month over the past three years and has just become vacant, making it ideal for an owner-occupant or a new tenant at market rent. The second-floor unit features a comfortable 1-bedroom, 1-bath apartment with a living room and is currently tenant-occupied. The third-floor unit offers a generously sized 1-bedroom apartment with a large living room, oversized bathroom, and the convenience of in-unit laundry. An additional laundry area is available in the basement for tenant use. Outside, you'll find a long driveway leading to the backyard with ample off-street parking--a rare find in the area. Conveniently located near shopping, restaurants, grocery stores, public transportation, schools, parks, and other major amenities, this is an excellent opportunity to own a versatile income-producing property in a prime Albany location. Don't miss this exceptional investment opportunity!

9 Kent Street

$309,900

5 Beds ⋅ 2 Baths ⋅ 202621966 MLS

South Colonie School district 2 family. With some TLC there is plenty of room to bring rents up to market value. Frist floor has 3 bedroom and a full bath, second floor has 2 bedrooms and a full bath. Kitchens are modern, front porch on first floor. Covered porch on second floor. Walk up attic and full basement. Attached 2 car garage for additional value. Newer garage doors and paved driveway. Lot has been divided and now approx 69 X 133. Home is being sold AS-IS and priced accordingly. Limited showing times as tenants must be home to provide access. Taxes shown are actual with no exemptions. Quick access to major roadways, shopping and entertainment.

15 S Lansing Road

$449,000

4 Beds ⋅ 3 Baths ⋅ 202621883 MLS

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

396 Hamilton Street

$249,000

5 Beds ⋅ 3 Baths ⋅ 202621870 MLS

This is a cash cow over & over AGAIN! $40,800 annual income! always rented, across from the food co-op, on bus line, close to super markets & gas stations. Assumable 3.75% mortgage for the first 100k.

49 Watervliet Avenue

$309,000

5 Beds ⋅ 2 Baths ⋅ 202621819 MLS

Opportunity awaits in this well-maintained two family home located in a desirable neighborhood close to schools, shopping and restaurants. Recent updates include brand-new front porch and a completely refreshed second floor featuring new walls and fresh paint. Whether you're looking to owner-occupy while generating income or add a solid investment property to your portfolio, this home offers exceptional potential. This unique floor plan provides a wonderful opportunity for buyers with a vision to reimagine the space and create a layout that perfectly suits their needs. Bring your creativity and unlock the full potential of this versatile property!

15 Zoar Avenue

$700,000

8 Beds ⋅ 5 Baths ⋅ 202621769 MLS

**CAN BE SOLD AS A PACKAGE WITH 558 MADISON AVENUE** Seize a rare opportunity to own 5 units ideally located on the corner of New Scotland and Madison Avenue directly across from Washington Park and Albany Medical Center. This property is an investor or owner-occupier's dream, standing two stories and containing three 1BD/1BA units and two 2BD/1BA units, floor plan included in documents. One unit is occupied and the other four are primed for cosmetic renovations. The building dons historic details such as custom-doors, a beautiful brick facade, hardwood floors, and original moldings. Properties with this character and location are scarce, so act fast to capitalize on this unique chance!

552 Madison Avenue

$360,000

3 Beds ⋅ 3 Baths ⋅ 202621699 MLS

Located in Albany's high-demand Midtown/Pine Hills neighborhood, this very well-maintained brick 3-unit building offers an exceptional investment opportunity in an area known for its strong rental demand. Apartments feature hardwood floors, generous room sizes, ample closet space, charming kitchens with original built-in cabinetry, and architectural details found throughout, including arched openings, French doors, and bayed windows. Each apartment also offers an additional room ideal for a variety of uses, along with access to a common courtyard for outdoor enjoyment. With large apartments, desirable amenities, and a high-demand location, this is an outstanding addition to any investment portfolio! One washer and dryer shared by the units. *All apartments are occupied. Boiler 2019. New Roof January 2026.

210 Western Avenue

$299,900

6 Beds ⋅ 2 Baths ⋅ 202621689 MLS

Opportunity meets versatility at 339 Delaware Avenue, Albany, NY 12209! This spacious 6-bedroom, 2-bath home offers 2,772 sq. ft. of comfortable living, making it an excellent choice for first-time homebuyers seeking room to grow or investors looking for strong rental potential. Extra rental income of $2,750 monthly. Sunlight pours through the large windows, filling the home with warmth, while the inviting sunroom provides the perfect space to relax, work from home, or enjoy your morning coffee. Generous living areas and a flexible layout offer endless possibilities to fit your lifestyle. Located within the highly regarded Albany School District, this home combines space, value, and location. Schedule your private showing today and discover everything this property has to offer!

