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$1,499,900
10 Beds 10 Baths 202624326 MLS
RARE 10-UNIT INVESTMENT OPPORTUNITY IN PINE HILLS! Rarely available this brick multifamily property in Albany's desirable Pine Hills neighborhood. Opportunities of this size and location do not come along often. This income-producing asset offers investors the chance to own a substantial multifamily property in an established rental market with convenient access to colleges, hospitals, restaurants, shopping, public transportation, and downtown Albany. A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location. Potential yearly $168,900.00. Full expense sheet is available under docs. It can be sold as a package with 77 S. Allen (3 units) Street and 299 Quail Street (6 units)

328 Western Avenue

$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

$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

$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

$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

$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

$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

$115,000
6 Beds 1 Baths 202622296 MLS
Unlock the potential at 54 Van Buren Avenue in Ravena! This value-add opportunity is ideal for investors, contractors, or buyers looking to renovate and build equity. The property will require repairs and updates, making cash offers preferred. Based on market conditions and comparable renovated properties, buyers may find the potential for a strong after-repair value (ARV) in the range of approximately $270,000-$275,000, subject to their own due diligence and market analysis. Conveniently located just minutes from shopping, restaurants, parks, and the Hudson River waterfront, this property also offers easy access to major transportation routes, including nearby Interstate 87, making commuting throughout the Capital Region simple. Enjoy being approximately 20 minutes from Downtown Albany, 25 minutes from East Greenbush, and a short drive to the scenic Catskill Mountains for year-round outdoor recreation. Whether you're looking for your next renovation project, a long-term investment, or a property to customize to your own vision, this home presents an exciting opportunity in a convenient location. Bring your ideas and transform this property into something special. With its accessible location, renovation potential, and attractive upside, 54 Van Buren Avenue is ready for its next chapter. Property is being sold as-is. Cash offers are preferred due to the condition of the home.

54 Van Buren Avenue

$999,777
8 Beds 3 Baths 202622251 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

$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

$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

$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

$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

$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

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