Fantastic opportunity in Albany's historic Pine Hills neighborhood. This well-maintained two-family sits on a quiet, tree-lined street close to shopping, colleges, and hospitals—ideal for owner-occupants or investors alike. The first-floor unit features hardwood and ceramic tile floors, three bedrooms, a full bath, kitchen, and rear den. The current tenant has renewed through April 2027, providing secure long-term income. The second-floor unit offers a similar layout with two bedrooms, generous living and dining space, and a bright, open feel. The current lease runs through January 2026. Both units enjoy separate utilities, washer/dryer combos in the basement, and natural gas heat. Additional highlights include a newer boiler, structurally sound porches, and public water and sewer. Strong rental history, well cared for by long-term owners. Prior-day notice required for all showings.
Rare opportunity to own a 5-unit property in the heart of Pine Hills! Each unit is a 1-bedroom/1-bath efficiency with all utilities included, making it highly attractive to tenants. Just 1 mile from Albany Med and 1 mile from Washington Park, the location offers consistent rental demand and walkability to key amenities. This property delivers a rare 9% cap rate with upside potential to 10%, making it an excellent choice for investors seeking both cash flow and growth.
Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.
Dual property portfolio (34-36 Sparkill Ave MLS #202523736) that consists of 10 residential units w/off-street parking & garages located just steps from every major thoroughfare/bus line, Albany Medical Center, local colleges, downtown State & legislative buildings, Washington Park, popular shopping, notable eateries & so more MORE. Nicely maintained addresses with strong rental income. Updated/remodeled units & minimal expenses make for attractive assets to any beginner and/or seasoned investor. Coin-operated laundry in basement. Nice quiet streets with sidewalks. Excellent Long-term tenants. Turn-key.
Great Investment opportunity! Updated Vinyl Plank Flooring, Hardwood Flooring, Vinyl Windows, Updated Electric Panels, Separate Utilities, Close to Albany Med/St Peters Hospitals. Cash Flow and Spacious Units! Off Street Parking and 2 Car Garage.
Presenting a rare chance to acquire two interconnected single-family homes, both under the same ownership and sold exclusively as a pair. Both units are 4 bedroom, 1.5 baths. Perfect for investors or those in need of extra living space. This property provides the advantages of rental income along with the option for personal use. Seize this exceptional opportunity today! Sold as is. 17 Lawnridge: Currently leased at $2,000/month,
NET OPERATING INCOME OF $78,978 at a 8.54% CAP RATE. Exceptional investment opportunity: 8-unit multi-family property in Albany's sought-after Pine Hills neighborhood. Strong rental history with updated, well-maintained apartments. On-site laundry increases tenant appeal. Prime location—minutes from downtown, Albany Med, Lark Street, universities, and major employers. High-demand area with solid rental income potential and low vacancy rates. Recent updates include new gutters (2025), a brand-new garage roof (2025), and a restored main roof (2024). Apartment 8—was renovated added bedroom and features its own private exterior entrance, three windows, a closet, and an exterior door. Fully occupied.
Rare multifamily opportunity in Albany. 800 Madison and 441 Yates Street, two parcels located back to back and offers off street parking. Combined 13 apartments. 800 Madison was renovated in 2017. With new kitchens and refreshed bathrooms. This building the landlord pays for heat/hot water and tenants pay a premium for such. 441 Yates street was gut rehabbed in 2020. Offering all new mechanicals, kitchens, baths, etc. Always rented and close to main attractions/employment in Albany. Both Buildings equipped with fob entry systems and intercoms. Both Buildings camera'ed. Great rental history here.
93 unit multifamily portfolio in A+ Locations. 11 Buildings and 1 vacant lot. Priced to Sell! With tons of potential to increase rents and value. Several properties offer have off street parking and some garages, owner pays heat/hot water in several buildings. Portfolio can not be split up. Must be sold as a package.
Three family and Two lots available on New Scotland Ave near Albany Medical Center and Washington Park. Next to the hospital's billion dollar expansion, the new YMCA, CVS, Baldini's, Chipotle, Starbuck's and Panera. Residential or commercial opportunity or both. 365 new apartment across the street at premium rents. Off street parking. Unique opportunity.
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Albany is located in New York. Albany, New York 12208has a population of 99,402. Albany 12208 is less family-centric than the surrounding county with 21.64% 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 12208 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 12208 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.
