Two family with 2 bedrooms in each flat. Updates include: bathrooms, kitchens, boiler, flooring, windows, laundry, electrical, plumbing, roof and more! All done in last 6 years. 1st floor recently vacant and 2nd floor pays $1,313. ROPs just refreshed for 2 years. US HUD Fair market rental price for zip code 12210 for 2026 on a 2 bedroom flat is $1,580 per month.
Solid 3 unit building currently being vacated for the new owner to pull in the 2026 projected rents for zip code 12202 for a 2 bedroom is $1,420 per flat. $4,260 a month.
Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 7% + cap rate, making it an excellent opportunity for investors seeking reliable income. The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market.
Fantastic 1800's brick 3 unit located in the heart of Albany/ Center Square. Features include hardwood floors, exposed brick, updated bathrooms & kitchens. 2nd floor has a wood burning stove. 2026 Fair Market HUD rents for a 2 bedroom is $1,580 but that is the average. These units are unique with exposed brick walls, original mantles, updated baths, vaulted ceiling, decks, laundry in unit, walk-in closets and so much beautiful original character. Tranquil back yard garden area. Fully rented with stable tenants.
Two family with 3 bedrooms in each flat. Updates include: bathrooms, kitchens, boiler, flooring, windows, laundry, electrical, plumbing, roof and more! All done in last 6 years. Rents are $1,391and 1,250. ROPs just refreshed for 2 years. US HUD Fair market rental price for zip code 12210 for 2026 on a 3 bedroom flat is $1,890 per month.
Fantastic 2 family with 2,772 square feet of living space. Loads of updates dne in 2017 including heating, electric, roof, etc... Offering 3 bedrooms, 1 bath each flat with bonus sunrooms, hardwood floors, granite countertops, ceramic tiled bathrooms, plenty of off street parking, fenced back yard with a shed. All if this located on a dead end street. The 2nd floor vacant apartment could bring $1,850+ rent or perfect for an owner-occupied situation (leaving vacant for new owner on purpose). First floor rents for $1,790 with a current tenant. Separate utilities. Let the rent pay most of your mortgage !
Solid Brick 3 Family Investment Property. This property has a ton of potential and has separate utilities. There is some water damage and needs work. Being sold as is.
Welcome to 166 Washington Avenue, a prime Albany property offering exceptional potential for both investors and owner-occupants! This well-maintained building is ideally situated in the heart of the city—just moments from downtown, major employers, universities, and local attractions. Whether you're seeking a strong income-producing asset or a place to call home with additional rental opportunity, this property delivers flexibility, convenience, and long-term value. Enjoy the advantage of off-street parking, a rare find in this central location, providing ease for residents and guests alike. Within just one mile, you'll find a wealth of amenities—shopping centers, restaurants, coffee shops, parks, fitness facilities, grocery stores, and entertainment venues. The property's location also offers quick access to public transportation, major roadways, and popular Albany destinations such as Washington Park, the Empire State Plaza, and the vibrant Lark Street district. This property's combination of space, accessibility, and investment potential makes it a standout opportunity in today's market. Whether you're expanding your real estate portfolio or searching for a home with added income possibilities, 166 Washington Ave offers the perfect blend of comfort, convenience, and city living. Don't miss your chance to explore all that this desirable Albany property has to offer—schedule your private showing today!
