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Albany Real Estate Market Overview

Albany offers a wide range of home styles and price points that appeal to first-time buyers, move-up buyers, downsizers, and investors. Homes in the area include historic row homes and brownstones, classic colonials, capes, ranch-style homes, multi-family properties, and select newer construction. As the capital of New York State, Albany benefits from stable demand driven by state government employment, colleges, hospitals, and major employers. This combination supports consistent housing activity and makes Albany a dynamic and resilient real estate market.

Neighborhoods of Albany

Albany is made up of diverse neighborhoods, each offering its own character and lifestyle. Center Square and Washington Park are known for historic architecture, walkability, and proximity to downtown amenities. Pine Hills and New Scotland offer tree-lined streets and a mix of single-family and multi-family homes popular with homeowners and investors. Buckingham Lake, Melrose, and Whitehall feature quieter residential settings with strong neighborhood appeal. Arbor Hill, West Hill, and South End provide more affordable options and opportunities for redevelopment and investment. This variety allows buyers to find a neighborhood that fits their lifestyle while staying within the city.

Schools and Education in Albany

Albany is served by the Albany City School District, which offers a range of academic programs, magnet schools, and specialized learning opportunities. Families value access to alternative programs, charter schools, and private school options throughout the city. Proximity to higher education institutions, including the University at Albany, SUNY Empire State College, and Albany College of Pharmacy and Health Sciences, adds to the city’s educational resources and long-term housing appeal.

Commuting and Convenience

Albany offers convenient access to major roadways, including I-87, I-90, Route 787, and Route 20. Residents can easily commute to surrounding cities such as Colonie, Guilderland, Delmar, Troy, and Schenectady. State office buildings, hospitals, colleges, and Albany International Airport are all within a short drive. This makes Albany a practical choice for homeowners, state employees, and investors looking for a central location in the Capital Region.

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Browse All Albany NY Properties for Sale

17 Cross Street, Albany
$389,900
3 Beds ⋅ 3 Baths ⋅ 202629026 MLS
BRICK BEAUTY WITH ROOM TO SPREAD OUT! Enjoy easy first-floor living in this custom-built, all-brick ranch, proudly offered by its original owner. Set on an exceptional half-acre lot—a rare find in Albany—this 3-bedroom, 3-full-bath home offers, generous room sizes, and a versatile layout. The open floor plan features a newer kitchen with gorgeous cabinetry, center island, stone countertops, ceramic tile backsplash, and easy-care ceramic flooring. A beautiful arched architectural detail adds character, while the kitchen opens to the spacious living room with a custom stone mantel and gas-insert fireplace. Two impressive five-panel bow windows, one in the living room and another in the dining room, fill the home with natural light. Oak hardwood floors add warmth throughout. The primary bedroom features an ensuite bath with walk-in shower and generous closet space. Two additional oversized bedrooms offer ample closets. Convenient first-floor laundry is tucked into a separate closet with a stackable washer and dryer. French doors lead to a wood deck overlooking the beautiful backyard, perfect for relaxing or entertaining. Major mechanical updates include a newer boiler system and central air conditioning, both approximately one year old, plus a tankless hot water system. The full basement offers finished storage space, a summer kitchen, and a separate walk-out entrance to the rear driveway and backyard. Imagine summer gardening on this huge parcel or just enjoying the private space . Solid brick construction, abundant natural light, and an exceptional half-acre setting—all with the convenience of one-floor living! Solar panels are leased--comes with transfer warranty. A MUST SEE!

