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

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

$115,000

6 Beds ⋅ 2 Baths ⋅ 202620108 MLS

Attention investors and rehabbers: this duplex offers strong value-add potential in a desirable location. Each unit features 3 bedrooms and 1 bathroom, creating an attractive layout for tenants and strong rental income potential. The property already benefits from a newer metal roof, reducing a major capital expense, while the interiors and remaining components are ready for renovation and modernization. With off-street parking and a quiet neighborhood setting, the property has the fundamentals investors seek when repositioning a rental asset. Conveniently located just 20 minutes from downtown Albany and only 10 minutes from the Thruway, the location supports commuter demand and long-term rental appeal. CASH BUYERS ONLY - ASSIGNMENT OF CONTRACT

49 Van Buren Avenue

$275,000

6 Beds ⋅ 3 Baths ⋅ 202619927 MLS

Turnkey investment opportunity in Albany! This fully tenant-occupied three-unit property features a total of 6 bedrooms and 3 full bathrooms, providing immediate and consistent rental income. Situated on a rare double lot at 88-90 Ontario Street, this income-producing asset offers added land value and future potential. All units are occupied with established tenants in place, making it an ideal addition to any investor's portfolio.

88 Ontario Street

$299,000

8 Beds ⋅ 2 Baths ⋅ 202619924 MLS

Fantastic income-producing investment opportunity in Albany! This fully tenant-occupied two-family property features a total of 8 bedrooms and 2 full bathrooms, providing immediate rental income from day one. Whether you're looking to expand your portfolio or secure a cash-flowing asset, this turnkey property is one you won't want to miss.

187 N Lake Avenue

$320,000

8 Beds ⋅ 2 Baths ⋅ 202619923 MLS

Turnkey investment opportunity in Albany's West Hill neighborhood! This fully tenant-occupied two-family property features 8 bedrooms and 2 full baths across two spacious units, providing immediate rental income from day one. Both apartments are leased, making this an ideal addition to an investor's portfolio. Situated on two adjoining lots (197 & 199 N Lake Ave), this unique offering provides additional land value and future potential. Opportunity to own a cash-flowing asset with established tenants already in place.

199 N Lake Avenue

$249,999

3 Beds ⋅ 3 Baths ⋅ 202619875 MLS

Three-Unit Investment | Albany's South End Exceptional opportunity for investors or owner-occupants in Albany's growing South End. This updated three-unit property sits minutes from Downtown Albany, Empire State Plaza, the Albany Waterfront, and major highway access. Unit Mix: 1st and 2nd floor units are vacant -- move in or rent immediately. Basement unit is tenant-occupied with active cash flow. Recent updates throughout all three floors. Location: Positioned in one of Albany's most actively developing corridors, with new construction, infrastructure improvements, and community reinvestment underway. Walkable to shops, restaurants, parks, public transit, and government offices. The Opportunity: Immediate income, flexible occupancy options, and long-term upside in a high-demand rental market. A strong addition to any portfolio.

72 Bassett Street

$329,000

4 Beds ⋅ 4 Baths ⋅ 202619848 MLS

Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albany's last historic bar spaces paired with two income-producing apartments. The commercial space offers a fully renovated bar/lounge, complete with a stunning custom bar, dining area, kitchen, office, and one ADA-compliant bathroom and one standard bathroom, along with a mop/broom closet. RESTAURANT EQUIPMENT CONVEYS WITH THE SALE OF THE PROPERTY! With USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater (2025), this space is turnkey and ready for its next concept. Currently generating $1,500/month with upside to ~$2,000/month upon liquor license approval. Upstairs, two spacious 2-bedroom apartments feature updated layouts, large bathrooms, and strong rental history; both currently occupied (month-to-month) at $1,300 and $1,400/month. Major improvements include new roof (2018), full electrical service update (2023), new sewer line to street (2024), updated plumbing with PEX throughout, and newer hot water tanks--offering peace of mind for years to come. Tenants pay utilities, keeping operating expenses low and returns strong. Whether you're an investor seeking cash flow or an owner-user looking to operate a business while collecting residential income- this is a rare find in the City of Albany! Current Income: Bar: $1,500/mo = $18,000/year Apts: $2,700/mo = $32,400/year Total Gross = $50,400/year Expenses: Taxes: $9,963 Insurance: $2,568 Water/Sewer: ~$675 Total Expenses ≈ $13,206 NOI (Net Operating Income): $50,400 - $13,206 = $37,194 CAP Rate (Current): *11.3%* 11%+ cap rate, built-in income, and serious upside...this is the deal investors wait for!!!!