339 Delaware Avenue

$99,999

3 Beds ⋅ 2 Baths ⋅ 202621678 MLS

Attention Investors !! Looking to start or to add to your business portfolio this well maintance 2 family house is it. Recently updated new windows & plumbing is alreadly completed. Price below market for a quick sale, Cash only or hard money loan. Rops in place. Sold as is.

58 Osborne Street

$368,000

3 Beds ⋅ 3 Baths ⋅ 202621657 MLS

Located within Albany's historic Mansion District, just steps from the Governor's Mansion and minutes from downtown offices, this well-maintained 3 unit property offers an exceptional investment opportunity in one of the city's most recognizable neighborhoods. Building features include hardwood floors, ceramic tile, stainless steel appliances, newer boiler, new hot water tank, plus each unit has a washer/dryer and a bonus room (office/storage/etc) - amenities tenants appreciate! Just minutes from downtown Albany and close to a neighborhood park, this location adds to the property's strong investment appeal. Well-maintained, well-located, and well-equipped, this is an excellent addition to any investment portfolio! *Pictures show vacant units but all apartments are rented.

175 Eagle Street

$125,000

8 Beds ⋅ 3 Baths ⋅ 202621656 MLS

Three-family property offering strong upside potential for investors or rehab specialists. Once the work is done, generate ~$50,000 gross income per year. This building is in need of a full gut renovation and is being sold as-is. No interior access will be provided--drive-by only. Ideal for experienced buyers looking to reposition or redevelop a multi-unit asset in a convenient downtown Albany location close to schools, public transportation, and major routes. Bring your vision and unlock the potential. CASH ONLY. NO INTERIOR ACCESS.

147 Clinton Avenue

$209,900

6 Beds ⋅ 2 Baths ⋅ 202621644 MLS

Two-Family Property., perfect for both the seasoned investor and those entering the market for the first time. Located in the high-demand rental markets of Cohoes This home offers a blend of stable tenancy, separate utilities, and strong, reliable cash flow. The property features: Two spacious rental units. Independent utilities for simplified management and reduced overhead. Established tenants providing immediate income. Solid rental history in proven investment location. Whether you're looking to expand your portfolio or begin building long-term wealth, this property delivers dependable performance and scalability.

79 Central Terrace

$314,900

5 Beds ⋅ 2 Baths ⋅ 202621498 MLS

Recently converted two-family home offering an excellent investment opportunity in a convenient Albany location. The first-floor unit features 2 bedrooms, while the second-floor unit offers 3 bedrooms. Recent updates include newer appliances, a beautifully renovated first-floor bathroom, updated plumbing throughout, and polished hardwood floors. The property is fully leased, providing immediate rental income. Conveniently located near shopping, dining, schools, public transportation, and major highways. OPEN HOUSE 7/11 12-1

212 Ontario Street

$399,900

10 Beds ⋅ 3 Baths ⋅ 202621496 MLS

Attention investors! Prime rental opportunity in the heart of Albany's thriving student neighborhood. This updated 3-family property features a total of 10 bedrooms, offering an ideal setup for high-demand student housing. generating an impressive $5,200/month in income, this property is a proven cash flow machine. Many recent updates throughout. Located just minutes from area colleges, this is a can't-miss opportunity to expand your portfolio. A true gem!

472 Hudson Avenue

$399,000

5 Beds ⋅ 2 Baths ⋅ 202621375 MLS

SHOWINGS ARE NOW AVAILABLE ON WEEKENDS. Exceptional opportunity to own a beautifully maintained two-family home situated on a rare double lot! Pride of ownership is evident throughout this well-cared-for property. The first-floor unit features beautiful hardwood floors, original woodwork and trim, 3 bedrooms, a full bath, living room and dining room and washer/dryer hookups in the basement. The second-floor unit, previously owner-occupied, offers an updated kitchen and bath, newer vinyl flooring, and fresh paint throughout. 2 bedrooms, full bath, living room dining room and washer dryer. Enjoy relaxing on the inviting front and back porches. Additional highlights include a spotless, dry basement, a large walk-up attic with plenty of extra storage, and an impressive four-car garage. Conveniently located with easy access to I-787 and the NYS Thruway, making commuting a breeze. Whether you're looking to owner-occupy or expand your investment portfolio, this move-in-ready property is one you won't want to miss!

