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

4 Beds ⋅ 2 Baths ⋅ 202624212 MLS

Newer roof, windows, hot water heaters, boiler(2nd flr), furnace(first flr). Conveniently located on busline, walking distance to pharmacy, grocery stores, restaurant, coffee shop, schools. Family owned for over 60 years.

804 19th Street

$295,000

3 Beds ⋅ 2 Baths ⋅ 202624207 MLS

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

1 Mariette Place

$235,000

6 Beds ⋅ 2 Baths ⋅ 202624159 MLS

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

385 Orange Street

$599,000

6 Beds ⋅ 4 Baths ⋅ 202623879 MLS

Welcome to 1 Dowling Rd, a fantastic two-family property situated on a desirable, tree-lined street in Colonie and located within the South Colonie School District. Set on a spacious corner lot, this property offers a large back and side yard, providing plenty of outdoor space. Each unit features three bedrooms, 1.5 bathrooms, spacious living rooms, and large eat-in kitchens, offering comfortable and functional living spaces. Both units also include recreational space in the basement with egress, providing valuable additional space. Enclosed front porch areas add extra versatility and charm, while expanded driveways for each side offer ample off-street parking. Whether you're an investor seeking a solid income-producing opportunity, looking for a multigenerational living arrangement, or a first-time homebuyer interested in building equity while offsetting expenses, this property offers tremendous potential. Conveniently located near shopping, dining, major roadways, and everyday amenities, 1 Dowling Rd is a property worth exploring.

1 Dowling Road

$799,000

18 Beds ⋅ 9 Baths ⋅ 202623856 MLS

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

304-308 Clinton Avenue

$715,000

11 Beds ⋅ 9 Baths ⋅ 202623775 MLS

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

341-345 Clinton Avenue

$650,000

13 Beds ⋅ 8 Baths ⋅ 202623770 MLS

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

11 Ten Broeck Street

$374,900

4 Beds ⋅ 2 Baths ⋅ 202623722 MLS

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

92 N Allen Street

$435,000

4 Beds ⋅ 2 Baths ⋅ 202623658 MLS

Opportunity knocks for a new owner of this fantastic side by side two family in South Colonie school district. Each unit has two bedrooms and one bathroom each. Separate driveways for both units. Huge backyard. Hard to find duplexes that aren't over 70 years old. Convenient to all shopping.

17 Berwyn Street

$259,000

6 Beds ⋅ 2 Baths ⋅ 202623634 MLS

Attention investors: Discover the potential of this spacious two-family home set on a large lot in the heart of Ravena. Ideal for owner occupied or as a pure investment opportunity. The second-floor unit features carpeting, a recent-model stove, convenient washer/dryer connections, and three bedrooms. First-floor unit has 3 bedrooms. Washer dryer hookup is in basement. Close to Main Street and a few blocks from Mosher Park, providing a wide range of activities free to Ravena Village residents such as a pool complex, picnic pavilions, tennis and basketball courts.

41 Pulver Avenue

$190,500

4 Beds ⋅ 2 Baths ⋅ 202623535 MLS

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

480 3rd Street

$265,000

6 Beds ⋅ 2 Baths ⋅ 202623464 MLS

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

383 Orange Street

$350,000

2 Beds ⋅ 2 Baths ⋅ 202623415 MLS

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

225 Jay Street

$175,000

4 Beds ⋅ 2 Baths ⋅ 202623320 MLS

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

188 Clinton Avenue

$290,000

6 Beds ⋅ 3 Baths ⋅ 202623243 MLS

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

151 S Pearl Street

$259,900

8 Beds ⋅ 2 Baths ⋅ 202623201 MLS

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

19 Stanwix Street

$334,000

3 Beds ⋅ 4 Baths ⋅ 202623045 MLS

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

52 S Allen Street

$249,900

6 Beds ⋅ 2 Baths ⋅ 202622997 MLS

Welcome to this spacious two-family home on desirable Van Schaick Island, offering generous living space and endless potential for homeowners or investors alike. Each oversized flat features two spacious bedrooms, plus two additional back-to-back bonus rooms that can be used as bedrooms, home offices, or flex spaces to fit your needs. Both units offer huge eat-in kitchens with plenty of room for gathering, while the covered interior hallways extend from end to end, adding character and convenience. Outside, you'll find off-street parking and a detached work shed that was previously a one-car garage, offering excellent storage or workshop potential. Situated on a quiet street directly across from a playground, this property is in a desirable neighborhood with a peaceful setting. With a little TLC, this home can truly shine and become a fantastic owner-occupied residence or income-producing investment. Don't miss the opportunity to unlock the potential of this Van Schaick Island gem!