427 S Pearl Street

$130,000

5 Beds ⋅ 2 Baths ⋅ 202619823 MLS

Motivated seller- Bring your best offer and creative idea to this project. Handyman Special in the Heart of Albany! Opportunity awaits with this brick multifamily property located in Albany School District. This investor special offers tremendous potential for investors, contractors, flippers, or owner-occupants looking to build equity. The property requires a complete rehabilitation and is being sold as-is. Cash offers only. Featuring a brick exterior and a prime location close to major highways, public transportation, shopping, restaurants, schools, hospitals, and downtown Albany amenities, this property presents an excellent value-add opportunity. Low taxes help maximize future investment potential. Bring your vision, tools, and creativity to transform this multifamily property into a strong income-producing asset or long-term investment. Rare opportunity to purchase a fixer-upper in a convenient Albany location with endless possibilities. Don't miss your chance to unlock the potential this property has to offer!

13 Lexington Avenue

$499,000

10 Beds ⋅ 3 Baths ⋅ 202619770 MLS

This 3-unit has been updated and maintained. There is newer flooring, updated kitchens and baths in all 3 units. Unit 1 has 4 bedrooms and 1 full bath, Unit 2 has 3 bedrooms and 1 full bath. Unit 3 has 3 bedrooms and 1 full bath. There is a large living room in each unit. Small backyard and a larger side yard that tenants use for a 3 car off street parking area. Each unit is month to month and could be getting higher rents.

144 Broad Street

$550,000

10 Beds ⋅ 4 Baths ⋅ 202619760 MLS

Excellent investment opportunity on one of Albany's most desired neighborhoods with monthly rents totaling $5,425. This fully renovated & well-maintained four-unit property features separate utilities, helping minimize owner expenses and maximize cash flow. Located in a strong rental market near Albany's hospitals, colleges, downtown employers, restaurants, and public transportation, the property offers consistent tenant demand and long-term investment potential. Whether you're looking to expand your portfolio or acquire your first multifamily asset, this quadplex provides a solid foundation with multiple income streams and efficient operations. Don't miss the chance to own a turnkey investment property in the heart of Albany. Can be packaged with 211 Quail Street.

360 Madison Avenue

$300,000

4 Beds ⋅ 3 Baths ⋅ 202619620 MLS

Motivated Seller. Fully upgraded 2 family -can be used for commercial. Excellent Condition. New Roof, New Furnace, New Kitchens, New Bathrooms, New appliances. First floor unit with 2 bed 1 bath. Second floor unit with 2 bed 2 bath. Estimated rental $3200 per Month.

70 N Lake Avenue

$325,000

5 Beds ⋅ 2 Baths ⋅ 202619557 MLS

Well-maintained two-family, up/down duplex in a convenient Albany location with strong income potential. The first-floor unit features 3 bedrooms and 1 full bath and is currently rented month-to-month at $975/month, with estimated market rent of approximately $1,500/month. The second-floor unit offers 2 bedrooms and 1 full bath and is currently vacant, with projected rental income of approximately $1,400/month. Recent improvements include a new boiler and water heater serving the first-floor unit, as well as an updated bathroom in the second-floor unit. The property offers separate utilities and hot water systems for each unit, plus two washer/dryer hookups in the basement for added tenant convenience. Additional features include off-street parking and a former garage pad in the backyard, providing an opportunity for future garage reconstruction or additional improvements. An excellent opportunity for both investors and owner-occupants seeking rental income in a desirable Albany location.

631 Washington Avenue

$150,000

4 Beds ⋅ 2 Baths ⋅ 202619476 MLS

Great investment opportunity with big backyard. All Utilities are Separate. Sold as is

104 2nd Avenue

$239,900

2 Beds ⋅ 2 Baths ⋅ 202619397 MLS

Turn-key 2-family property featuring two fully renovated 1-bedroom, 1-bath units with modern updates throughout. Each unit offers bright living space, updated kitchens and baths, and separate utilities, making this an excellent investment opportunity or ideal owner-occupant property. Both units are currently leased, with the upstairs tenant moving out at the end of July, offering flexibility for a new owner. Conveniently located near shopping, dining, and major highways for easy commuting. A great addition to any portfolio!

