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

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

$200,000

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

$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

$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

$115,000

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. An additional adjacent lot is included in the sale, located right next door. This extra parcel offers great potential for additional off-street parking or with Town/City approval, the possibility of a buildable lot- a valuable bonus with plenty of options for the new owner. 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

$130,000

4 Beds ⋅ 2 Baths ⋅ 202619476 MLS

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

104 2nd 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

$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

$325,000

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

$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

$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

$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

$500,000

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

$200,000

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

$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

$110,000

5 Beds ⋅ 2 Baths ⋅ 202617184 MLS

Back on Market Pending Releases. Handyman special duplex offering tremendous investment potential. Property requires total renovation and is being sold as-is. Situated on a large lot with off-street parking and gated driveway. Excellent opportunity for investors, contractors, or buyers looking to restore and add value.

221 Livingston Avenue

$239,000

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

$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

$475,000

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

$250,000

11 Beds ⋅ 5 Baths ⋅ 202616027 MLS

Investor Alert! Strong value add opportunity in a prime Watervliet location. This 4 unit property offers significant upside with a unit mix of two 1 bed 1 bath units, one 4 bed 2 bath unit, and one 5 bed 1 bath unit with a private laundry room. Excellent income potential with BRRR upside, potential to reconfigure into a 5 unit setup, and strong short term rental appeal. Property requires a full renovation and is being sold as is. Cash only, will not qualify for traditional financing. A substantial amount of renovation materials are already on site and ready for installation, helping streamline the project. With an estimated after repair value of $500K+, this is a compelling opportunity for investors looking to build equity. Situated on a corner lot with a 2 car garage and off street parking. Schedule your private tour today.

1301 Broadway

$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

$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

7 Beds ⋅ 4 Baths ⋅ 202614849 MLS

Great investment property. Turn key 4 unit. New appliances in all units. Hardwood floors in all units. Off street parking for 3 plus cars. All tenants month to month and paying .

499 Delaware Avenue

$420,000

4 Beds ⋅ 2 Baths ⋅ 202614665 MLS

Welcome to the Heart of Voorheesville! This Duplex property is Located Directly across the street from the Pretty Alright Breakfast Club Diner, and Directly next door to the New Blackbirds Tavern! Be part of the Revitalization excitement! Exterior Features: Newer Roof, Newer Kohler standby generator, Freshly Painted Home and Barn/Garage 2025. Huge Lot, Large Yard with Perennials, Historic Carriage house with/ Workshop/Loft/2 Garage bays w/Electric openers, Small Shed, Large Parking area, Large Front Porch and Large side Porch w/ first floor access. interior Features 1st floor: 80% vinyl replacement windows, HW flooring, Carpeting 2 Bedrooms, 1 Bathroom w/tub, Living room, Parlor, Bonus Room, Kitchen. Interior Features 2nd floor: NEW Refrigerator, HW Flooring, Carpeting, Vinyl Plank, 2 Bedrooms, 1 Bathroom, Living room, Bonus room, Kitchen. Has full Walk-up attic, Full Walk-out Basement.According to Seller the Address is 38-40 Voorheesville ave due to the Barn having its own Deed.

40 Voorheesville Avenue

$739,900

6 Beds ⋅ 4 Baths ⋅ 202614635 MLS

Welcome to 29 Dove Street, a classic Albany 3-unit residence filled with timeless architectural details and inviting living spaces. From the moment you enter, you'll appreciate the high ceilings, original woodwork, and natural light that give this home its unique charm and character. The layout offers comfortable and flexible living space, with generously sized rooms that can be tailored to your lifestyle--whether you're working from home, entertaining, or simply enjoying a quiet retreat in the city. Original features throughout the home provide a beautiful foundation, while still allowing room to personalize and make it your own. Located just steps from downtown restaurants, parks, and the Capitol area, this home offers the perfect blend of historic charm and modern-day convenience. Enjoy walkable access to some of Albany's best amenities while living in a neighborhood known for its character and appeal. A rare opportunity to own a piece of Albany's history and create a space that truly feels like home.

29 Dove Street

$189,000

4 Beds ⋅ 2 Baths ⋅ 202614449 MLS

Great Investment Opportunity! This 4 bedroom, 2 bath is centric and perfectly located in a quiet street near to malls, stores and more. This well maintained, already rented and producing income property is a ideal investment to add to your portfolio, or to occupy one unit while living in another. Schedule a showing now!

