Rensselaer County, NY Real Estate Search

Rensselaer County, NY Multi-Family Homes for Sale

Rensselaer County, NY, offers a diverse selection of multi-family homes for sale, making it an attractive market for both investors and families seeking additional rental income. The region boasts a range of properties, from charming, historic buildings to modern constructions, catering to varying tastes and budgets. Located just a stone's throw from the vibrant cities of Troy and Albany, these multi-family homes provide convenient access to local amenities, public transportation, and recreational areas. Furthermore, the area's robust rental market is fueled by nearby colleges, universities, and burgeoning employment opportunities, making it a strategic investment for those looking to capitalize on the growing demand for rental housing. Whether you are interested in a fixer-upper or a turnkey property, Rensselaer County's multi-family listings offer a promising opportunity to build wealth through real estate.

Our website features the best real estate search for multi-family homes available in Rensselaer County, NY and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the Rensselaer County, NY real estate market? Sign up for a  Rensselaer County, NY Real Estate Market Report to see what’s active, under contract, and sold!

Newest Rensselaer County, NY Multi-Family Homes for Sale

$399,000
8 Beds ⋅ 3 Baths ⋅ 202615023 MLS
Spacious and solid investment opportunity offering over 4,200 sq. ft. of living space. Built in 1880 and thoughtfully maintained, this brick three-family property features a total of 8 bedrooms, 2 additional office spaces and three full bathrooms, making it ideal for investors or owner-occupants looking for rental income. Each unit is generously sized, providing comfortable living with high ceilings and each unit has 2 decorative fireplaces. Many windows are newer replacement windows. Brand new roof in 2026!! A covered patio in the back yard and a 2 car garage with door opener and Siemens car charger complete this rare opportunity!

1040 5th Avenue
$1,625,000
46 Beds ⋅ 17 Baths ⋅ 202614769 MLS
17-unit multifamily portfolio located in South Troy consisting of three buildings and a separate vacant parcel with development potential. The unit mix includes twelve 3-bedroom units, four 2-bedroom units, and one 1-bedroom unit (45 total bedrooms). Approximately 75% of units have seen updates over the past ~2.5 years. Of the five vacant units, three are rent-ready and two are in the process of being turned over. Utilities are separately metered. The 4th St buildings also have separately metered water and sewer, providing the option to pass these expenses through to tenants. The portfolio includes a shared parking area and on-site laundry for tenant convenience. Zoned MU-1, the vacant parcel offers additional flexibility for future development (buyer to verify). Offered as a portfolio.

38 Tyler Street
$499,000
10 Beds ⋅ 7 Baths ⋅ 202614349 MLS
Discover a rare opportunity with these newly renovated apartments for sale. Two separate structures, perfect for investors or future homeowners. Each unit well maintained and currently occupied. Updates include newer roofs, newer electrical, newer plumbing & electrical, newer windows, on 7 acres of land. Located in Berlin, close to Berlin High School, Vermont, Massachusetts and the Jiminy Peak Ski Resort.

17564 State Route 22
$675,000
9 Beds ⋅ 6 Baths ⋅ 202614189 MLS
Live free, earn steady rent in this beautiful owner-occupied dream. Move into a freshly renovated unit (interiors all new in 2025) and offset your mortgage with income from three fully-leased apartments. 4 units total (3 two-beds & 1 three-bed), all on stable 1 yr leases -- immediate cashflow -- turnkey, low-hassle country living Newer shared well and septic system, and on-site coin operated laundry room. All units have their own new electric and water heaters. All new windows, plumbing, SS appliances, flooring, kitchens and baths. There is a separate owner's electric service for laundry and common areas. The 3.17 acre parcel has lots of off-street parking and green space. Surrounded by farmland for peaceful country living. 10 mins to East Greenbush or Kinderhook. 15 mins to Rensselaer and downtown Albany. Schodack Schools.

982 S Schodack Road
$688,000
14 Beds ⋅ 6 Baths ⋅ 202614113 MLS
Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 276 3rd Street (5 Units)

278-280 4th Street
$524,000
10 Beds ⋅ 5 Baths ⋅ 202614105 MLS
Welcome to 276 3rd Street, a Five unit multi-family opportunity in the heart of Little Italy in Troy. Each unit has separate utilities, allowing for simplified management and cleaner expense allocation. For sure a solid addition to an investment portfolio with strong fundamentals and long term potential. All units are configured as 2 bed, 1 bath, a unit mix that is typically easier to lease and appeals to a wide range of tenants. The property also presents value-add potential for investors looking to make improvements over time while working toward stabilization. The combination of separate utilities and consistent unit configuration provides operational flexibility. 276 3rd St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 278-280 4th Street (6 Units)

276 3rd Street
$372,000
7 Beds ⋅ 3 Baths ⋅ 202614060 MLS
Welcome to 304 4th Street, a well positioned triplex offering a strong opportunity for both investors and owner-occupants , only a few blocks from downtown Troy. This three unit property features separate utilities, making management straightforward and expenses easier to allocate, an attractive setup for portfolio investors seeking scalable assets. Each unit provides practical layouts with solid rental potential, while the overall configuration also makes this an excellent option for owner-occupied living, live in one unit and offset your mortgage with rental income from the others. 308 4th St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. Highlights: - Ideal for investors or owner-occupants - Separate utilities for each unit - Potential for value-add improvements and increased rents - Convenient location. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 278-280 4th Street (6 Units) 276 3rd Street (5 Units)

308 4th Street
$469,000
10 Beds ⋅ 3 Baths ⋅ 202613845 MLS
Big Price Adjustment and more motivated seller-RPI Investor's Dream *** A 3 Family with a 5-bedroom, 4 bedroom and 1-bedroom apt. 1 Car garage with additional income and parking for up to 6 cars, 1 block from Campus. Potentially $7,000 of monthly income at full occupancy. Currently, $4135 at partial occupancy. Updated windows, roofs, kitchens, appliances, and 3 Washers, 3 Dryer's. Tin ceilings, ornamental fireplaces and furnished You'll want to add this one to your Portfolio!