1522 7th Avenue

$600,000

3 Beds ⋅ 4 Baths ⋅ 202619080 MLS

Very rare opportunity to own a unique duplex in Albany's highly desirable Center Square neighborhood. Technically comprised of two separately deeded condominiums, 149 Lancaster Street is being offered as a duplex, providing flexibility for investors and owner-occupants alike. The property features spacious living areas, abundant natural light, and the historic character that makes Center Square so sought after. Unit 1 is a massive 1 bedroom/ 1.5 bathroom with an exceptional garden & outdoor space. Unit 2 is equally as grand but with 2 bedrooms/ 1.5 bathrooms and rooftop deck perfect for firework spectating. Both units to be delivered vacant. Located just steps from Washington Park, Lark Street, Albany Medical Center, restaurants, shops, and downtown Albany, this property offers exceptional walkability and strong rental demand. Continue operating as a duplex or explore the benefits of the existing condo structure. A rare chance to own a versatile income-producing property in one of Albany's premier neighborhoods

149 Lancaster Street

$850,000

10 Beds ⋅ 6 Baths ⋅ 202619003 MLS

One of the most uniqure buildings you will find in Albany! Immaculate 4 unit historical multifamily in the heart of Center Square with all modern units and amenities. Each unit has central air, washer/dryer & dishwasher, fireplaces, hardwood floors throughout. New tile in bathroom, updated appliances, updated heating. 3 units have their own private rooftop decks and a shared private courtyard. Front downstairs unit has privatized glass on window that still allows natural light. Amazing investment opportunity or owner occupy. Residential street directly off Lark St, close proximity to State offices, hospitals, univiersties, etc.

201 Jay Street

$330,000

5 Beds ⋅ 4 Baths ⋅ 202618803 MLS

PRICE IMPROVMENT !!...If you want cash flow, this property projects 50K annual rental income. Great Albany location. Close to hospitals, universities, restaurants and entertainment. 4 units with hardwood floors throughout. With two vacant units ideal for owner occupancy. Each unit has its own gas and electric meter, as well as a house meter, individual water heaters for each unit. New kitchen appliances in some units. Start your investment property dreams or add to an existing portfolio. Don't miss out...Schedule a showing today.

802 Myrtle Avenue

$260,000

6 Beds ⋅ 3 Baths ⋅ 202618685 MLS

Welcome to this exceptional triplex property located at 313 1st Street in the heart of Albany, NY. This investment opportunity is perfect for both seasoned investors and first-time buyers looking to capitalize on the rental market. Property Features: Units: The triplex consists of three maintained units, each offering its own unique charm and appeal. Size: With a spacious layout, each unit features ample living space, bright natural light, and comfortable bedrooms. Location: Situated in a vibrant neighborhood, this property is conveniently located near local amenities, public transportation, parks, and schools, making it ideal for tenants. Potential Income: With strong rental demand in the area, this triplex presents an excellent opportunity for generating income. Parking: The property includes off-street parking for residents, adding to its convenience and appeal. This triplex is not only a fantastic investment opportunity but also a wonderful place to call home. Whether you're looking to occupy one unit and rent out the others or solely use it as an investment property, 313 1st Street is a must-see. Don't miss your chance to own this prime piece of real estate in Albany!

313 1st Street

$334,000

3 Beds ⋅ 3 Baths ⋅ 202618608 MLS

Great opportunity to own this well maintained beautiful historic three-family in Albany. Conveniently located across from Suny Albany downtown campus and walk distance to Washington Park. Original architectural features inside out, private rear porch for each unit. Perfect for owner occupy or investment. Rents are $1350, $1225 and $975.

385 Washington Avenue

$329,000

3 Beds ⋅ 2 Baths ⋅ 202618577 MLS

Mixed use property in the heart of Delaware Avenue Business District. Close to the Spectrum Theater and many restaurants. Store Front occupied by a hair salon (shown by appointment only) Apt 1 vacant (1br), Apt 2 occupied (3BR)

404 Delaware Avenue

$385,000

6 Beds ⋅ 2 Baths ⋅ 202618553 MLS

Great investment or owner-occupant opportunity in Albany! This spacious 2-family home offers a total of 6 bedrooms and 2 full bathrooms, with each unit featuring 3 bedrooms and 1 bath. Conveniently located near colleges, hospitals, shopping, restaurants, bus lines, and major highways. Whether you are looking to add to your rental portfolio or live in one unit while renting the other, this property offers strong potential. Don't miss this opportunity in a desirable Albany location!

149 Homestead Avenue

$99,000

5 Beds ⋅ 2 Baths ⋅ 202618538 MLS

*SHORT SALE* Multi-family property with strong upside potential. Currently configured as two units, featuring a 1-bedroom, 1-bath first-floor apartment and a 2-bedroom, 1-bath second-floor apartment**. The first-floor unit offers the potential to be reconfigured into a 2-bedroom layout, while the basement may provide an opportunity for additional living space or a future apartment, subject to municipal approvals. The property requires substantial renovations, including a new roof, making it an excellent opportunity for investors. Transaction is being professionally negotiated by ARII Solutions, LLC. Buyer shall be responsible for a $7,500 short sale processing fee at closing. Please review the ''Presentation of Offers'' instructions prior to submitting an offer. Property is being sold in its current As-Is condition. Seller and lender approval may be required.

67 Walter Street

$174,999

5 Beds ⋅ 2 Baths ⋅ 202618537 MLS

Attention Investors!! Looking to start or to add to your business portfolio.All showing require pre-approval letter or bank statement before any appointments are confirmed. Property Sold As Is .

300 3rd Street

$299,000

6 Beds ⋅ 2 Baths ⋅ 202618468 MLS

This fully occupied duplex in Albany's sought-after Pine Hills, adjacent to Helderberg, boasts mirrored 3BD, 1BA layouts in each unit, providing ample space for tenants. Located a short walk from Albany Medical Center, St. Peter's Hospital, and vibrant New Scotland Avenue, with popular spots like Ale & Oyster and Tipsy Moose nearby, this property is perfect for investors seeking a prime location. Both units MTM, upstairs is rented for $1,550 and downstairs for $1,500.

88 Woodlawn Avenue

$289,900

5 Beds ⋅ 3 Baths ⋅ 202618282 MLS

Great Opportunity to convert this mixed-use building into a side-by-side 2 family located on the prime corner of New Scotland and S. Main. Currently set up with offices on the left side and a 2 bedroom/1 bath apartment on the right. With a full basement and separate utilities, it would be an easy conversion making this into cash cow. Walking distance to hospitals, schools, restaurants, and shopping. Take advantage of this hard-to-find great deal!

538 New Scotland Avenue

$230,000

5 Beds ⋅ 3 Baths ⋅ 202618219 MLS

.Calling all investors! Great opportunity to add to your portfolio Down stairs ( basement) 1 bedroom, 1 bath. Apt 2 -2 story with 1 bedroom on 1st floor and 3 bedrooms upstairs and 2 bathrooms . Separate utilities. Great income potential.

318 1st Street

$1,025,000

19 Beds ⋅ 12 Baths ⋅ 202618199 MLS

This is the perfect investment opportunity in the heart of Albany! This 3-story brownstone features 19 rental units with a mixture of apartments and room rentals. Combined with a small parking lot and 3 car garage (27 2nd St), this building is being offered at an attractive 11% cap rate. If you are looking for a true cash flow machine, this is the perfect fit!

29 2nd Street

$399,900

2 Beds ⋅ 3 Baths ⋅ 202618141 MLS

Prime mixed use opportunity on Madison Ave in the sought after Center Square/Hudson Park neighborhood, just steps from Lark St. This mixed use, commercially zoned property features a versatile first floor commercial space with central air and a commercial kitchen setup, ideal for restaurant, café, retail, office, or other business use. The second and third floors each offer bright and well appointed one bedroom apartments. Located in one of Albany's most walkable neighborhoods, close to restaurants, shops, Washington Park, downtown amenities, and state offices, this property presents an excellent opportunity for investors or owner occupants alike.

418 Madison Avenue

$399,000

3 Beds ⋅ 3 Baths ⋅ 202618021 MLS

Recently renovated triplex near Albany Medical Center featuring updated interiors and convenient access to hospitals, major highways, downtown Albany, shopping, dining and public transportation. This well-maintained three-family property offers strong rental appeal for both tenants and investors alike. Each unit features a living room, kitchen, dining room, additional flex space ideal for a family room or den, one bedroom and one full bathroom. Two of the three units are currently occupied on month-to-month leases, while the second-floor unit is vacant and ready for an owner-occupant or new tenant. The property offers modern updates throughout, excellent income potential, and low-maintenance appeal. Whether you are looking to expand your investment portfolio or occupy one unit while generating additional rental income, this versatile multi-family property presents a fantastic opportunity in a highly convenient location.