20 Alden Avenue

$495,000

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

$445,000

4 Beds ⋅ 3 Baths ⋅ 202621173 MLS

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

339 Hamilton Street

$239,900

6 Beds ⋅ 2 Baths ⋅ 202621119 MLS

Well maintained 2 family duplex available for the first time in over 32 years. Each unit offers 3 bedrooms and 1 full bathroom with spacious room sizes and functional layouts throughout. The vacant upper unit features hardwood floors and is move in ready, making it an excellent opportunity for an owner occupant or investor seeking market rent. The enclosed sunroom provides additional living space and could potentially be converted into a fourth bedroom, office, or flex space. The first floor is occupied by a long term tenant of more than 25 years currently paying $1,000 per month, providing immediate rental income. Separate utilities help keep operating expenses down. A private backyard adds to the property's appeal. Conveniently located just minutes from I-90, I-787, downtown Albany, hospitals, colleges, restaurants, shopping, and major employers, offering easy access throughout the Capital Region.

354 Second Avenue

$274,999

6 Beds ⋅ 2 Baths ⋅ 202621040 MLS

This spacious duplex offers two well-appointed 3-bedroom apartments, each complete with washer and dryer hookups. Whether you're an investor seeking strong rental potential or a homeowner looking to offset your mortgage with rental income, 85 Lancaster Street presents an outstanding opportunity in a desirable Cohoes location. Spacious units, practical layouts, and a convenient location make this property a smart addition to any real estate portfolio.

85 Lancaster Street

$285,000

9 Beds ⋅ 3 Baths ⋅ 202620998 MLS

INVESTOR ALERT If you've been waiting for a property with strong income potential in a neighborhood on the rise, this one deserves a look. This hard-to-find 9-bedroom, 3-bath, 3-unit multifamily offers exceptional income potential, with projected gross monthly rents of up to $4,500. This an excellent opportunity to generate immediate cash flow while benefiting from the property's long-term investment potential. Located in Albany's South End, this property sits directly across the street from ongoing redevelopment activity in a neighborhood seeing continued investment and revitalization. Whether you're looking to owner-occupy or add to your investment portfolio, don't let this MONEY MAKER escape! Schedule your showing today!

123 Clinton Street

$205,000

5 Beds ⋅ 2 Baths ⋅ 202620749 MLS

Excellent opportunity to own a well-maintained, fully occupied two-family property in Cohoes. Located on a quiet one-way street, 24 Chestnut Street features two symmetrical 2-bedroom, 1-bath apartments with separate utilities and month-to-month tenants, offering flexibility for both investors and owner-occupants. The upstairs apartment rents for $1,200 per month and features updated cabinets and flooring. The downstairs apartment rents for $1,150 per month and has also been updated with newer cabinets and flooring. Both units offer functional, efficient layouts with strong long-term rental appeal. Major improvements provide peace of mind, including updated electrical, plumbing, and heating systems completed approximately 10 years ago, new vinyl replacement windows installed approximately 3 years ago, new siding, and a rubber roof that was professionally coated approximately 3 years ago. Additional features include a fenced backyard and separate tenant storage areas that are currently underutilized and offer added value. Ideally situated just steps from the Empire State Trail and West End Park, and within walking distance of Cohoes Middle School, this property combines a desirable location, dependable rental income, and numerous capital improvements, making it an outstanding investment opportunity.

24 Chestnut Street

$235,000

6 Beds ⋅ 2 Baths ⋅ 202620747 MLS

***PRICE IMPROVEMENT!*** Schedule a private showing today before it's gone! Opportunity awaits with this spacious two-family home in the heart of Cohoes! Each unit features 3 bedrooms and 1 bathroom, offering generous living space, separate entrances, and abundant natural light. Major updates include a new EPDM roof and new flooring throughout both units, completed in 2023. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property offers excellent potential. Conveniently located near shopping, restaurants, schools, parks, and major highways, with easy access to Albany, Troy, and the Capital Region. Bring your vision and make this versatile duplex your next investment!