65 13th Street
$2,400,000
18 Beds ⋅ 14 Baths ⋅ 202613763 MLS
Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 7% with a high market cap rate of 8.7%.

462-470 2nd Avenue
$1,049,000
7 Beds ⋅ 6 Baths ⋅ 202612703 MLS
Awesome brick 6 unit investor or Owner occupy corner property located near Washington Park and just a short distance to Russel Sage Campus plus all the Downtown Troy amenities and ongoings: Restaurants, Shops, Farmers Market, Rocking on the river concerts, ect. All apartments have been updated throughout. Original woodworking kept intact keeping the ''old world'' charm in place while modernizing/updating all apartments kitchens, baths, lighting, electrical, flooring, basement/laundry room & nice private rear garden patio area. Six apartment rentals total 9,100 monthly when fully occupied.

156 First Street
$449,000
8 Beds ⋅ 2 Baths ⋅ 202612271 MLS
Excellent RPI rental within walking distance of Campus! This huge brick 2 family over 2900 SF living space plus large walk up attic features renovations less than 5 years that include: Kitchens, Bath, New Laundry rms both 1st and 2nd flr flats, flooring, lighting, elect services and high efficiency Navion HW Heat system & roof! This property will come with a $5,400 month lease (64,800 yearly.. 6/1/26 thru 5/31/27) Owner pays utilities. Whether its your first student rental or adding to portfolio make sure you view this solid investment property!

1609 Highland Avenue
$239,900
3 Beds ⋅ 2 Baths ⋅ 202530094 MLS
Nice renovated 2 family. Both units are vacant. Also comes with a backyard and 3 car garage.

491 2nd Street
$240,000
6 Beds ⋅ 3 Baths ⋅ 202530078 MLS
Discover this renovated 2-family home offering 1,920 sq ft, 6 bedrooms, and 3 bathrooms—perfect for investors or owner-occupants seeking rental income. Potential cash cow with 1300-1600 per unit! Each unit features spacious rooms and a functional layout. Set on a 4,699 sq ft lot with an attached garage, the property is conveniently located near shops, schools, and parks in the heart of Hoosick Falls. A great opportunity to own a nice income producing property!

99 Railroad Avenue
$90,000
4 Beds ⋅ 3 Baths ⋅ 202527179 MLS
Attention Investors & Rehabbers! Solid duplex located on a desirable street in Troy with excellent upside potential. Each unit offers 2 bedrooms and 1 bathroom, providing a strong foundation for a full renovation or value-add project. Once renovated, this property has the potential to generate conservative gross rents of $3,000+ per month. This is a great opportunity to bring a classic Troy multifamily back to life in a high-demand rental area. Serious inquiries only -- bring your vision and unlock this property's full potential! ***Hold Harmless must be signed in docs and sent to LA before showings aproved.

404 2nd Street
$395,000
6 Beds ⋅ 2 Baths ⋅ 202526506 MLS
Welcome to 1105 Hutton St, a fully occupied two-unit property offering immediate cash flow and low-maintenance ownership. This well-kept fully rented building features a new roof, various improvements, and near RPI is perfect for both seasoned investors and those just entering the rental market. Don't miss your chance to own a hassle-free, income-producing asset in a growing area of Troy! Can be sold with 319 Speigletown Rd, and 23-25 Prospect Ave Troy NY.

1105 Hutton Street
$630,000
7 Beds ⋅ 4 Baths ⋅ 202526505 MLS
Discover an excellent opportunity at 23-25 Prospect Ave, a fully occupied four-unit building offering immediate, reliable cash flow. This well-maintained property features a new roof, updated essentials, and strong rental history ideal for hands-off ownership. Located just minutes from RPI, the building is perfectly positioned for continued long-term tenants or future student rental potential. A rare chance to own a ready-to-go, income-producing asset in one of Troy's most desirable and high-demand areas! Can be sold with 319 Speigletown Rd, and 1105 Hutton Street Troy NY.

23-25 Prospect Avenue
$725,000
8 Beds ⋅ 6 Baths ⋅ 202526502 MLS
Introducing 319 Speigletown Rd, a fully occupied six-unit building offering strong, immediate cash flow and impressively low maintenance. This property has been extensively improved, featuring new electric, a new roof, new siding, and numerous interior updates throughout. A rare bonus includes an on-site garage for added storage or rental potential. With its solid upgrades, strong tenant base, and hands-off condition, this is a prime turnkey investment in the outskirts of Troy. Can be sold with 23-24 Prospect Ave and 1105 Hutton St Troy NY.

319 Speigletown Road
$450,000
9 Beds ⋅ 7 Baths ⋅ 202523648 MLS
Price Reduction!!! All offers considered!! INVESTMENT OPPORTUNITY with two post and beam buildings, 430 and 432 on Main Street in Stephentown. Many upgrades including appliances, fixtures, wiring, insulation, furnace, windows. Quality craftsmanship throughout both buildings. The current rental income for all four apartments is $5500 per month. The heat and electric are separately paid by each tenant. Lots of potential. This property boasts a beautiful private back yard setting with gardens, mature fruit trees and open space to enjoy. A small creek runs through the property as well. This is a must see. Schedule a time for a showing.

430 NY 43
Start Your Search

©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated