Albany Homes under $400,000

Welcome to Albany, New York—an enchanting blend of history, culture, and modern living. As the capital of New York State and nestled in Albany County, this vibrant city is known for its rich heritage, diverse communities, and beautiful architecture. With a plethora of parks, museums, and cultural institutions, Albany offers residents a unique lifestyle that balances urban convenience with suburban charm.

One of the most appealing aspects of Albany is the accessibility of homes under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Albany's real estate market provides a variety of options that fit your budget without compromising on quality. From charming historic homes with character to modern townhouses and cozy condos, there’s something for everyone in this thriving market.

Imagine living just minutes away from the bustling downtown area, where you can enjoy trendy restaurants, local shops, and vibrant nightlife. Or perhaps you prefer the tranquility of the suburbs, where tree-lined streets and friendly neighbors create a welcoming atmosphere. With excellent schools, recreational activities, and a strong sense of community, Albany is not just a place to live—it's a place to thrive.

Explore the possibilities of homeownership in Albany, where affordability meets opportunity. With homes available under $400,000, you can invest in your future while enjoying all the benefits this remarkable city has to offer. Come discover why Albany is the perfect place to call home!

Newest Albany Homes under $400,000

$329,900

4 Beds ⋅ 2 Baths ⋅ 202627426 MLS

Nothing to do here but move in! This beautifully renovated 4-bedroom, 2-bath home offers 1,634 square feet of stylish, open and comfortable living space in the heart of Albany. The thoughtfully renovated kitchen is sure to impress, featuring new cabinetry, solid-surface countertops, stainless steel appliances, and modern hardware. Both bathrooms have been beautifully updated with contemporary finishes, including anti-fog mirrors and other stylish touches. The updates continue throughout the home with all-new flooring, new sheetrock, fresh paint, and new lighting, creating a clean, modern feel from room to room. A convenient laundry nook includes a washer and dryer, making everyday living that much easier. With four bedrooms, there is plenty of flexibility for family, guests, a home office, or whatever suits your lifestyle. Step outside to the fenced backyard, complete with a privacy screen and platform deck, an ideal space for relaxing, entertaining, or enjoying your morning coffee. Renovated, refreshed, and ready for you! Come see everything this home has to offer and make it yours. Schedule your showing today!

705 State Street, Albany

$300,000

3 Beds ⋅ 1 Baths ⋅ 202627396 MLS

Move-in-ready home conveniently located near Albany Medical Center, St. Peter's Hospital, and Albany Law School. Property features an updated kitchen, renovated bathroom with contemporary fixtures and finishes, hardwood floors, numerous interior updates, and dedicated off-street parking.

71 Hollywood Avenue, Albany

$319,900

4 Beds ⋅ 3 Baths ⋅ 202627390 MLS

Great opportunity to own a versatile multi-unit property in the heart of Albany! 50 Park Ave features two currently occupied units plus a basement unit to be vacant at time of closing, offering flexibility for an owner-occupant or the opportunity to place a new tenant and maximize rental income. The property also includes a detached garage with two garage spaces. Conveniently located near Lincoln Park, the Empire State Plaza, downtown Albany, restaurants, shopping, and major commuter routes. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income while occupying the available unit, this property offers plenty of possibilities.

50 Park Avenue, Albany

$329,900

3 Beds ⋅ 1 Baths ⋅ 202627364 MLS

Open House Sunday October 3rd from 1:00 - 2:30 This newly renovated Colonial style home boasts three-bedroom, one-bath and offers 1,239 square feet across two floors, pairing a practical layout with custom decor and inviting details. Wood floors bring warmth to the interior, while the gas fireplace gives the living area a natural gathering point on chilly Albany evenings. Three large bedrooms provide comfortable retreats and welcome flexibility for guests, hobbies, or a home office. Downstairs, the full basement expands storage and project space, helping everyday life stay organized. Important improvements add confidence beyond the visible finishes. Updated mechanicals, a newer roof, and newer windows support efficient, lower-fuss ownership, while aluminum and brick shape the home's classic Colonial exterior. A garage keeps parking protected and offers extra room for bicycles, tools, and the seasonal gear that somehow multiplies overnight. The fenced yard creates a welcoming outdoor setting for gardening, play, pets, or relaxed weekend cookouts. Set in a quiet residential neighborhood near St. Peter's Hospital, the home also places Albany Academy, Ridgefield Park, and Market 32 within convenient reach. Nearby bus service and broader rail connections help connect workdays and wider Capital Region plans. With renovations already completed, useful basement space, dedicated parking, and an appealing price point, this home delivers meaningful value without asking you to sacrifice character or convenience.

