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8 Leonard Place, Albany
$298,000
6 Beds ⋅ 2 Baths ⋅ 202628931 MLS
Great opportunity for both investors and owner-occupants! Located on a quiet street in Albany, this two-unit property offers a convenient location directly across from a school and is just down the road from a park and minutes from local amenities. One unit is vacant and updated, making it ready for its next owner or tenant, while the oversized second unit is occupied and features a finished attic for additional living space. The occupied unit currently rents for $1,600 per month, providing immediate rental income. Whether you're looking to live in one unit while generating income from the other or add another property to your investment portfolio, this two-family offers plenty of potential in a convenient Albany location.

8 Leonard Place, Albany
831 Washington Avenue, Albany
$350,000
6 Beds ⋅ 2 Baths ⋅ 202628916 MLS
Welcome to this stunning, structurally solid Albany two-family home, offering a perfect blend of historic charm and modern updates. Perfect for an investor or an owner-occupant, this property features two beautiful layouts boasting solid wood trim, custom woodwork around the doorways, and timeless hardwood floors throughout. The spacious second-floor unit is intentionally vacant, making it an ideal opportunity for an owner-occupant. This larger unit offers an exceptional living experience, featuring a front balcony and a large private rear balcony perfect for outdoor relaxation. Cooking enthusiasts will love the kitchens gas stove, and the bathroom has been newly renovated. The first-floor unit is occupied by great tenants, providing immediate stability. Both units enjoy access to a spacious yard ideal for outdoor activities, a large basement, and a massive walk-up attic offering endless possibilities for storage or future customization. Conveniently located close to local shops, restaurants, and public transportation, this home features amazing architecture, solid bones, and an unbeatable location. Schedule your tour today to see all the potential this incredible property has to offer.

831 Washington Avenue, Albany
530 Hudson Avenue, Albany
$329,000
8 Beds ⋅ 2 Baths ⋅ 202628894 MLS
Looking for your next real estate investment? This spacious 8-bedroom duplex offers excellent rental income potential and an opportunity to build long-term value. Upgrades and improvements already completed. Located in the heart of Pine Hills. This duplex is a great opportunity for investors looking to expand their portfolio and maximize future potential.

530 Hudson Avenue, Albany
478 1st Street, Albany
$245,000
6 Beds ⋅ 2 Baths ⋅ 202628883 MLS
This move in ready home is good cash flow as an investment property or owner occupancy. Home is well maintained and is ready to turn a profit or pay the mortgage for its new owner. Both units have been renovated in the last two years. Long term tenants are in both units.

478 1st Street, Albany
474 Madison Avenue, Albany
$565,000
8 Beds ⋅ 4 Baths ⋅ 202628845 MLS
Investors, take notice! Welcome to 474 Madison Avenue, a turnkey 4-unit apartment building located in the heart of Albany! Offering approximately 4,680 sq. ft. of building space on a 0.06-acre lot, this property presents a great opportunity to add to your investment portfolio. As an added benefit, the seller will provide a brand-new natural gas boiler serving the entire building, professionally installed and warrantied by Crisafulli Bros. prior to closing. Conveniently located near Washington Park, local restaurants, shopping, and public transportation. Don't miss your chance to explore all this Albany investment property has to offer!

474 Madison Avenue, Albany
638 Providence Street, Albany
$430,000
6 Beds ⋅ 3 Baths ⋅ 202628815 MLS
Take advantage of this versatile, well-maintained two-family property offering excellent income potential and flexible living arrangements! Whether you're looking to generate rental income or offset your mortgage by living in one unit and renting the other, this property offers plenty of possibilities. The first-floor unit features 3 bedrooms, 2 full bathrooms, a living room, dining room, and an additional rear area for living space, and it leads to a lovely deck—perfect for enjoying outdoor space. . The second-floor unit offers 3 bedrooms, 1 full bathroom, a living room, dining room, and an enclosed front porch that provides additional versatile space. The property also features a clean, dry basement with ample storage potential, off-street parking, coin-operated laundry, and separate utilities—all valuable amenities for both residents and property owners. Conveniently located near hospitals and the SUNY campus, this property offers an appealing location for homeowners and potential tenants alike. Live in one unit and rent the other, or add this promising property to your investment portfolio! Don't miss this opportunity to own a well-maintained two-family home with plenty of potential.