1A Congress Street

$289,900

4 Beds ⋅ 2 Baths ⋅ 202620639 MLS

This beautifully updated two-family property offers an outstanding opportunity for both investors and owner-occupants. Each unit features spacious layouts, modern kitchens, updated bathrooms, bright living spaces, and comfortable bedrooms. Recent improvements provide added value and move-in-ready convenience. Whether you're looking to generate rental income, live in one unit while renting the other, or expand your investment portfolio, this property offers exceptional flexibility. Conveniently located in Downtown Albany, near Albany Medical Center, Empire State Plaza, public transportation, parks, major highways and many more. Recent updates include two new boilers, two new hot water tanks, and a newer roof. Don't miss your chance to own this well-maintained, income-producing property.

233 S Swan Street

$484,900

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

$289,000

2 Beds ⋅ 2 Baths ⋅ 202620578 MLS

Exceptional two-family property in the heart of Albany, offering a strong opportunity for both owner-occupants and investors. Located on a quiet, tree-lined one-way street just steps from the vibrant Lark Street district, this property combines neighborhood charm with convenient access to restaurants, cafes, shops, parks, and entertainment. The private fenced backyard provides valuable outdoor space, perfect for relaxing, gardening, or enjoying city living with added privacy. The upper unit features a unique loft-style layout with the bedroom on its own level, creating a desirable separation between living and sleeping areas and giving the space a distinctive multi-level feel. Whether you are looking to live in one unit while generating rental income from the other or expand your investment portfolio, this well-positioned two-family offers location, character, functionality, and income potential in one attractive package.

377 Hamilton Street

$384,000

4 Beds ⋅ 2 Baths ⋅ 202620507 MLS

A Rare Find in South Colonie -- Income-Producing Duplex with Long-Term Stability. Meet your next smart investment at 162 Consaul Road. This well-kept duplex in South Colonie School District comes with something money can't buy -- a dependable, long-term tenant already in place on the first floor, with over 20 years of continuous occupancy. Day one cash flow, zero guesswork. Month to month lease in place. The first-floor unit is a proven performer, and the second floor presents a prime opportunity -- whether you choose to owner-occupy and let your tenant help pay the mortgage, or lease it out and maximize your return on both units. Each unit offers two bedrooms, a full bathroom, in-unit laundry, and a bonus room & walk-out basement in unit 1. Out back, a private deck overlooks a generous yard, giving residents an outdoor retreat that sets this property apart from the typical rental.

162 Consaul Road

$229,900

6 Beds ⋅ 2 Baths ⋅ 202620295 MLS

Solid Money Making 2 Family, Month-to-Month long term tenants. Separate Utilities Unit One $1190/month Unit 2 $1370/Month $30,720 annual. Close to Major Highways, Parks & Hospitals. Good Condition

5 S Dove Street

$599,000

13 Beds ⋅ 6 Baths ⋅ 202620241 MLS

Are you looking for an investment with a serious net income? This cash cow NETS over $62,000! All month to month tenants, with many long term tenants. 3 -One bedroom units, 2- Four bedroom units and 1- Three bedroom unit. Plenty of off street parking with up to 12 off street parking spaces. Convenient location, close to downtown, colleges, busline, with shopping and dining just around the corner!

518 Hudson Avenue

$199,000

8 Beds ⋅ 3 Baths ⋅ 202620207 MLS

Great opportunity on a 2 family property in Albany! Lots of updates done to the building: Heat, Electric, Roof, Front Porch.

154 Broad Street

$359,000

6 Beds ⋅ 2 Baths ⋅ 202620190 MLS

Beautiful tree lined street 2 Family home featuring 2 full bathrooms across 2,632 Sq Ft. This classic property offers spacious interiors, a fireplace, garage parking, and strong income producing potential. Community located near schools, local parks, shopping, universities, and major highways.

11 Homestead Avenue

$229,900

4 Beds ⋅ 3 Baths ⋅ 202620147 MLS

This Watervliet 2 family is a Fannie Mae Homepath property which features 4 total bedrooms, 2.5 bathrooms, both units have living room and dining room, front porch, driveway, shed all on a corner lot. This property has all new roof, boiler, space heaters and kitchens. Also with a fresh coat of paint this property is move-in ready. EZ 2C anytime!!!

418 14th Street

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