A TRUE LEGACY INVESTMENT PROPERTY! SUPER RARE. This All Brick Beauty would cost multiple times the listing price to rebuild today! Own a piece of History in a very desirable area of Albany between Lark St. and Washington Park. Offers new flooring in many units, new luxury vinyl flooring in hallways and freshly painted hallways and some apartments, on street parking, large back yard, exterior maintenance person available to continue doing snow and lawn care. Walk to everything including the Capital Building, Albany Med., Lark Street Entertainment and Restaurants, Etc. Newer rubber roof, yearly maintained and inspected heating systems, heat/hot water is included in rents and affordable due to being all brick and plaster built. Value add is separate basement storage for extra income if desired. Tenants pay their electric and cooking gas. ROP is active until 4/24/2026. This property is can also be sold as a package with 2 other identical buildings (369 & 371 Hudson) for a total of 3 buildings, 18 units total. The buildings are identical and true Apartment building set up. Not chopped up buildings like most multi family properties in the city. *All units should be $1,250 est per month, Some units are furnished, furnishings can be negotiable in sale. Current tenants are great and super easy to manage. *OWNER IS A LICENSED NY STATE REAL ESTATE BROKER*
PACKAGE PURCHSE AVAIABLE. TRUE LEGACY INVESTMENT PROPERTY! SUPER RARE. This All Brick Beauty would cost multiple times the listing price to rebuild today! Own a piece of History in a very desirable area of Albany between Lark St. and Washington Park. Offers new flooring in many units, new luxury vinyl flooring in hallways and freshly painted hallways and some apartments, on street parking, large back yard, exterior maintenance person available to continue doing snow and lawn care. Walk to everything including the Capital Building, Albany Med., Lark Street Entertainment and Restaurants, Etc. Newer rubber roof, yearly maintained and inspected heating systems, heat/hot water is included in rents and affordable due to being all brick and plaster built. Value add is separate basement storage for extra income if desired. Tenants pay their electric and cooking gas. ROP is active until 4/24/2026. This property is can also be sold as a package with 2 other identical buildings (369 & 373 Hudson) for a total of 3 buildings, 18 units total. The buildings are identical and true Apartment building set up. Not chopped up buildings like most multi family properties in the city. *All units should be $1,275 est. per month, Some units are furnished, furnishings can be negotiable in sale. Current tenants are great and super easy to manage. This building is exactly what the city has been trying to have developers build for affordable housing but a quarter of what it would cost to build. SERIOUS BUYERS WITH PROOF OF FUNDS, OR PRE APPROVED BUYERS ONLY. *OWNER IS A LICENSED NY STATE REAL ESTATE BROKER*
Check out this 2-family property Great investment or owner occupied. Property offers hard wood floors, French doors, built in cabinets in kitchens. New roof, updated bathroom, new carpet. Close to shopping and the par
**Multiple offers received. Highest and best offers due by Thursday, January 15th at 6:00 pm.** Amazing opportunity to own this 3000+ square foot duplex in the heart of Albany's New Scotland neighborhood. Each unit features three bedrooms and one full bathroom. The upstairs unit is vacant and recently renovated, perfect for both owner-occupants and investors looking to achieve today's fair market rent from the get-go. The downstairs unit is occupied by a long-term tenant. Close to shopping, restaurants, universities, Albany Medical Center, and St. Peter's Hospital.
MULTIPLE OFFER DEADLINE Monday January 12th at 3:00 for this move in ready Albany two-family home that is ready for you to owner occupy or start your investment portfolio with a tenant of your choice. You will be delighted by the high ceilings, crown molding, 3 decorative fireplaces and access to the fenced backyard from all three levels! Each unit includes dishwasher, washer and dryer. Situated directly across the street from Historic Washington Park and a few blocks from Albany Medical Center this is the perfect opportunity to enjoy all that the City of Albany has to offer.
Well-maintained two-family home located at 248 Morris St, just minutes from Albany Medical Center. Each unit features 3 spacious bedrooms and 1 full bathroom, offering comfortable and functional layouts. The property also includes a finished attic with a large bonus room and a full bathroom—ideal for additional living space or flexible use. Enjoy a nice backyard perfect for relaxing or entertaining, along with a private 4-car driveway providing ample off-street parking. Whether you're looking for an owner-occupied opportunity or a strong investment property, this home offers excellent potential in a highly desirable location.
Long term popular restaurant along with two apartments upstairs on Central Ave. Commercial appliances, perfect for a small restaurant operation. All utilities separate with one car garage and multiple parking spots available. 10x10 commercial walk-in cooler, business, appliances, real estate included in sale.
Solid Money Making 2 Family, Month-to-Month long term tenants. Separate Utilities Unit One $1190/month Unit 2 $1370/Month $30,720 annual. Close to Major Highways, Parks & Hospitals. Good Condition
Excellent 2 Family Opportunity in the City of Albany! Beautifully renovated. All utilities separate. Huge Lot. 2 Car Garage. Plenty of off street parking. Upgraded hot water and heat. Utilities separated. Located close to main roads with easy access to local amenities, such as shopping, dining, banking, schools, and state government. Schedule your showing today!
Investors' money maker. Great sounds foundation works already done. New Windows and Brand new main sewerage line done. Bring your contractors and complete the rest. Great investment for rental or resale. Property sold AS-IS and CASH only.
Fully Vacant and renovated low-priced multi-family home. Quiet area near easy access to downtown and highway. Fenced backyard provides you great privacy for family entertainment or gardening. Excellent rental history. Great for new starter homeowner/investor. Live in one and rent another to pay your mortgage. Total rent could be above $2,600/month.