638 Providence Street, Albany
32 Colby Street, Albany
$220,000
6 Beds ⋅ 2 Baths ⋅ 202628775 MLS
Prime Albany investment location offering unbeatable convenience and vibrant neighborhood living! Located directly across the street from the green open spaces and playground of Colby Park—and just steps from historic Swinburne Park—this home puts recreation right at your doorstep. Everyday errands are effortless with CDTA bus routes around the corner and premier shopping/dining at Westgate Plaza and Central Ave under 3 minutes away. Enjoy quick, easy access to all of Albany's best cultural hubs: just ~5-7 minutes (~2 miles) to historic Washington Park and the boutique dining, arts, and coffee shops of vibrant Lark Street, and under 10 minutes (approx. 3.5 miles) to Downtown Albany, the State Capitol complex, and major highways. A rare find combining quiet parkside views with rapid access to everything the Capital District has to offer! Roof Is only 5 years old & newer hot water tanks. Street Parking. 1st Floor unit is vacant 2nd Floor unit will be Vacant on 11/30/2026 at the latest

32 Colby Street, Albany
54 Alexander Street, Albany
$299,900
6 Beds ⋅ 3 Baths ⋅ 202628760 MLS
Solid 3 unit brick building left vacant for the new owner to choose their own tenant and pull in the 2026 projected rents for Albany. For a 2 bedroom is $1,702 per flat. Fresh ROP's will be handed over for the new landlord. $5,106 per month. Loads of updates in 2021 + silicone coated roof in 2021. THREE apartments left vacant on purpose for the new owner to choose their own tenant. 2 BRAND NEW BOILERS FOR 2 APARTMENTS & ONE BRAND NEW SPACE HEATER FOR THE 3RD UNIT - $17-18K Value. The 1st floor unit has washer & dryer hookups. Features include hardwood flooring, ceramic tile, some newer windows and a back deck.

54 Alexander Street, Albany
101 Philip Street, Albany
$324,000
6 Beds ⋅ 3 Baths ⋅ 202628676 MLS
Located in Albany's historic Mansion District, 101 Philip Street is a three-unit property offering an excellent opportunity for investors and owner-occupants alike. The building features three two-bedroom apartments and was extensively renovated in 2015 with all new building systems, including plumbing and heating, as well as updated kitchens and bathrooms. Each apartment features wood flooring and in-unit laundry. Utilities are separately metered, with tenants responsible for their own heat. Additional amenities include a shared backyard and convenient access to Empire State Plaza, the State Capitol, and downtown Albany. One apartment is currently leased at $1,450 per month, with the remaining two units vacant, offering immediate leasing flexibility or an opportunity for owner-occupancy. Projected gross rental income is $49,680 annually ($4,140/month) based on estimated market rents.

101 Philip Street, Albany
364-366 Madison Avenue, Albany
$1,150,000
12 Beds ⋅ 6 Baths ⋅ 202628618 MLS
Excellent opportunity to acquire a 6-unit multifamily portfolio with an adjoining vacant lot in the heart of downtown Albany! Featuring two three-family buildings at 341 and 364 Madison Avenue, this investment offers a desirable mix of newer construction and updated apartments. 364 Madison, built in 2020, features spacious modern layouts, open-concept living, contemporary kitchens, central air, and in-unit laundry. Both properties offer strong rental income and attractive layouts in a highly desirable downtown location. The adjoining vacant lot at 366 Madison provides additional flexibility and potential. Conveniently located near the NYS Capitol, Empire State Plaza, restaurants, and downtown amenities. Portfolio sale only!

364-366 Madison Avenue, Albany
238 Morris Street, Albany
$309,900
6 Beds ⋅ 2 Baths ⋅ 202628552 MLS
Welcome to 238 Morris St, a versatile 2,616 sq ft. two-family offering six bedrooms and two full baths in Albany's convenient Park South neighborhood. Built in 1920 and thoughtfully updated, this property includes a newer roof, new heating system, new water line, updated kitchens, and in-unit laundry for both units. The property is completely vacant and easy to show. When rented, it generated $3,250 in monthly income, with room to grow. At a roughly 7% cap rate in a desirable area close to Washington Park, Albany Medical Center, Russell Sage and Albany Law on a quiet street, this is an attractive investment for investors and house-hackers alike. Schedule your showing today!