17 Cross Street, Albany

39 Irving Street, Albany
$360,000
2 Beds ⋅ 2 Baths ⋅ 202628887 MLS
Updated 2-family nestled in Albany's tree-lined vibrant neighborhood known for it's strong sense of community. This prime Center Square & Hudson Park Historic District is walking distance to restaurants, galleries, boutiques, farmers market, Washington Park, MVP Arena, Empire State Plaza & downtown employment, Albany Med in 4 blocks. Enjoy easy living walking to unique coffee shops (Station 6, Daily Grind), local bars, outdoor concerts & festivals in this tight knit community. Retreat to your sweet pad as each unit offers modern comfort w/ a new kitchen, bath, vinyl floors, fresh paint, new appliances. Rent both units OR occupy a unit while your tenant pays your mortgage. This property is a win-win return-on-investment! Enjoy the fenced in backyard & gardens under the stars. Lower unit features 1 bedroom, 1 bath, gorgeous kitchen with breakfast bar, solid surface counter tops, open living room, washer/dryer & new dishwasher. Upper unit has a brand new updated bathroom, 1 bedroom, vaulted ceiling, lots of natural light, a spacious living room, cozy reading nook or home office space, big kitchen w/ all new appliances and breakfast nook, plus a back porch balcony for relaxing. Both units have ample storage, closet space. Current rent is $1350 for each unit, however, market rent is $1500 for 1 bedroom. On street parking w/ residential permit. Most recent updates: new exterior paint, new front stairs, new basement window, new roof.

39 Irving Street, Albany

28 Homestead Avenue, Albany
$374,500
5 Beds ⋅ 3 Baths ⋅ 202628813 MLS
Timeless Elegance Meets Modern Sophistication | Rare Dutch Colonial on an Oversized Corner Lot with Three-Car Garage. A Rare & Exceptional Opportunity in Albany's Coveted Melrose/Pine Hills Neighborhood. Discover the timeless elegance of this quintessential Dutch-style Center Hall Colonial, gracefully situated on an expansive, oversized corner lot along one of the neighborhood's most desirable blocks. Complete with a rare three-car detached garage, this distinctive residence offers an exceptional blend of historic charm, architectural character, and modern-day sophistication. Spanning over 2,300 square feet across three beautifully appointed levels, this impressive single-family residence boasts five spacious bedrooms, two-and-a-half baths, an inviting front porch, a private rear deck, and an abundance of thoughtfully preserved original details. Rich architectural elements include soaring ceilings, oversized windows, gleaming hardwood floors, a fireplace, custom built-ins, elegant crown molding, classic wainscoting, intricate woodwork, and gracious double formal living rooms—each reflecting the craftsmanship and character of a bygone era. Thoughtful recent improvements complement the home's historic integrity, including a beautifully remodeled kitchen, updated baths, refinished hardwood floors, fresh interior paint, modern lighting, refreshed landscaping, and much more. Location is everything! Enjoy convenient access to Buckingham Pond, Albany Medical Center, St. Peter's Hospital, SUNY Albany, Albany Law School, Albany College of Pharmacy, state and legislative offices, Stuyvesant Plaza, charming coffee shops, acclaimed eateries, and countless other Capital Region destinations. An extraordinary opportunity to own a timeless Albany classic, where historic elegance meets contemporary comfort.

28 Homestead Avenue, Albany

347 S Main Avenue, Albany
$305,000
3 Beds ⋅ 1 Baths ⋅ 202628725 MLS
Open House on Sunday, 11/1 from 12-2 pm! Welcome to this charming, classic Colonial on a quiet residential street in Albany! Bright and inviting, this home features hardwood floors, a flexible floor plan, and a cozy gas fireplace that serves as the focal point of the living room, creating a warm and welcoming place to relax. The kitchen offers updated granite counters, flooring, and backsplash, flowing into the adjoining dining area and living room for an airy feel ideal for everyday living and entertaining. Upstairs, three spacious bedrooms provide comfortable retreats, with the flexibility to accommodate a home office, guest room, or hobby space. The possibilities continue in the full basement, offering additional storage and the opportunity to create more finished living space to suit your needs, with a basement waterproofing system already in place for added peace of mind. Outside, enjoy the privacy of the fenced backyard, surrounded by mature landscaping. The recently stained deck provides a wonderful setting for outdoor dining and entertaining with family and friends. Additional features include newer central air, front door, and a one-car garage offering convenient parking and extra storage. Enjoy a desirable location with walkability to restaurants, along with nearby bus service and easy access to parks, shopping and everyday amenities. Blending timeless Colonial charm, inviting living spaces, and a private outdoor retreat, this delightful home offers comfort, character, and room to make it your own!

347 S Main Avenue, 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

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