347 S Main Avenue, Albany

$399,900

4 Beds ⋅ 2 Baths ⋅ 202627350 MLS

OPEN HOUSE SUNDAY 10/4 11-1 Welcome to this immaculate 4-bedroom, 1.5-bath Colonial in Albany's Buckingham Pond area. Offering classic charm, spacious rooms, and thoughtful updates! The NEW kitchen features quartz countertops, tile flooring, stainless steel appliances, a garbage disposal, and plenty of workspace. Hardwood floors throughout the home add warmth and timeless character. The living room showcases built-in shelving and a wood-burning fireplace, creating a welcoming space to relax and gather. The three-season room offers additional living space and features a Norwegian gas stove, making it a cozy spot! Other updates include: New Driveway, Window world Vynil Windows, vynil siding, freshly painted throughout, New Hot water heater, and entire air duct system has been cleaned. The 4 bedrooms upstairs are surprisingly spacious and allow a lot of sunlight with beautiful hardwood floors. With its Buckingham Pond location, classic Colonial character, generous living spaces, and convenient access to Albany amenities, this is a home that offers both comfort and location in one wonderful package! Property is an estate and sold as-is

340 S Manning Boulevard, Albany

$359,900

4 Beds ⋅ 2 Baths ⋅ 202627328 MLS

*Open House Sat 10/3 11a-1p* Fall for the charm of an Albany classic--with the light, space and outdoor living you've been hoping to find! This 4 bed,1.5 bath 1920's Colonial home has curb appeal galore and is set on an elevated corner lot along a beautiful tree-lined Melrose street for a little more breathing room from the neighbors. Step inside the gracious entrance foyer to warm hardwood floors that flow from room to room, beautiful original woodwork, decorative radiator covers and lofty ceilings. Oversized windows fill the home with natural light, creating bright, inviting spaces for relaxing, entertaining or working from home. Whip up dinner in the updated eat-in kitchen with newer stainless steel appliances. Host gatherings in the formal dining room. Relax in the spacious living room or curl up with a good book surrounded by sun loving house plants in the tucked away sunroom. At day's end retreat to your ample bedroom upstairs, and in the morning get fresh in the retro minty green tiled bathroom. Sip your morning coffee on the back porch watching the outdoor play in the fully fenced backyard framed by lush, easy-care plantings that offer a private green escape without spending every weekend on yardwork. Fire up the grill for friends gathered on the huge elevated deck. There is room to store it all in the massive walk-up attic. A rare 2 car garage with openers means no scraping snow off the car on frosty mornings. The roof is just 16 years old, so you can have the peace of mind that there is lots of life left. The woodburning fireplace has not been used and is sold as-is. Just a short commute to Albany's hospitals, colleges, NYS Campus and Nanotech complex, with plenty of shopping, dining and parks nearby.

55 Terrace Avenue, Albany

$319,000

3 Beds ⋅ 2 Baths ⋅ 202627314 MLS

***OPEN HOUSE ***SUNDAY, October 4, 2026 ***12PM to 2 PM *** Modern 3-Bedroom Haven Backing Up to Forever Wild Nature! Welcome to a rare find in Albany! Built in 2023, this contemporary 3-bedroom, 2.5-bathroom home offers modern construction and peace of mind, perfectly positioned against a serene backdrop of protected ''forever wild'' land. Enjoy the ultimate privacy, lush natural views, and no rear neighbors, all while remaining close to the capital city's conveniences. Your TLC is needed! House is AS IS. Unmatched Flexibility & Potential: This property is packed with bonus value and possibilities. The main house features a bright, open layout that can easily be adapted into a comfortable in-law suite arrangement. Additionally, the property boasts a spacious two-story detached garage, offering incredible potential to be converted into a separate rental unit, studio, or workshop space. Experience the perfect blend of contemporary building standards, tranquil wilderness, and future upside. Schedule your private tour of 120 Krumkill Road today!

120 Krumkill Road, Albany

$250,000

3 Beds ⋅ 2 Baths ⋅ 202627278 MLS

Great Location! This beautiful Colonial has been lovingly cared for with classic charm. The inviting 1st floor features a living room, formal dining room, family room with a cozy gas fireplace and a sweet functional kitchen with a convenient pantry just off the back of the home. Hardwoods are tucked beneath the carpeting on the 1st floor. Outside, you'll love the wonderful garage/workshop separate wood shed, and refurbished driveway completed in 2020. The main roof was replaced in 2019, with flat roof updated in 2024. A well maintained home is great location with plenty of character and practical amenities, this colonial is ready for its next chapter. Some pictures have been virtually enhanced.

6 Victor Street, Albany

$89,000

3 Beds ⋅ 1 Baths ⋅ 202627270 MLS

Opportunity in Albany! Corner Property with Value-Add Potential. Bring your vision to this 3-bedroom, 1-bath single-family home situated on a corner lot. The property offers an opportunity for renovation and customization, whether for owner occupancy, rental use, or resale, subject to applicable requirements. Features include a full basement, fenced backyard, and newly constructed sidewalk. The property requires cleaning and renovation and is being sold strictly AS IS. Seller has never occupied the property and makes no representations regarding its condition. Cash offers preferred. Proof of funds required prior to scheduling an interior showing. All showings are by appointment only.

63 Judson Street, Albany

$259,900

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

$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

$335,000

3 Beds ⋅ 3 Baths ⋅ 202627237 MLS

Modern Two Family in Center Square Albany. Two Level Townhome with Garden Income Apartment. Townhouse has open floor plan first floor with modern kitchen and half bath. Kitchen opens to a large deck and low maintenance garden. Gas fireplace. Second floor has two bedrooms, a small office and full bath with jetted tub. Central Air and Hot Water Heat. Garden Level is a Cozy one bedroom with garden access. 2005 Historic Albany Preservation Award.

176 Jay Street, Albany

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