208 Myrtle Avenue

$175,000

6 Beds ⋅ 2 Baths ⋅ 202617966 MLS

Attention Investors !! Looking to start or to add to your business portfolio. Property Vacant easy to show pre-approval letter require or bank statement before any appointment are confirmed Rops are in place. SOLD AS IS.

257 Elk Street

$225,000

6 Beds ⋅ 2 Baths ⋅ 202617899 MLS

Exceptional up and down 2 family in Albany just minutes from downtown! Unit 1 offers 2 bedrooms and 1 full bath while Unit 2 features 4 bedrooms and 1 full bath. Strong rental income with the 1st floor at $1,300 per month and the 2nd floor at $1,800 per month for a total of $3,100 monthly income. Recently renovated throughout with a brand new ultra efficient heat pump and mini split HVAC system along with newer vinyl windows. Seller financing available with just 20% down. Low taxes of only $2,935 annually. Ideal for owner occupants or investors seeking strong monthly cash flow. Take ownership and start collecting rent immediately. Schedule your private showing today!

88 Elizabeth Street

$575,000

5 Beds ⋅ 5 Baths ⋅ 202617831 MLS

FOR INVESTORS: Legal 2-family property offering dual rental income opportunities. Strong demand for short-term and long-term rentals with close proximity to skiing, golf, hiking, and farm-to-table dining. Features include ample storage, a full walk-up attic, brand-new stainless steel appliances, and laundry hookups. Just 2+ hours from NYC, this home is well positioned for a weekend rental audience and makes a solid addition to any investment portfolio. FOR ENTREPRENEURS: Outbuildings provide excellent potential for an artist studio, yoga space, workshop, or other creative use. The legal 2-family configuration offers flexibility for live/work needs. Conveniently located near Albany, Hudson, Windham, and Saugerties—ideal for attracting clients or visitors. Scenic mountain views and access to outdoor recreation further enhance short-term rental appeal. FOR HOMEBUYERS: Two fully equipped living units offer versatile options for those seeking separate living spaces or adaptable layouts. Spacious bedrooms, a primary suite, and enclosed sunrooms provide comfort and privacy. The expansive living room features a wood-burning fireplace that adds warmth and character, while central air and mini-splits ensure year-round comfort. Located in the Greenville School District, which offers the International Baccalaureate Program.

186 Cty Rte 411

$79,900

6 Beds ⋅ 2 Baths ⋅ 202617576 MLS

Investor special in Albany! This up-and-down duplex at 402 2nd Street offers a prime value-add opportunity for investors, flippers, or contractors looking for their next rehab project. The property needs extensive renovation throughout, including major interior and exterior updates, but has strong upside potential once restored. Features a traditional duplex layout with separate units, offering future rental income or owner-occupant possibilities. Conveniently located near downtown Albany, schools, parks, and major highways. Bring your vision and tools -- this is a full rehab with serious potential for the right buyer.

402 2nd Street

$259,000

6 Beds ⋅ 2 Baths ⋅ 202617519 MLS

Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.

10 Hurlbut Street

$220,000

5 Beds ⋅ 2 Baths ⋅ 202617450 MLS

Come take a look. 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. The first-floor unit is newly vacant and easy to show, while the second-floor unit is currently occupied, providing immediate rental income. Featuring separate gas boilers and electric panels, this property is ideal for investors seeking efficiency and convenience. Enjoy a spacious backyard, off-street parking, washer and dryer hookups, and generous living space throughout. Please note: lead abatement is needed in the first-floor unit. With strong income-producing possibilities and flexible ownership options, this is an opportunity you won't want to miss. Home sold as is.

318 Saratoga Street

$675,000

5 Beds ⋅ 4 Baths ⋅ 202617344 MLS

Four Stories of Living Space. First Floor is large open dining/living room with separate eat in kitchen with bay window overlooking the deck and garden. Half bath. Central A/C. Five Ornamental Fireplaces. Parquet and Hardwood Floors, Tall Ceilings, Large Windows, Original Moldings and Medallions throughout. Second and third floors have two bedrooms with full baths and top floor laundry. Bonus study on top floor. Washington Park views from primary bedroom bay window. First floor deck. Small perennial garden. Full garden level one bedroom rental apartment or guest suite. Wine celler.

