Great Investment Opportunity! This 4 bedroom, 2 bath is centric and perfectly located in a quiet street near to malls, stores and more. This well maintained, already rented and producing income property is a ideal investment to add to your portfolio, or to occupy one unit while living in another. Schedule a showing now!
Great Opportunity to convert this mixed-use building into a side-by-side 2 family located on the prime corner of New Scotland and S. Main. Currently set up with offices on the left side and a 2 bedroom/1 bath apartment on the right. With a full basement and separate utilities, it would be an easy conversion making this into cash cow. Walking distance to hospitals, schools, restaurants, and shopping. Take advantage of this hard-to-find great deal!
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.
**Rare Opportunity: Award-Winning 4-Unit in Historic Ten Broeck Triangle** Experience a blend of 19th-century elegance and modern peace of mind at 79 Ten Broeck Street. Originally built in 1872 for James Martin, this stately brick brownstone stands as a testament to Albany's rich architectural history and has been meticulously maintained to the highest standards. **Property Highlights** Proven Quality: Recipient of the *2019 Historic Albany Foundation Preservation Initiative Award* for its comprehensive and thoughtful rehabilitation. Safety & Infrastructure: Fully updated with a complete sprinkler system throughout the building--a rare and valuable safety feature for historic multi-families. Meticulous Interiors: The building is in excellent shape, featuring soaring ceilings, exposed brick walls, and beautifully refinished original wide-plank wood floors that radiate character. Turn-Key Operation: Home to great, reliable tenants who care for their spaces. The property is truly ''plug and play'' for a savvy investor or an owner-occupant looking for a sophisticated urban lifestyle. Investment Potential While the property is currently fully leased and generating steady income, the rents are currently below market value. This provides a clear path for immediate equity growth and increased cash flow through strategic adjustments. Location: The Historic Ten Broeck Triangle Nestled in one of Albany's most charming and historic districts, 79 Ten Broeck is just steps away from: * The vibrant dining and entertainment of Downtown Albany and the Palace Theatre. * Easy commutes to the Capitol, SUNY Albany, and major hospital hubs. Whether you are looking to expand your portfolio with a trophy asset or start your investment journey, this building offers the perfect marriage of historic soul and modern mechanical reliability. Don't miss the chance to own a piece of Albany's history. Contact Craig Cioffi today.
39-year owner with long term tenants makes for a great investment as projected rents could approach $5,500/month with garage rented separately. Priced well below other 4-unit properties and those with similar rent potential, especially with an oversized 2-car garage accessible from the yard or Van Zandt Street. Although some apartments are listed as 1 bedroom, the tenants have elected to use them as 2 bedrooms. Seller pays approximately $3,947.16 for utilities annually (2025). Close to MVP Arena, Empire State Plaza, Albany Capital Center, Cafe Capriccio and I-87. Property was under contract for a long period of time only to have the buyers financing fail at last minute.
This house is being sold AS-IS. All cash offers welcome! Add this investment to your portfolio. 1st floor is already gutted. 2nd floor needs paint & a kitchen.
Duplex being sold, ''AS-IS Where Is''. Cash or Hard Money only, 30 day or less closing. Purchaser must use sellers title company.
This amazing 2 Family is located in the heart of Pine Hills. Currently rented as a student rental but could also be used as an owner occupied investment property. Each students lease is up on 5/19/26. This property features 4 Bedrooms in each unit. Each unit is modernized and ready to be rented at market rents. This property is within walking distance to the Downtown UAlbany Campus and all that the city has to offer.
Looking for your next investment? This duplex will be a great addition. This 2 family house is right near the bus line and 5-10 minutes away from Colonie center with the college nearby. You could not ask for a better location. Currently both units are rented and the tenants pay their own utilities.
Well maintained income producing brick 8-unit apartment building located in the Albany's Ten Broeck Triangle with all separate utilities! Building consists of 7 1 bedroom/ 1 bath and 1 studio apartments. Solid surface countertops, wood cabinets, marble fireplaces & hardwood floors throughout. Don't miss out on this incredible opportunity to add this fully occupied, turnkey, low maintenance asset to your portfolio!
Located near the former College of Saint Rose campus, this Albany multi-family property presents a solid opportunity with strong rental potential. The building includes 5 one-bedroom apartments and 2 two-bedroom apartments, offering a desirable apartment mix for steady income. While the property could benefit from some light updates, it provides excellent upside for investors. Features include hardwood floors throughout the first and second levels, a rear garage, and 4 off-street parking spaces. The property is in good overall condition--an excellent value-add opportunity with long-term potential.
Two-family home in Albany! Great investment potential! This property needs some work, but with the right vision, it can be transformed into a strong income-producing asset. Conveniently located near major highways and bus lines, making commuting easy for future tenants. Fix it up, rent it out, and start generating steady cash flow. Don't miss this opportunity to collect rental income from this promising property! Market rents could be 1702.00 each apartment so 3404 per month...40,848 rental income per year.
Don't miss out on this beautifully renovated four-unit investment property located in downtown Albany's Capitol District. 3/4 units left vacant so new owner can place tenants and/ or occupy. Ideal for investors or owner-occupants seeking strong upside the property features classic architectural character including high ceilings, original details, and abundant natural light throughout. The buildings four units are comprised of 1 2 bedroom/ 1 bathroom & 3 1 bedroom/ 1 bathroom full floor flats providing a solid foundation for long-term rental strategy. Situated in a convenient downtown location, the property is within close proximity to N. Pearl Street's restaurants, shops & cafes, transportation, and neighborhood amenities, making it attractive for tenants and future appreciation/ resale value. Strong income-producing potential with the ability to increase rents and value through renovations and improved management. Seller is also open to subject to/ seller financing. Please, call listing agent for details.