A TRUE LEGACY INVESTMENT PROPERTY! SUPER RARE. This All Brick Beauty would cost multiple times the listing price to rebuild today! Own a piece of History in a very desirable area of Albany between Lark St. and Washington Park. Offers new flooring in many units, new luxury vinyl flooring in hallways and freshly painted hallways and some apartments, on street parking, large back yard, exterior maintenance person available to continue doing snow and lawn care. Walk to everything including the Capital Building, Albany Med., Lark Street Entertainment and Restaurants, Etc. Newer rubber roof, yearly maintained and inspected heating systems, heat/hot water is included in rents and affordable due to being all brick and plaster built. Value add is separate basement storage for extra income if desired. Tenants pay their electric and cooking gas. ROP is active until 4/24/2026. This property is can also be sold as a package with 2 other identical buildings (371 & 373 Hudson) for a total of 3 buildings, 18 units total. The buildings are identical and true Apartment building set up. Not chopped up buildings like most multi family properties in the city. *All units should be $1,275-$1,300 per month, Some units are furnished, furnishings can be negotiable in sale. Current tenants are great and super easy to manage. This building is exactly what the city has been trying to have developers built for affordable housing but a quarter of what it would cost to build. SERIOUS BUYERS WITH PROOF OF FUNDS, OR PRE APPROVED BUYERS ONLY. *OWNER IS A LICENSED NY STATE REAL ESTATE BROKER*
Classic Albany Brownstone with Garden/basement apartment, located close to the Palace Theater and the downtown Albany entertainment district and all that it has to offer. Easy access to shopping dining and entertainment venues as well as Government Offices and major highways. Excellent opportunity for investor or owner occupant. Owners unit occupies the top three floors consisting of a sitting room, foyer, and living room, all with hardwood, on the first floor. The second floor has one one bedroom, kitchen with dining area, all with hardwood, a full tile bath with walk-in shower, laundry closet with washer and dryer ( stackable ). The third floor has two bedrooms with laminate flooring and a full bath with a clawfoot tub. The Garden apartment consists of a good size living room, a kitchen area and one bedroom and a full tile bath. There are numerous fireplaces which have not been used in many years and the seller considers them to be decorative only. Enjoy the great views of the Albany Skyline from the rear of your home.
Three-family property offering strong upside potential for investors or rehab specialists. This building is in need of a full gut renovation and is being sold as-is. No interior access will be provided—drive-by only. Ideal for experienced buyers looking to reposition or redevelop a multi-unit asset in a convenient downtown Albany location close to schools, public transportation, and major routes. Bring your vision and unlock the potential. Cash or rehab financing only. NO INTERIOR ACCESS.
Turnkey Two-Family Investment Opportunity in the Heart of Albany. Welcome to 27 N Lake Ave, a well-maintained and updated two-family property offering two spacious 3-bedroom, 1-bath units, each featuring in-unit washer and dryer, stone countertops, and modern finishes throughout. The property has a proven rental history, previously generating $3,275 per month in total rental income, with separate utilities for each unit—ideal for maximizing cash flow and minimizing owner expenses. Both units are currently vacant, providing flexibility for an owner-occupant or an investor to set market rents immediately. Additional features include an updated interior, a fully fenced backyard, and strong unit layouts that appeal to long-term renters. Located on North Lake Avenue, this property sits in a highly desirable area near major employers, hospitals, universities, public transportation, and downtown Albany. Albany continues to be a favorable rental market, driven by steady demand from students, medical professionals, state employees, and young professionals, with limited inventory of quality multifamily housing. Whether you're looking for a strong income-producing asset, a house-hack opportunity, or a long-term hold in a stable upstate New York market, 27 N Lake Ave offers immediate upside and lasting value.
Welcome to this updated 2-family home located in a highly desirable, prime location. This property has been well cared for and features major recent improvements, including a newer roof and siding, offering peace of mind and low maintenance for years to come. A shared driveway leads to a convenient 2-car garage, adding valuable off-street parking. A great opportunity for owner-occupants or investors alike, with strong income potential and excellent long-term value. Conveniently located near shopping, transportation, and local amenities. The second floor is currently rented.
Great investor or owner occupied opportunity. Hardwood floors, New Paint, Vinyl Plank Floors, cozy front porch and fenced backyard. Doors are in place to access a future deck. Convenient location, close to 787, I-90 and on the bus route. Washer and dryer hookups in basement. All separate utilities and priced to sell. Property is being sold ''As Is''
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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.
