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$399,000
3 Beds 3 Baths 202618021 MLS
Recently renovated triplex near Albany Medical Center featuring updated interiors and convenient access to hospitals, major highways, downtown Albany, shopping, dining and public transportation. This well-maintained three-family property offers strong rental appeal for both tenants and investors alike. Each unit features a living room, kitchen, dining room, additional flex space ideal for a family room or den, one bedroom and one full bathroom. Two of the three units are currently occupied on month-to-month leases, while the second-floor unit is vacant and ready for an owner-occupant or new tenant. The property offers modern updates throughout, excellent income potential, and low-maintenance appeal. Whether you are looking to expand your investment portfolio or occupy one unit while generating additional rental income, this versatile multi-family property presents a fantastic opportunity in a highly convenient location.

208 Myrtle Avenue

$399,999
5 Beds 2 Baths 202617603 MLS
This is the one you've been waiting for. A stunning 5-bedroom, 1.5-bathroom center hall colonial that has been completely updated from top to bottom -- all the charm of a 1930s classic with every modern upgrade already done for you. From the moment you walk through the door, the character of this home shines. The grand foyer greets you with beautiful marble steps, setting the tone for the quality and craftsmanship found throughout. Gleaming hardwood floors flow through the living room, dining room, and two additional den spaces -- giving you all the room and flexibility you need. The electric fireplace adds warmth and ambiance, while the updated kitchen and baths bring everything you'd expect from a brand new home. Upstairs, five generously sized bedrooms offer plenty of space for the whole family. Outside, you'll find a spacious backyard and a 2-car garage -- a rare find in the city. The full basement adds even more storage and potential. All of this in an unbeatable Albany location -- minutes from I-90, hospitals, schools, and everything the city has to offer.

979 Washington Avenue

$259,000
6 Beds 2 Baths 202617519 MLS
Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.

10 Hurlbut Street

$99,000
1 Beds 1 Baths 202617076 MLS
Positioned within a stately circa-1866 brick townhouse in Albany's Historic Pastures neighborhood, this first-floor condominium offers a rare blend of historic character, convenience, and low-maintenance living less than one mile from the New York State Capitol and Empire State Plaza. Recently refreshed, the interior features new paint in a neutral color palette, brand-new carpeting, and a newly installed dishwasher. The spacious floorplan includes an oversized primary bedroom and an expansive combined living and dining area ideal for both everyday living and entertaining. The kitchen offers ample cabinet space and features a pass-through opening overlooking the living and dining area, creating a more open and connected feel throughout the main living spaces. The property also includes two dedicated off-street parking spaces. Surrounded by classic architecture and moments from downtown Albany employers, restaurants, waterfront attractions, and major conveniences, this residence presents an exceptional opportunity to own within one of Albany's most distinctive historic neighborhoods.

38 Westerlo Street # 1

$175,000
4 Beds 2 Baths 202616029 MLS
Timeless Charm meets modern potential in this south end home. This is an opportunity to restore a grand 4 bedroom historic home to its former glory blending 19th century design with the investment potential of a rapidly growing neighborhood. Home features interior canvases of the past, is generously proportionate, has high ceilings, original moldings and hidden gems sold as-is.Located on a community focused block in an are that is seeing significant community investment and new developments. Just minutes away from public transit, local parks, schools and vibrant new neighborhood amenities. This property is eligible for historic preservation grants and NYS Tax credits. Historical footprints at this price point are becoming a rarity in Downtown Albany don't let this chance to build equity in a piece of local history pass you by.

3 Osborne Street

$399,900
4 Beds 2 Baths 202615537 MLS
Welcome to Tudor Rd! This charming Cape Cod is perfectly situated on a quiet cul-de-sac while being just steps from everything Albany has to offer. Enjoy a highly walkable location with easy access to restaurants, shopping, and public transportation -- the best of city convenience in a peaceful neighborhood setting. Outside, a beautifully landscaped yard creates a warm and inviting first impression and offers a private space to relax or entertain. A standout feature of this home is the amazing front screened porch -- the perfect spot to enjoy your morning coffee, unwind in the evening, or take in the beautifully landscaped surroundings. Inside, you'll find timeless architectural details that add character and charm throughout the home, blending classic style with everyday comfort. A rare opportunity to own a home that offers both tranquility and unbeatable access to all the amenities of Albany.

7 Tudor Road

$365,000
6 Beds 2 Baths 202615320 MLS
A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr

683 State Street

$435,000
5 Beds 4 Baths 202614240 MLS
Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.

138 Lancaster Street

$269,900
3 Beds 3 Baths 202613903 MLS
Looking for your next project? Look no further! Investor special with strong upside potential! This spacious brick triplex offers a fantastic opportunity for renovation and value creation. Featuring high ceilings, original architectural details, and multiple fireplaces, the home has solid bones and plenty of character ready to be brought back to life. Natural light flows throughout, and the property includes classic elements such as original trim work and exposed brick, offering the perfect canvas for a modern restoration. The property is in need of some renovation and is being sold as-is making it ideal for investors, contractors, or buyers looking to customize a property to their vision. Conveniently located near local amenities, transportation, and neighborhood conveniences. Bring your ideas and unlock this property's full potential! Seller is open to subject to or seller financing. Ask listing agent for details.

247 Quail Street

$575,000
3 Baths 202613128 MLS
Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors. Fully renovated in 2022 with high-end finishes, this two-story mixed-use property features a turn-key restaurant space on the first floor with approximately 2,022 sq ft of retail/dining area, complete with a full commercial kitchen, 6-burner stove, commercial exhaust hood, dedicated employee and customer restrooms, dining area with entertainment stage, and both front and rear entrances. Ideal for owner-operators or investors seeking a ready-to-run restaurant, tavern, café, or retail concept. The second floor includes a turn-key 2-bedroom apartment with strong rental potential, estimated at $2,000/month, providing additional income and flexibility for owner occupancy or leasing.Situated in a high-demand downtown corridor near the Capitol district, with major revitalization projects underway in surrounding buildings, this property offers both immediate usability and strong future appreciation potential. Perfect for owner-users, restaurateurs, or mixed-use investors seeking a strategic Albany location with built-in income and strong growth prospects. Financials available with signed NDA. Showings by appointment only with 24-hour notice. Qualified buyers and proof of funds required.

165 Madison Avenue

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