223 Lancaster Street

$275,000

5 Beds ⋅ 2 Baths ⋅ 202617258 MLS

Fully renovated two-family property in a convenient Watervliet location! This turnkey investment features a spacious 3-bedroom unit upstairs and a 2-bedroom unit on the first floor, both currently unoccupied. Second floor unit has a private backyard. Whether you're looking to expand your portfolio or owner-occupy in the future, this is a solid opportunity with strong rental history and minimal upkeep needed.

1540 8th Avenue

$490,000

11 Beds ⋅ 3 Baths ⋅ 202617070 MLS

Completely rebuilt from the studs up, this fully renovated multi-family property offers modern finishes, updated electrical, and ample square footage. Each unit features washer hookups, and the sale includes appliances for added convenience. The bathrooms are finished with elegant Italian marble, adding a luxurious touch to the home. Enjoy outdoor living with a spacious deck, perfect for relaxing or entertaining. Ideal for owner occupancy or investment, this unique property also includes an additional detached residential unit on the lot, providing added income potential and flexible use opportunities. Conveniently located near the public pool, downtown Watervliet, and just minutes from Latham shopping, dining, and major routes. A rare opportunity to own a turn-key property with strong cash-flow potential. ***OPEN HOUSE DAILY: MONDAY - FRIDAY, 2:00 PM - 4:00 PM ***

1427 4th Avenue

$325,000

7 Beds ⋅ 2 Baths ⋅ 202617063 MLS

Completely Remodeled 2 Unit, 1st floor 4 Bedroom 1 Bath, 2nd Floor 3 Bedroom 1 Bath, Estimated CAP RATE over 14%. New heating systems, new windows, new Kitchens and baths. Completely redone!! fantastic investment or owner occupy opportunity!!! This two-family investment property Income-producing duplex for sale in Albany separate electric and gas utilities, month-to-month rental flexibility, formal dining rooms, full kitchens, basement storage, attic space, and baseboard heat. Conveniently located near downtown Albany, shopping, restaurants, parks, public transportation, and major highways within the Albany School District.

507 Central Avenue

$539,000

8 Beds ⋅ 4 Baths ⋅ 202616990 MLS

2-Duplexes for sale next door to each other. 2 bedrooms each unit, nice backyard, off street parking, coin laundry on site, tenants are month to month. Need to be sold together 431 and 433. 64.74-2-48 and 64.74-2-49

431-433 W Lawrence Street

$244,000

4 Beds ⋅ 2 Baths ⋅ 202617039 MLS

Fantastic opportunity to own a completely turn key investment property located on a quiet street close to 787. Completely updated inside and out with good tenants that are up to date. Property comes with a vacant building lot for another home or additional parking.

13 Sargent Street

$349,900

7 Beds ⋅ 2 Baths ⋅ 202616996 MLS

Income producing duplex in a prime location with immediate cash flow and rental upside features separate utilities and new roof(2023) replacement window, fence yard and spacious units ideal for investors seeking a turnkey asset. OR owner occupants look into offset mortgage cost with rental income minutes from Albany Medical Center, Saint Peter's Hospital, downtown Albany, NYS capitol & Highways.

11 S Dove Street

$290,000

5 Beds ⋅ 3 Baths ⋅ 202616892 MLS

This charming 2-family home sits on a lively street where you'll never miss a beat. Ideally located near the highway, shopping centers, gyms, and restaurants -- ensuring strong rental demand year-round. Recent improvements include a new rear porch, sprinkler system, and updated flooring, reducing future maintenance costs. Currently occupied by stable tenants, this property delivers reliable cash flow from day one. A solid addition to any investment portfolio.

446 2nd Avenue

$499,000

10 Beds ⋅ 3 Baths ⋅ 202616820 MLS

Two-family residential property in Albany featuring approximately 2,454 sq ft of above-grade living space per public record. Property includes garage parking and shared driveway access. Property is currently tenant-occupied. Lease information available upon request. Buyer to verify all information including taxes, square footage, leases, and condition.