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.
High-performing duplex in Albany, New York with strong in-place rents + extra income from coin-op laundry. A clean, easy-to-underwrite pro forma that works for both investors and owner-occupants (house hack).Both units are currently rented at $1,900/month unit 2 and $1800/Month unit 1 each for total rent of $3,700/month ($44,400/year), plus approximately $1,292/year in laundry income. Total gross income is ~$45.692/year. Operating expenses are straightforward: city + school taxes ($8,181/yr), and owner-paid water/sewer ($1,200/yr) Estimated 10% Cap Rate utilities are tenant-paid (gas/electric); owner pays water/sewer only. Top floor available for showing as per Showing Time instructions. First floor can be shown if further interest.
Opportunity awaits for this two family home. Property offers a fantastic investment opportunity. Property is being sold as is. Home requires repairs and updates, but is priced accordingly for the condition and location.
Hard to find Three Family Building. Very convenient location off of I-687 and Madison Ave. Literally a few seconds walk to MVP arena. Minuities away from the Empire State Plaza. Each apartment has its own newly installed hi-efficiency Heating/Hot water combination wall mounted units. Solid Rental History. 1st and 3rd FL rented. 2nd FL vacant. Under rented, and total rental income possible $4000/month. Additionally, with proper variance and renovation, The Garden unit could bring additional income. Great for Investors or first time buyers. Next to Albany's Famous Cafe Capriccio.
Value-add multifamily opportunity in a neighborhood undergoing active revitalization. This two-unit property features (2) large 3-bedroom, 1-bath units with strong rental demand and income potential. Ideal for investors seeking both immediate cash flow and long-term appreciation. The partially finished basement offers a compelling upside play, with the potential to be converted into a third unit (subject to city approval). Existing front and rear egress access may help streamline the path to additional income generation. Strategically located near public transit lines and with immediate access to I-787, the property offers excellent connectivity to employment centers and downtown, supporting tenant retention and rental stability. CASH BUYERS ONLY, ASSIGNMENT OF CONTRACT.
Two unit property offering a great investment or owner-occupant opportunity. Conveniently located near bus lines, restaurants, grocery stores, and everyday amenities. The first-floor unit features 1 bedroom and 1 bathroom, while the second-floor unit offers 2 bedrooms and 1 bathroom. A solid rental property in a centralized location with strong income potential.
Investor Opportunity or owner-occupant Dream! Don't miss this income-generating duplex on Elk Street in one of Albany's most convenient locations. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income, this property offers flexibility and strong potential. Key Highlights: 2nd Unit- Updated bathrooms, kitchen, flooring and new painting last year. Basement- new floor tiles and new paint. High rental demand area. Located just minutes from University at Albany, SUNY, Albany Medical Center, shopping and restaurants.
Outstanding opportunity to own this two (2) family income $ property in a great Albany location right off Central Avenue / RT 5. Very close to the bus line and just a short walk to shopping. Each unit has three (3) bedrooms with combined living and dinning rooms, plus an eat in kitchens and one (1) full bath. Front porches, full basement, ''separated utilities''! Don't miss this one! All reasonable offers considered $.
Outstanding opportunity to own this two (2) family income $ property in a great Albany location right off of Central Avenue / RT 5. Very close to the bus line and just a short walk to shopping. 1sst floor has four (4) bedrooms, 2nd floor has (3) bedrooms with a combined living and dining rooms, plus eat in kitchens and one (1) full bath. Front porches, full basement, ''separated utilities'' ! Don't miss this one! All reasonable offers considered $.
Outstanding opportunity to own this two (2) family income $ property in a great Albany location just a block off of Central Avenue / RT 5. Very close to the bus line and just a short walk to shopping. Each unit has three (3) bedrooms with a combined living and dinning room, plus an eat i kitchens and one (1) full bath. Front porches, full basement, ''separated utilities'' ! Don't miss this one! All reasonable offers considered $.
Well-maintained two-family investment property in Albany's desirable Pine Hills neighborhood. Both units currently have long-term tenants who would like to renew their leases. Property features separate utilities, a large driveway with ample off-street parking, and a small backyard area. Coin-operated washer and dryer located in the basement. The second unit has been recently fully renovated, while the first unit has been freshly painted with refinished floors. Convenient Albany location close to colleges, hospitals, shopping, and restaurants.
Excellent investment or owner-occupied opportunity in Albany! This well-maintained duplex features numerous updates, including newer windows, flooring, appliances, hot water heater and a rubber roof. Both units also offer a dedicated laundry room & a deck providing comfortable outdoor space. Each unit has separate utilities, making management simple and efficient. The large fenced-in backyard offers plenty of room for outdoor enjoyment, pets, or gardening. Conveniently located near local amenities, shopping, dining, and major routes. A great opportunity to add a solid property to your portfolio or live in one unit while renting the other!
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Albany is located in New York. Albany, New York has a population of 99,402. Albany is less family-centric than the surrounding county with 19.68% of the households containing married families with children. The county average for households married with children is 27.09%.
The median household income in Albany, New York is $52,583. The median household income for the surrounding county is $73,810 compared to the national median of $69,021. The median age of people living in Albany is 31.6 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.5 degrees. The average rainfall is approximately 39.5 inches per year, with 51.6 inches of snow per year.