238 Morris Street, Albany
85 S Lake Avenue, Albany
$449,000
6 Beds ⋅ 4 Baths ⋅ 202628433 MLS
85 South Lake Ave is a unique two-family duplex rowhouse located in one of Albany's best rental corridors - directly on Washington Park. Each apartment has two floors of living space, three bedrooms and two full bathrooms each. The total living space is 2,639 sq. ft. Both units have been renovated and updated. Major improvements include; new water and sewer lines, plumbing, kitchens, updated electrical, new windows, added insulation, newly painted, new exterior stairs, washer and dryer hook-ups, motion senser lighting, new and updated bathrooms. The main roof and furnace are approximately 10 years old. Front porch and kitchen roof are less than two years old. Each unit includes large rooms and closets, comfortable living spaces, ample natural light and functional layouts. The utilities are not split and have never been a cost or convenience issue. The building is incredibly efficient, being a row house with new insulation and windows. This building is a great turn-key investment opportunity - ready to rent or for owner occupied. Gross annual rental revenue is over $51,000. Both units are currently vacant due to renovation, creating the rare opportunity for the owner to place their own tenants at current market rates to maximize cash flow. The prime location makes renting easy - 98% occupancy rate over the last 30 years. On-street parking is readily available at all hours - most of the row houses have off-street parking. Off-street parking is possible with City of Albany approval.

85 S Lake Avenue, Albany
528 1st Street, Albany
$139,000
6 Beds ⋅ 2 Baths ⋅ 202628385 MLS
Opportunity awaits at 528 1st Street in Albany! This two-family property offers 2,640 square feet of living space, featuring a total of 6 bedrooms and 2 full bathrooms. Both units generate $750 per month, providing a combined rental income of $1,500 monthly or $18,000 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1890, this property presents an excellent opportunity for investors looking to expand their portfolio or add value through improvements. The property could benefit from cosmetic updates, giving the next owner the opportunity to make improvements and potentially increase rental income over time. Whether you're an experienced investor or looking to purchase your first multifamily property, 528 1st Street offers existing rental income and room for future growth. Schedule your showing today!

528 1st Street, Albany
921 Park Avenue, Albany
$1,100,000
14 Beds ⋅ 7 Baths ⋅ 202628215 MLS
Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *921 Park Ave is being sold as a package deal with 917 Park Ave. Please refer to MLS #202628213 for the related listing.

921 Park Avenue, Albany
917 Park Avenue, Albany
$1,100,000
14 Beds ⋅ 7 Baths ⋅ 202628213 MLS
Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *917 Park Ave is being sold as a package deal with 921 Park Ave. Please refer to MLS #202628215 for the related listing.

917 Park Avenue, Albany
52-54 Southern Boulevard 2, Albany
$358,550
6 Beds ⋅ 2 Baths ⋅ 202628166 MLS
1927 Charm meets modern-day convenience! This beautifully renovated two-family home offers 3 bedrooms and 1 full bath per unit, with brand-new kitchen and bathrooms, fresh interior and exterior paint, and an updated basement. Turn-key and ready to go- perfect for an investor or owner-occupant Looking for a property with character and modern updates. Don't miss this opportunity--schedule your showing today!

52-54 Southern Boulevard 2, Albany
695 State Street, Albany
$397,000
6 Beds ⋅ 3 Baths ⋅ 202628110 MLS
Excellent Albany 3-unit investment opportunity at 695 State Street! This well-maintained property offers three separate apartments with approximately 1,976 square feet of living space plus a full basement. The first-floor 3-bedroom apartment features hardwood floors and a front porch and is currently leased at $1,450/month. The second-floor studio with enclosed porch is leased at $850/month. The second-floor 2-bedroom apartment is currently vacant, offering an immediate opportunity for an owner-occupant or new rental income. Major updates include a 2014 renovation with approximately 90% of the structure gutted and updated, including new electrical wiring, insulation, sheetrock, kitchens, bathrooms, windows, exterior doors, and three heating systems. New siding was installed in 2012 and a new roof in 2023. The property consists of two tax parcels conveyed together under one deed and includes a detached 2-stall garage located at 172 Spring Street. A strong opportunity for an investor looking for income, or an owner-occupant seeking additional rental income. Garage sold As Is. Potential gross rental income when fully occupied: approximately $42,000 annually.

695 State Street, Albany
20-22 McCrossin Avenue, Albany
$350,000
6 Beds ⋅ 2 Baths ⋅ 202628102 MLS
Large 2 family home. A must see duplex. 3 bedrooms in both units. Hardwood floors throughout both units. Front and back porches for both units. Wonderful front, back and side yard. Basement divided for both units. Washer and dryer hook ups available. Conveniently located near the bus line and both 787 and I90. Schools and hospital within 2 minutes drive and 7 minute walk. Current annual rental income approximately $38,000 with room to increase.

20-22 McCrossin Avenue, Albany
171 N Allen Street, Albany
$320,000
6 Beds ⋅ 2 Baths ⋅ 202627995 MLS
Beautiful, well-maintained Albany two-family with established rental income! Welcome to 171 N Allen St, a standout property that has been lovingly maintained both inside and out. Offering approximately 2,500 square feet of living space across two units, this property is an excellent opportunity for both first-time buyers and seasoned investors. Pride of ownership is evident throughout, from the well-kept exterior to the thoughtfully maintained interior. Each unit offers three spacious bedrooms, a generously sized living room, and a large, inviting kitchen with ample counter space, plenty of cabinetry, gas stoves, and dishwashers. Both units also feature enclosed rear porches, offering flexible space for additional storage or a cozy sitting area to relax and unwind. The upstairs unit also enjoys a front porch overlooking North Allen Street. Outside, the fenced-in backyard provides a great space for hosting gatherings, entertaining guests, or simply enjoying some fresh air. Additional features include a spacious basement with plenty of room for storage, an existing washer and dryer, and a separate area with potential for a second laundry setup. Both units are currently occupied by great tenants, with leases running through May 2027, providing an established rental schedule from day one. Conveniently located near public transportation, with dining, entertainment, and local amenities all within walking distance. The property is also just a short distance from Albany's colleges and universities, adding to its appeal as a rental property. Whether you're looking to expand your investment portfolio or eventually make one unit your own while generating income from the other, 171 N Allen offers plenty of possibilities. Inquire today!

171 N Allen Street, Albany
864 Madison Avenue, Albany
$599,000
10 Beds ⋅ 202627945 MLS
In the PIne Hills section of Albany, a modernized, clean 4 unit with bright and useful commercial space on ground floor. Each unit is spacious and updated. Great investment opportunity with close proximity to Albany Medical Center, colleges and universities and the music and night life of Albany. Off-street parking.

864 Madison Avenue, Albany
23 Morris Street, Albany
$275,000
6 Beds ⋅ 2 Baths ⋅ 202627775 MLS
Location, Location, Location! Ideally situated within walking distance of Albany Medical Center, Albany Medical College, Albany College of Pharmacy, Albany Law School, and Downtown Albany's vibrant entertainment district. This prime location offers exceptional convenience for residents and strong appeal for tenants, making it an outstanding opportunity for both owner-occupants and investors. With its proximity to major medical, educational, and employment centers, this property offers excellent rental potential and long-term investment appeal.

23 Morris Street, Albany
25 Morris Street, Albany
$310,000
6 Beds ⋅ 2 Baths ⋅ 202627774 MLS
Location, Location, Location! Ideally situated within walking distance of Albany Medical Center, Albany Medical College, Albany College of Pharmacy, Albany Law School, and Downtown Albany's vibrant entertainment district. This prime location offers exceptional convenience for residents and strong appeal for tenants, making it an outstanding opportunity for both owner-occupants and investors. With its proximity to major medical, educational, and employment centers, this property offers excellent rental potential and long-term investment appeal.

25 Morris Street, Albany
282 Second Avenue, Albany
$249,900
6 Beds ⋅ 2 Baths ⋅ 202627259 MLS
Cash Flowing 2 Family with great rental history bringing in just under 3k a month. A great addition to the existing portfolio or the owner occupant starting out. Located close to 787 and I87 corridor.

282 Second Avenue, Albany
1114 Broadway, Albany
$269,900
6 Beds ⋅ 2 Baths ⋅ 202627252 MLS
Fully rented with excellent Tenants generating 3400 per month This fully remodeled 2 family will cash flow immediately. 2nd Floor unit consists of a 4 bedroom duplex with 2 bedrooms on the 2nd floor and 2 bedrooms on the 3rd floor. 2nd Floor features open floor plan with master bedroom two closets and an office off the bedroom. Unit 1 fully updated with large great room and open floor plan. All new kitchens and baths.

1114 Broadway, Albany
95 Lexington Avenue, Albany
$299,999
6 Beds ⋅ 3 Baths ⋅ 202627121 MLS
Attention Investors !! Looking to start or add to your business portfolio this could be a long term money maker 3 Family units rent could be higher. All showing are 48 hrs notice, Prequalified letter or proof of funding before any appointments are confirmed. ,Sold as is.

95 Lexington Avenue, Albany
65 Watervliet Avenue, Albany
$1,250,000
10 Beds ⋅ 9 Baths ⋅ 202627002 MLS
Mixed-use investment opportunity at the tri-corner of Watervliet Ave, Livingston Ave and 3rd St, just off the Everett Rd exit of I-90. This 3- story building offers 9 apartments (four studios, one 1BR, three 2BR, one 3BR) plus two street-level storefronts of ±1,500 SF and ±1,000 SF with large glass windows and direct street access. Apartments currently generate $8,325/mo; both storefronts are vacant and being marketed at $1,500/mo and $1,300/mo, offering immediate upside. Select units have seen recent updates including new windows, flooring and appliances. Across the street from Honest Weight Food Co-op and a block from the CDTA Training and Call Center. Pro forma NOI of $85,815 (6.9% cap rate) with retail leased. Offered at $1,250,000.

65 Watervliet Avenue, Albany
249 Manning Boulevard, Albany
$395,000
6 Beds ⋅ 3 Baths ⋅ 202626984 MLS
Excellent multifamily investment opportunity in the desirable Manning Boulevard area. This three-family property offers a versatile unit mix with a spacious first-floor 4 to 5 bedroom apartment and two second-floor one-bedroom apartments. The first-floor layout offers potential for student housing, while the two upper units each feature a private porch. Conveniently located near colleges, hospitals, shopping, restaurants, and major amenities, making this an attractive location for tenants. Large fenced yard provides additional outdoor space for recreation, entertaining, or pets. A great opportunity for investors seeking an income-producing multifamily property with multiple rental units and strong location appeal.

249 Manning Boulevard, Albany
402 Clinton Avenue, Albany
$540,000
11 Beds ⋅ 5 Baths ⋅ 202626964 MLS
Beautiful brick 4-unit building that has been updated throughout while maintaining original characteristics. Large apartments with generous layouts for each. 2-car garage with gate to backyard space. Fully rented but third floor can be delivered vacant. Currently a 4-unit with possibility of converting to 6 units.

402 Clinton Avenue, Albany
108 Southern Boulevard, Albany
$599,000
12 Beds ⋅ 4 Baths ⋅ 202626942 MLS
Great investment opportunity in a prime Albany location. This large 4-unit property features spacious 3-bedroom, 1-bath units with in-unit laundry and modern finishes. Potential gross income of approximately $6,000/month. Two units are currently occupied at $1,500/month each (MTM leases), one unit is being delivered vacant, and the fourth tenant is expected to vacate by the end of October.

108 Southern Boulevard, Albany
531 Western Avenue, Albany
$599,900
10 Beds ⋅ 10 Baths ⋅ 202626752 MLS
This investment opportunity in a prime location has so many possibilities! Featuring 10 Bedrooms and 10 full bathrooms located across from the Madison corridor, 531 western ave is perfect for student housing, group housing, or a bed and breakfast for tourists and visiting state workers! This property offers an updated eat in kitchen, a living room, 2 bedrooms with en-suites and a common bathroom with laundry on the first floor. On the second floor, you'll find five bedrooms with en-suites and on the third floor, three additional bedrooms with a common bathroom. Additional features include gas fireplaces in all bedrooms and the living room, a nine-year-old boiler, a newer roof and interconnected fire system a covered front porch and side porch, off-street parking, the potential for additional income in the basement and a rooftop deck! All this and its walkable to Café Madison, Juniors, the Madison Pourhouse, Curry House, grocery shopping, it is situated between the uptown and downtown SUNY campuses and is just minutes to everything downtown Albany has the offer. Don't miss out on this incredible investment opportunity!

531 Western Avenue, Albany

©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

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