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$379,900
5 Beds 4 Baths 202626161 MLS
LOCATION LOCATION LOCATION! An exceptional opportunity to own a fully rented four-unit property in one of Albany's most convenient and desirable locations! Ideally situated on New Scotland Av, this property places tenants just moments from St. Peter's Hospital and within easy reach of some of Albany's best locally owned restaurants, shops, services, parks, and everyday amenities. With so much nearby, the location offers the accessibility and neighborhood appeal that continues to make this area highly sought after. The property offers a total of five bedrooms plus a den across four units, providing a versatile mix of living spaces and a strong established rental opportunity. Additional highlights include a two-car garage, coin-operated laundry for tenant convenience, and a newer boiler installed in 2021. Separate electric panels and gas meters for cooking gas add to the property's functional setup, while the seller provides heat and hot water. Fully occupied and positioned in a location where four-unit properties rarely become available, this is an exceptional opportunity to add a well-established Albany multifamily property to your portfolio. Whether you're looking to expand an existing investment portfolio or secure a property in a highly convenient New Scotland location, this one stands out for its combination of location, income potential, and long-term appeal.

341 New Scotland Avenue, Albany

$479,000
3 Beds 4 Baths 202625832 MLS
A Rare Opportunity in Bishops Gate! Beautifully situated in this highly desirable, well-kept community, this Center Hall Colonial offers the perfect blend of traditional charm, flexible living space, and an incredibly convenient location. Centrally located between Colonie and Latham, with easy access to downtown Albany, major highways, shopping, dining, and everyday amenities. Offering nearly 2,400 square feet of above-grade finished space plus approximately 600 square feet of finished lower-level space, this home provides room to live, work, entertain, and grow. The main level features formal living and dining rooms with hardwood floors and detailed moldings, while the heart of the home opens to a spacious kitchen and family room overlooking the private backyard. Custom carpentry, coffered ceilings, hardwood floors, and a gas fireplace create a warm and inviting gathering space. The kitchen is nicely appointed with stainless steel appliances, gas cook top, generous cabinetry, and abundant storage. Upstairs, the over-sized primary suite offers a private retreat with an en suite bath and spacious sitting/dressing room accessed through pocket doors. With minimal investment, this flexible space could potentially become a fourth bedroom. Two additional bedrooms and an updated full bath complete the second floor. The finished lower level adds approximately 600 square feet of versatile space, including a large family/entertainment area, full bath, and two additional rooms perfect for a home office, gym, hobby room, studio, playroom, or storage. With a few personal touches, this well-designed home offers an exceptional opportunity for those seeking space, flexibility, and a convenient location within a welcoming neighborhood. Bishops Gate combines the best of suburban living with easy access to everything the Capital Region has to offer!

32 Greyledge Drive, Albany

$1,199,900
16 Beds 8 Baths 202625727 MLS
Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!

97-99 Homestead, Albany

$550,000
9 Beds 5 Baths 202625663 MLS
A rare opportunity to own an exceptional five-unit Victorian property in Albany's highly desirable Pine Hills neighborhood, offered for the first time in more than half a century of family ownership. Spanning over 6,377 square feet and situated on an impressive .66-acre lot, this remarkable property offers a rare combination of historic character, substantial living space, and exceptional investment potential. The property features four 2-bedroom, 1-bath units and one 1-bedroom plus den, 1-bath unit, with four of the five units currently rented. Beautiful hardwood floors throughout much of the building complement the property's timeless architectural character, while valuable updates and amenities include separate electric and gas meters, coin-operated laundry, and a brand-new boiler and hot water heater installed as part of the 2025 heating system upgrade. The generous .66-acre lot is a rare offering for this location, providing a private backyard and an exceptional outdoor amenity for a multifamily property. Ideally situated in the heart of Pine Hills, the property offers convenient access to area colleges and universities, hospitals, restaurants, shopping, public transportation, and downtown Albany- making it an attractive opportunity for both investors and tenants alike. All Rental Occupancy Permits (ROPs) are current. A truly rare opportunity to acquire a distinguished Victorian five-unit property of this scale, character, and setting in one of Albany's most sought-after neighborhoods. Whether you're looking to add a income-producing property to your portfolio or capitalize on the potential of the vacant unit, 141 S Allen Street presents a truly unique opportunity in one of Albany's most convenient and sought-after locations.

141 S Allen Street, Albany

$499,000
4 Beds 3 Baths 202624856 MLS
Unique & charming opportunity awaits to own this two-story duplex four-bay-wide 1850's brick row house with double porches of wooden lattice work. Walkable to the Lark St corridor, Washington Park, Albany Medical Center, downtown state & legislative buildings, Albany Law, SUNY, coffee shops, brewery's, galleries, boutiques, shopping, nightlife, restaurants & so much more. Rare very spacious 1,300 + SQFT units which have been recently remodeled. All plumbing & electrical replaced in 2009. On-site laundry room and fenced in yard. Currently a strong producing income property with the potential for more along with separate utilities make for an attractive investment in the heart of the Center Square/Hudson Park neighborhood. Some photos contain virtual staging

347 Hudson Avenue, Albany

$589,000
5 Beds 4 Baths 202622175 MLS
Beautifully curated three-story townhome situated along one of downtown Albany's most coveted city blocks includes completely separate garden unit that's currently being used on a short term basis, legal 2-family. Spanning over 3,200 SQFT across four aesthetically pleasing levels, this residence features 5 bedrooms, 4 full baths, modern amenties throughout, privates oasis-like backyard with trex decking, roof access & more. Easily accessible to Washington Park, Albany Medical Center/St. Peter's Hospital, SUNY Albany, Lark St, downtown state & legislative entities, coffee shops, galleries, nightlife & so many more desirable downtown attractions. Original details still adorned throughout such as high ceilings, oversized windows, tile, fireplaces, stained glass, built ins, woodwork, etc. A rare trophy residence--where gilded architecture meets flawless modern execution--offering a once-in-a-generation opportunity in the heart of Center Square.

142 Chestnut Street, Albany

$368,000
3 Beds 3 Baths 202621657 MLS
Located within Albany's historic Mansion District, just steps from the Governor's Mansion and minutes from downtown offices, this well-maintained 3 unit property offers an exceptional investment opportunity in one of the city's most recognizable neighborhoods. Building features include hardwood floors, ceramic tile, stainless steel appliances, newer boiler, new hot water tank, plus each unit has a washer/dryer and a bonus room (office/storage/etc) - amenities tenants appreciate! Just minutes from downtown Albany and close to a neighborhood park, this location adds to the property's strong investment appeal. Well-maintained, well-located, and well-equipped, this is an excellent addition to any investment portfolio! *Pictures show vacant units but all apartments are rented.

175 Eagle Street, Albany

$460,000
3 Beds 3 Baths 202618492 MLS
Experience maintenance free living at this beautifully appointed Bryn Mawr residence. Designed with an open floor plan, the home features soaring ceilings and expansive windows that fill the space with natural light. The eat in kitchen offers granite countertops, a large center island and stainless steel appliances, seamlessly opening to the family room with a gas fireplace. Plus, there is a first floor laundry room. The primary suite provides a comfortable retreat with a private bath featuring a double granite vanity, tiled shower and large walk in closet with built ins. The lower level adds additional storage space, while the back deck and 2 car attached garage enhance everyday convenience. Recent updates include dishwasher and microwave (2026), washer and dryer (2025). Ideally located just minutes to area hospitals, restaurants and shops.

4 Bryn Mawr Court, Albany

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