14 W Erie Street

$289,900

4 Beds ⋅ 2 Baths ⋅ 202616557 MLS

Fantastic development opportunity! Package of 8 parcels! Offering a 2 family home with a 2 car detached garage, another 5 bay garage with 8 vacant land parcels. The first floor apartment is renovated in the two family but the 2nd floor needs rehab. Both units are occupied with longer term tenants. The first floor pays $750 and the second floor pays $650 and both are month to month. Enjoy plenty of off street parking and a 2 car detached garage. This property is in the middle of Albany revitalization project of upwards of $177 million of brand new 2 family homes being built all around the South end of Albany. Don't miss this unique opportunity to have instant equity in this great project. Rents could be much higher with HUD fair market rents at $1,702 per month for the year of 2026. All data, dimensions and tax map numbers are attached under documents. Properties MUST be sold as a package.

13 Batcher Street

$499,000

7 Beds ⋅ 4 Baths ⋅ 202615912 MLS

Well maintained 4-Unit Investment Property! Located on Morton Avenue, this solid 4-unit building offers a fantastic opportunity for investors seeking strong rental potential paired with valuable property upgrades. Recent improvements include 3 high-efficiency natural gas condensing boilers, 2 coin-operated washers + dryers for tenant convenience, a newer roof, gutters, sidewalk + hot water tanks. Inside the units have been updated: 3 units offer updated kitchens w/granite. The property also features a 3-car detached garage, offering additional storage or rental income potential. Across from Lincoln Park.

272 Morton Avenue

$329,777

6 Beds ⋅ 3 Baths ⋅ 202615729 MLS

When this home was built, it was part of an area where many of Albany's well-to-do residents lived. Today, it sits in the shadow of the Governor's Mansion, still in use, adding to the significance of the location. As the name suggests, the property overlooks a wonderful park out back, giving tenants great views from the yard and even better ones from their balconies. There's also a great alley behind the property, offering convenient access and additional space. Much of the original detail remains inside, including the woodwork and floors, while the exterior offers strong curb appeal. You can almost imagine what life was like on this street during the Victorian era, with horse-drawn carriages passing by. One of the neighboring multi-family homes recently sold, further supporting the appeal of this unique and historic location. The structure appears to be rock solid, and many of the systems have been updated over time, including a roof improvement and full deck replacement approximately 10 years ago. All of the apartments have also been renovated within the last 10 years, adding to the property's overall condition and appeal. With some vision, you can imagine how this property could truly shine. This is a solid rental opportunity, and it's also worth considering for a first-time homebuyer--live in one unit while the other two help cover much of your expenses. A great opportunity in the right setting. Own a piece of Albany history and live in the heart of the state's capital alongside its leadership.

52 Park Avenue

$299,900

6 Beds ⋅ 4 Baths ⋅ 202615460 MLS

Completely renovated two-family property in the Cohoes City School District offering exceptional space, flexibility, and modern finishes throughout. Each unit features three spacious bedrooms and two full bathrooms, including dual primary suites--one with a traditional layout and a second private suite with its own full bath, ideal for extended living or added rental appeal. Both units have been updated from top to bottom over the past several years, showcasing tiled bathrooms, updated kitchens with stainless steel appliances, and quality finishes throughout. One unit offers quartz countertops while the other features granite, providing a high-end feel in each space. Additional highlights include forced hot air heating, central air conditioning, and enclosed back porches with laundry for added convenience. This is a true turnkey opportunity--perfect for owner-occupants or investors alike. Nothing to do but move in and start generating income.

186 Main Street

$365,000

6 Beds ⋅ 2 Baths ⋅ 202615320 MLS

A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr

683 State Street

$245,000

6 Beds ⋅ 2 Baths ⋅ 202615287 MLS

Classic multifamily offering in desirable area with strong rental history & separate utilities. Two generously sized units with a total of 6 bedrooms and 2 full bathrooms combining original character with practical layouts. Each unit offers large living areas, separate dining rooms, hardwood floors, and spacious bedrooms. Recent updates include renovated kitchens with stainless steel appliances, updated bathrooms, and fresh finishes throughout, while still maintaining the charm and warmth of a classic Albany property. Conveniently located near downtown Albany, hospitals, colleges, bus routes, highways, restaurants, and neighborhood amenities, this property is ideal for owner-occupants looking to offset expenses with rental income or investors seeking a solid multifamily asset in a high-demand rental area. Quail Street sits within Albany's desirable Pine Hills neighborhood, known for its walkability, rental demand, and proximity to local conveniences. A great opportunity to own a classic Albany multifamily with strong upside and long-term value. See P&L.

211 Quail Street

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Kellie Kieley Realty, LLC

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