108 Heartt Avenue

$368,000

3 Beds ⋅ 3 Baths ⋅ 202622886 MLS

OPEN HOUSE FRIDAY 08/07 FROM 05-7PM. In the heart of Albany's vibrant Center Square neighborhood, this well maintained historic duplex offers timeless character, flexible living space, and an exceptional location. High ceilings, hardwood floors, original architectural details, and decorative fireplaces create warmth and personality throughout. The first unit spans two levels and features an open, spacious layout, 1.5 baths, in unit laundry, and an updated kitchen with stainless steel appliances. Both units enjoy access to a private, fenced backyard a peaceful retreat in the middle of the city. Just moments from Washington Park, Empire State Plaza, restaurants, cafés, entertainment, and the many conveniences of Lark Street. Whether you are looking to owner occupy while generating rental income, expand your investment portfolio, or enjoy the flexibility of a two family property, 282 Lark Street is a rare opportunity to own a piece of Albany's history.

282 Lark Street

$2,300,000

10 Beds ⋅ 11 Baths ⋅ 202622723 MLS

(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, 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 each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft 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? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street

$250,000

202622658 MLS

No better location that this. The corner of Madison and Dove, offering 5 units, gutted and ready for your vision. Offered at $50k per door, with an ARV of $160 and higher per door on a high end renovation, there's is equity to build on. Buy and start work before summer is gone. Vacant, easy to show, easy to buy.

372 Madison Avenue

$169,900

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

$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

$250,000

5 Beds ⋅ 3 Baths ⋅ 202622293 MLS

Opportunity awaits at 97 Third Avenue in Albany! This well-maintained two-family property offers the perfect blend of investment potential and owner-occupant appeal in a convenient Capital Region location. Currently occupied and carefully maintained, this property provides immediate value with the flexibility to continue generating rental income or serve as a comfortable owner-occupied home while offsetting your mortgage with tenant income. One of the property's standout features is its rare double lot, providing additional outdoor space, enhanced privacy, and long-term value that is increasingly difficult to find within the city. Whether you're considering future outdoor improvements, expanded parking, or simply appreciate the added space, this oversized parcel sets the property apart from others in the neighborhood. Ideally situated just minutes from Downtown Albany, the New York State Capitol, Empire State Plaza, and numerous state office buildings, this location is highly desirable for government employees, healthcare professionals, and commuters alike. Enjoy quick access to I-787, I-90, and the New York State Thruway, making travel throughout the Capital District simple and efficient. Residents will also appreciate the close proximity to restaurants, shopping, parks, schools, entertainment, and public transportation. Whether you're an investor looking to add a solid, income-producing asset to your portfolio or a buyer seeking the benefits of owner occupancy with rental income, 97 Third Avenue presents an exceptional opportunity. With its strong location, well-kept condition, oversized double lot, and excellent accessibility, this property is ready for its next chapter. Don't miss your chance to own a versatile property that combines value, convenience, and long-term potential in the heart of Albany!

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

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

$199,999

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

$215,000

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

Two vacant units. Immediate income potential. Flexibility from Day One. This Village of Colonie three-family offers something that can be hard to find in a multi-family property: the opportunity to put your own plan in place from the start. With projected rents of approximately $1,650 for Unit 2 and $1,200 for Unit 3, plus $1,300 in existing monthly rent from Unit 1, the property offers potential gross rental income of approximately $4,150 per month / $49,800 annually.* Units 2 and 3 are vacant and ready for immediate occupancy, giving a new owner the flexibility to choose their own tenants and rental terms, live in one unit while collecting rent from the others, create a multi-generational living arrangement, or establish their own rental strategy without inheriting a fully occupied property. Sellers have also had the property pre-inspected, providing buyers with valuable information upfront, removing some of the guesswork. Unit 1 is a 1st flr 2 BR, 1-bath apartment with a long-term month-to-month tenant and washer/dryer hookups. Unit 2 offers 1 BR, 1 bath, new appliances, an adjoining bonus room ideal for an office, nursery or walk-in closet, plus a new stackable washer and dryer. Upstairs, Unit 3 has been freshly painted and professionally cleaned and offers 2 BRs and 1 bath. Outside, the property sits on a corner lot with paved off-street parking for up to 8 vehicles. Located in the South Colonie SD with Saddlewood Elementary at the end of the street, the property is convenient to shopping, restaurants, Albany Airport, hospitals and major highways. Owner financing may be considered for qualified buyers with 50% down. Whether you're looking for an investment property, a way to offset your own housing costs, or space for a multi-generational living arrangement, 1 Loralee Drive gives you something many multi-family properties don't: the ability to decide what happens next. *Projected rents are estimates only and are not guaranteed.

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

$293,000

5 Beds ⋅ 2 Baths ⋅ 202621819 MLS

Great investment opportunity! This well-maintained two family property offers excellent rental income potential, making it an ideal choice for investors or owner-occupants looking to offset their mortgage with rental income. Estimated rental income potential is $2,800 plus per month. Located in a desirable neighborhood just over bridge from Delmar/Bethlehem area. 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. . 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! Minimal lawn and snow removal costs. 1 bedroom in each unit can be used aa an office.

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 in Albany! This spacious 6-bedroom, 2-bath home offers 2,772 sq. ft. of living space with a flexible layout and strong potential for homeowners or investors. Projected rents are approximately $1,700/month upstairs and $1,600/month downstairs, for a total potential gross rent of $3,300/month. Large windows provide plenty of natural light, while the inviting sunroom offers additional space to relax or work from home. Generous living areas provide plenty of flexibility. Conveniently located near shopping, dining, transportation, and local amenities. Schedule your private showing today!

339 Delaware Avenue

$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

$450,000

6 Beds ⋅ 2 Baths ⋅ 202621604 MLS

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

319 McCarty Avenue

$500,000

7 Beds ⋅ 4 Baths ⋅ 202621537 MLS

Whether you're looking for multigenerational living, hoping to offset your mortgage with rental income or searching for an investment property with exceptional income potential, this versatile South Colonie property has so much to offer. Located in the South Colonie School District with low Colonie taxes, this rare three-family home offers flexibility that's hard to find. The spacious owner's unit features 3 bedrooms and 1.5 bathrooms, while the additional apartments include a 2-bedroom unit and a 1-bedroom unit. There's also a flex bedroom that could easily be incorporated into any of the units for additional living space or rental value. The large, partially finished garden-level basement offers exciting potential for additional finished living space or the possibility of creating a future fourth unit (subject to any required approvals and permits). Outside, you'll find a massive, private backyard with a patio that's perfect for relaxing, entertaining or giving tenants plenty of outdoor space to enjoy. Parking and storage are a breeze with both an attached one-car garage and a detached one-car garage. The detached garage has both electricity and water run to it. Conveniently located with easy access to a major bus route, shopping, restaurants and everyday amenities, this property combines location, flexibility and long-term value. Whether you're planning to live in one unit while generating income from the others or expanding your investment portfolio, this is a property packed with possibilities. *Photos limited for tenant privacy.*

2187 Central Avenue

$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

$374,900

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

$425,000

5 Beds ⋅ 4 Baths ⋅ 202621389 MLS

Don't miss this meticulously maintained four unit property in the highly desirable Village of Menands, located within the sought after North Colonie School District. This pristine multi-family building is an excellent opportunity for both seasoned investors and owner occupants seeking a well cared for, income producing property. The building features three spacious 1 bedroom, 1 bath apartments and one 2 bedroom, 1 bath apartment. Pride of ownership is evident throughout, with the property being exceptionally clean and well maintained. Tenants enjoy the convenience of on-site laundry with shared washers and dryers located in the basement, along with dedicated private storage areas for each unit. The property is occupied by long-term tenants, providing stability and consistent income potential. Conveniently located near major highways, shopping, restaurants, and downtown Albany, this turnkey investment combines an outstanding location with quality condition and reliable tenancy. A rare opportunity to add a well-maintained asset to your portfolio.

217 Broadway

$484,999

9 Beds ⋅ 3 Baths ⋅ 202621199 MLS

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

77 S Allen Street

$427,000

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

BOM at no fault to seller. 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

$249,999

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

$385,000

6 Beds ⋅ 2 Baths ⋅ 202620878 MLS

Attention investors and owner-occupants! Don't miss this fantastic opportunity to own a well-maintained two-family home with excellent income potential. Featuring a brand-new kitchen, updated bathroom, and separate utilities for each unit, this property is designed for convenience and long-term value. Current tenants are on month-to-month leases, offering flexibility for future plans. A private driveway provides off-street parking, and the convenient location puts you close to schools, shopping, restaurants, parks, public transportation, and major highways. Whether you're looking to grow your investment portfolio or live in one unit while generating rental income from the other, this property is a must-see!

103 Southern Boulevard

$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. *UNIT WILL BE VACANT STARTING SEPTEMBER 1st* Second floor 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

$199,000

6 Beds ⋅ 2 Baths ⋅ 202620747 MLS

**HUGE PRICE IMPROVEMENT!!!- $21,000 PRICE REDUCTION!!! ** House hackers, investors and owner occupants, this one deserves your attention! This Cohoe's two-family offers something increasingly difficult to find: two spacious 3-bedroom apartments under one roof, giving the flexibility to generate rental income, live in one unit while renting the other, or add a solid property to your portfolio. 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

$269,900

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

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