796 Livingston Avenue

$589,000

6 Beds ⋅ 4 Baths ⋅ 202614261 MLS

PRICE IMPROVEMENT ** Award-Winning 4-Unit in Historic Ten Broeck Triangle** Experience a blend of 19th-century elegance and modern peace of mind at 79 Ten Broeck Street. Originally built in 1872 for James Martin, this stately brick brownstone stands as a testament to Albany's rich architectural history and has been meticulously maintained to the highest standards. **Property Highlights** Proven Quality: Recipient of the *2019 Historic Albany Foundation Preservation Initiative Award* for its comprehensive and thoughtful rehabilitation. Safety & Infrastructure: Fully updated with a complete sprinkler system throughout the building--a rare and valuable safety feature for historic multi-families. Meticulous Interiors: The building is in excellent shape, featuring soaring ceilings, exposed brick walls, and beautifully refinished original wide-plank wood floors that radiate character. Turn-Key Operation: Home to great, reliable tenants who care for their spaces. The property is truly ''plug and play'' for a savvy investor or an owner-occupant looking for a sophisticated urban lifestyle. Investment Potential While the property is currently fully leased and generating steady income, the rents are currently below market value. This provides a clear path for immediate equity growth and increased cash flow through strategic adjustments. Location: The Historic Ten Broeck Triangle Nestled in one of Albany's most charming and historic districts, 79 Ten Broeck is just steps away from: * The vibrant dining and entertainment of Downtown Albany and the Palace Theatre. * Easy commutes to the Capitol, SUNY Albany, and major hospital hubs. Whether you are looking to expand your portfolio with a trophy asset or start your investment journey, this building offers the perfect marriage of historic soul and modern mechanical reliability. Don't miss the chance to own a piece of Albany's history. Contact Craig Cioffi today.

79 Ten Broeck Street

$435,000

5 Beds ⋅ 4 Baths ⋅ 202614240 MLS

Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.

138 Lancaster Street

$234,900

4 Beds ⋅ 2 Baths ⋅ 202614171 MLS

Fully occupied duplex in Cohoes with updates throughout the property. Long term first floor tenant in place. Each unit features 2 bedrooms and 1 bath. Hardwood floors were just installed in unit 2. This could make a great owner occupant property or a solid addition to your investment portfolio

46 Congress Street

$774,900

8 Beds ⋅ 8 Baths ⋅ 202614058 MLS

Fully renovated 8-unit income-producing apartment building located in Albany's Historic Ten Broeck Triangle with all separate utilities! Each unit has its own Navien high efficiency on-demand hot water tank. Gorgeous original details, crown moldings, full floor mirrors, hardwood floors, soaring ceilings & MORE! Building consists of 7 1 bedroom/ 1 bath and 1 studio apartments. Solid surface countertops, wood cabinets, & marble fireplaces. Don't miss out on this incredible opportunity to add this turnkey, low maintenance asset to your portfolio!

81 Ten Broeck Street

$99,900

4 Beds ⋅ 2 Baths ⋅ 202613953 MLS

Two-family home in Albany! Great investment potential! This property needs some work, but with the right vision, it can be transformed into a strong income-producing asset. Conveniently located near major highways and bus lines, making commuting easy for future tenants. Fix it up, rent it out, and start generating steady cash flow. Don't miss this opportunity to collect rental income from this promising property! Market rents could be 1702.00 each apartment so 3404 per month...40,848 rental income per year. Back on market buyer due to financing.

390 2nd Street

$269,900

3 Beds ⋅ 3 Baths ⋅ 202613903 MLS

Looking for your next project? Look no further! Investor special with strong upside potential! This spacious brick triplex offers a fantastic opportunity for renovation and value creation. Featuring high ceilings, original architectural details, and multiple fireplaces, the home has solid bones and plenty of character ready to be brought back to life. Natural light flows throughout, and the property includes classic elements such as original trim work and exposed brick, offering the perfect canvas for a modern restoration. The property is in need of some renovation and is being sold as-is making it ideal for investors, contractors, or buyers looking to customize a property to their vision. Conveniently located near local amenities, transportation, and neighborhood conveniences. Bring your ideas and unlock this property's full potential! Seller is open to subject to or seller financing. Ask listing agent for details.

247 Quail Street

$319,999

6 Beds ⋅ 2 Baths ⋅ 202613396 MLS

HOUSE HACK OPPORTUNITY - LIVE FOR FREE IN COHOES - Sold ''As Is'' Fully renovated duplex with immediate cash flow. Unit 1 is vacant and ready for owner-occupant. Unit 2 currently rented at $1,700/month -- tenant covers majority of your mortgage from day one. 6 bedrooms, 2 full baths, 2,116 sq ft Both units completely updated with modern finishes Recent basement waterproofing - new sump pump installed April 2026 Low taxes: $3,785/year Strong rental history INVESTOR MATH: 3.5% down FHA (~$11,900) Monthly mortgage: ~$2,663 PITI Tenant pays: $1,700/month Your cost to live there: ~$963/month Perfect house hack opportunity - tenant covers 64% of your housing cost while you build equity. This is one of the strongest house hack opportunities in the Capital Region. Perfect for first-time investors, owner-occupants looking to offset housing costs, or buy-and-hold portfolios.

5 Short Street

$248,900

6 Beds ⋅ 3 Baths ⋅ 202613321 MLS

Investor Opportunity or owner-occupant Dream! Don't miss this income-generating duplex on Elk Street in one of Albany's most convenient locations. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income, this property offers flexibility and strong potential. Key Highlights: 2nd Unit- Updated bathrooms, kitchen, flooring and new painting last year. Basement- new floor tiles and new paint. High rental demand area. Located just minutes from University at Albany, SUNY, Albany Medical Center, shopping and restaurants.

408 Elk Street

$274,900

5 Beds ⋅ 2 Baths ⋅ 202613146 MLS

Well-maintained two-family investment property in Albany's desirable Pine Hills neighborhood. Both units currently have long-term tenants who would like to renew their leases. Property features separate utilities, a large driveway with ample off-street parking, and a small backyard area. Coin-operated washer and dryer located in the basement. The second unit has been recently fully renovated, while the first unit has been freshly painted with refinished floors. Convenient Albany location close to colleges, hospitals, shopping, and restaurants.

511 Morris Street

$599,000

2 Beds ⋅ 5 Baths ⋅ 202612819 MLS

Mixed-Use Opportunity in Historic Albany! Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use. The property has seen significant recent capital improvements totaling over $25,000, including a new commercial central air conditioning system, a new rubber roof, and a brand new hot water tank -- providing buyers with peace of mind and minimal near-term capital expenditure requirements. A unique opportunity to own a versatile, well-maintained building in one of Albany's established corridors. Tailor inventory can be purchased separately or included with the sale of the property.

204 Lancaster Street

$1,800,000

24 Beds ⋅ 13 Baths ⋅ 202611652 MLS

Fantastic property that was recently rehabbed and modernized. Two Long term, commercial tenants with 8 apartments. Typically rented to students from UAlbany, Albany Law, Albany, Med. Great rental neighborhood. Close to UAlbany Downtown Campus, Washington Park, Albany Med, Albany Law. See attached for income and expense details. New HVAC for commercial space in 2024 and New Hot Water system for building replaced in 2025.

811 Madison Avenue

$100,000

5 Beds ⋅ 2 Baths ⋅ 202611475 MLS

Investor opportunity in Albany's West Hill neighborhood. This 5-bedroom, 2-bath duplex was built in 1888 and offers approximately 2,776 sq ft of living space on a 0.07-acre lot. The property provides strong potential for renovation and income production in an established urban location close to downtown Albany, major employment centers, and transportation. Property is being sold at auction.

290 3rd Street

$699,000

18 Beds ⋅ 6 Baths ⋅ 202531054 MLS

Welcome to this six-unit multifamily property which is a true investor standout, offering strong, reliable returns with no deferred maintenance or renovation work required. Each unit features separate utilities, keeping operating expenses low while maximizing profitability. Four units are occupied. The building has been exceptionally well maintained, providing a rare opportunity to acquire a high-performing asset that's truly move-in ready from an investment standpoint. Ideally located in the heart of Cohoes, the property offers convenient access to local amenities and major highways—making it very desirable for tenants and a smart addition to any investment portfolio. Don't miss this low-maintenance, high-yield opportunity to secure consistent cash flow from day one.

112 Main Street

$415,000

6 Beds ⋅ 3 Baths ⋅ 202529068 MLS

Completely turn-key investment opportunity in sought-after Center Square! This triplex has been updated throughout and features a brand new roof. The numbers work for an investment property or owner-occupy and have the tenants cover much of the mortgage! Basement unit is 1 BR, 1st floor unit is 2 BR's and 2nd/3rd floor unit is 3 BR's. Each unit features 1 full bath and all living areas and bedrooms have ceiling fans. Numerous updates throughout including flooring, kitchens & baths, and many newer windows. Brand new rear deck and stairs. 1st & 2nd Fl water heaters & refrigerators within last 2 years. All appliances stay including washer/dryer in 2 of the 3 units. Easy to maintain property in desirable and walkable Center Square!

350 Madison Avenue

$375,000

12 Beds ⋅ 2 Baths ⋅ 202528827 MLS

Prime SRO Investment Opportunity Discover a high-performing, fully occupied Single Room Occupancy (SRO) property in the heart of Albany's rental corridor. This 12-room, 11-unit building includes one self-contained studio with a private kitchen and ten additional rooms sharing a common kitchen—ideal for maximizing rental income while minimizing overhead. Consistent Cash Flow This property has a proven track record of full occupancy and strong returns, making it a turnkey investment for seasoned landlords or new investors seeking reliable passive income. Unbeatable Location Situated just steps from major bus lines, tenants enjoy seamless access to public transportation—perfect for students, healthcare workers, and professionals. Academic & Medical Hub Minutes from SUNY Albany, Albany Medical Center, Albany Law School, and other local universities and hospitals, this location attracts long-term tenants seeking affordability and convenience. Key Features • 11 rentable units across 12 rooms • One studio with private kitchen • Shared kitchen for remaining units • Always rented, high demand • Walkable to transit, schools, and healthcare Whether you're expanding your portfolio or entering the multifamily market, 145 Quail St offers the rare combination of location, stability, and income. Schedule a showing today and see why this property never stays vacant.

145 Quail Street

Albany County, NY Multi-Family Homes for Sale

Newest Albany County, NY Multi-Family Homes for Sale

Kellie Kieley Realty, LLC

Search

Resources

About