Browse All Albany NY Between $2 Million - $3 Million Properties for Sale

5 Beds ⋅ 7 Baths ⋅ 202623436 MLS

Majestically sited at the end of a private lane on 4 beautiful acres in one of Menands' most desirable enclaves, this extraordinary custom reproduction Colonial Manor Home offers timeless architecture, exceptional craftsmanship & serene privacy. Featuring 5 spacious bedrooms, 4 full & 3 half baths, this architecturally stunning residence is designed for both grand entertaining and comfortable everyday living. Natural light pours through oversized windows, transoms & multiple French doors, illuminating exquisite finishes throughout. 3 handsome fireplaces warm the great room, gourmet kitchen & luxurious primary suite. The inviting great room showcases wide-plank flooring & a dramatic paneled fireplace wall. A gracious formal dining room with corner cabinetry is perfect for elegant gatherings. The gourmet kitchen is a chef's dream, featuring premium appliances, center island & a breakfast area opening to the back porch. A richly appointed wet bar lounge connects seamlessly to the cheerful family room & offers direct access to the screened porch. A private office & a mudroom with half bath completes the main level. The thoughtfully designed second floor provides exceptional privacy. The luxurious primary suite is a true retreat, highlighted by a vaulted ceiling, dormers, gas fireplace & a spa-inspired bath. A spacious guest suite with a sitting room & private bath. Front bedroom with ensuite bath. 2 additional bedrooms share a full bath & bonus space. The finished lower level offers a large recreation room, gym, workstation, half bath, storage & secondary staircase. Designed for effortless indoor-outdoor living, the grounds are simply breathtaking. Bluestone terraces, enchanting porches & landscaped gardens create a casual yet elegant atmosphere. The secluded heated swimming pool with attached spa and cascading water feature completes this exceptional estate--an entertainer's dream and one of the Capital Region's most remarkable private residences.

115 Woods Lane, Menands

$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, Albany

$2,300,000

11 Baths ⋅ 202622721 MLS

Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes 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. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF 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? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street, Albany

$2,149,000

202622391 MLS

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

261 Central Avenue, Albany

$2,450,000

202619191 MLS

Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details.

260 Washington Avenue, Albany

$2,150,000

202618895 MLS

1.96 Acres for development on Central Ave. next to the Colonie Fire Dept. Value is in the land for future development. Buildings have been removed. Heavy traffic. Great for medical, office, retail, or any business looking for a couple acres in the heart of Colonie.

1623-1627 Central Avenue, Colonie

$2,000,000

5 Baths ⋅ 202527844 MLS

Welcome to this stunning brick church, originally built in 1916 and thoughtfully updated for modern use. Ideally situated just off Central Avenue in Albany, this prime property offers over 20,000 square feet of beautifully finished space. Recent upgrades include a brand-new roof (2025), remodeled bathrooms, new flooring, updated carpeting, and more—making this a true turn-key opportunity. The sanctuary boasts a seating capacity of up to 400, with over 20 versatile rooms throughout the building, including offices, classrooms, and meeting spaces. The property also features a full commercial kitchen and a second, standard kitchen on the upper level, offering exceptional functionality for a variety of uses. Ample off-street parking is available for 50+ vehicles, with additional on-street parking nearby. Whether you're looking for a worship space, community center, or event venue, this historic yet updated property is the one you've been waiting for.

585 Central Avenue, Albany

$2,900,000

202527361 MLS

Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $2,900,000 ($44.40/SF).

32 N Russell Road, Albany

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

Between $2 Million - $3 Million Albany Real Estate

Our website features the best real estate search for between $2 million - $3 million properties available in Albany 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 your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!