Fantastic investment opportunity in the heart of Albany! This vacant triplex offers three spacious 3-bedroom units — one with 2 full baths and two with 1 full bath each. The property has seen valuable updates including a roof less than 10 years old, newer flooring, and some newer windows. Each unit is bright, well-maintained, and ready for immediate occupancy — perfect for investors or owner-occupants alike. The massive parking lot accommodates up to 16 vehicles, a rare find in the city! Excellent cap rate potential and conveniently located near Albany Medical Center, St. Peter's Hospital, bus lines, schools, and quick access to I-787, I-90, and major highways. Close to shopping, dining, and downtown Albany. Move-in ready and cash-flow capable — this property is ready to go! Sale of 292 Catherine St includes vacant lot at 4 Avondale (76.54-3-36). PORTFOLIO DEAL AVAILABLE! Property can be sold with the massive duplex available next door at 178A Delaware.
Renovated two-family residence situated just steps to Washington Park, downtown State & Legislative buildings, University of Albany downtown campus, Albany Medical Center & St.Peter's Hospital, galleries, libraries, museums, notable eateries, shops & an array of nightlife. Classic features adorned throughout such as high ceilings, original built-ins & over-sized windows. One of the bedrooms in each unit can be converted to a formal dining room, home office & MORE. Recent renovations include newer kitchen/baths, refinished hardwood/vinyl flooring & freshly painted throughout. Original decorative fireplace. On site laundry & extra storage in basement. Separate utilities. Money-maker and an attractive investment.
Calling all investors or owner-occupants! This rare brick ranch-style, side-by-side DUPLEX in Colonie has been completely updated and is truly turn-key. Whether you're looking to expand your portfolio or live in one unit, this property checks all the boxes. MAJOR TICKET ITEMS ARE BRAND NEW--furnaces, central air systems, replacement windows, shingle roof (flat rubber roof, 7yr old). Each unit with a new modern kitchen and bath-- 2 Bdrm, 1 Full bath. Convenient interior basement access with laundry hook-ups and storage. Separate utilities. Strong rental potential in this desired area. A MUST SEE.
2 family -a perfect opportunity to owner occupy or invest!. Home features NEW laminate floors, New Roof, NEW paint with NEW stainless steel appliances. Add this investment property to your portfolio before its too late!
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.
Sellers are motivated- come take a look- make an offer! Well-maintained two-family home located directly across from the University at Albany's Downtown Campus, with easy access to public transportation right on the bus line. Each floor features a spacious 2-bedroom, 1-bath layout with separate utilities and month-to-month leases in place. The upstairs unit currently rents for $1,296 per month (see agent remarks), while the downstairs unit rents for $1,000 per month and includes responsibilities for garbage, lawn care, and snow removal. The upstairs apartment is heated by electric baseboards and features a brand-new oven installed in 2025. The downstairs unit has a brand-new gas forced hot air furnace installed in 2025, along with existing electric baseboard heat. The kitchen in the lower unit has also been updated with a new hood and refrigerator in 2024. Both units have access to a stackable washer and dryer located in the foyer; the washer is not currently functional due to a faulty motherboard, but the dryer is working. Additional updates include new windows in the downstairs apartment (2023) and the roof was resealed in August 2024. All new OC permits have just been issued, making this property move-in ready and compliant. Whether you're an investor or looking to live in one unit and rent the other, this property offers strong rental potential in a high-demand area.
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.
What an opportunity to own a rare, Recently remodeled, 3 Family house, in the heart of the student area, Pine Hills neighborhood of Albany. Fair Market rents via HUD for 12203 are $2,280.00. Close to everything Pine Hills Neighborhood has to offer. Right on bus line. Coin Operated washer and dryers included in sale. **New Roof**
8.62% CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are $1,300, $1,200, $1,050, $1,050, $1,127, $1,017 & basement is $900. Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. Great tenants, enjoy the ease of collecting rent. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low). Owner may offer some owner financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.
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.
Dual property portfolio (287 Myrtle Ave MLS # 202523744) 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.
Prime mixed-use building in Albany's vibrant Center Square neighborhood. Over 3,100 sq ft with a street-level commercial space (rented at $2,200/mo) approved for a variety of uses. Existing equipment provides a great starting point for food service operation. Three well-maintained residential units above generate $3,350/mo. One unit is a 1BR facing Lark St; another offers skyline views and private rooftop access. The top-floor unit features 3 bedrooms, 2 full baths, and in-unit laundry. Rare 2-car garage off Spring St for parking or deliveries. Gross annual income of $66,600. Steps from shops, restaurants, and Washington Park. Whether you're looking to expand your investment portfolio or establish a business in a high-visibility, high-foot-traffic location, this one is worth exploring.
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.
Huge Brick 3 unit property located in Albany's Mansion Historic District. Hardwood floors throughout 2nd and 3rd floor. Spacious layouts offering a 3 bedroom unit, a 4 bedroom unit and potential to finish the garden level unit - currently framed and is ready to be completed- electrical and plumbing roughed in.Updated doors and windows. Separately metered. Large yard. Lots to offer on a quiet street.
Multi Use Building with first floor commercial space and three full floor apartments above. A Studio, a One Bedroom and a Two Bedroom apartment. The building was renovated in 2006, with modern updates, including high efficiency forced air heat and air condition in each residential unit. Rents are under market rates. The Laundry has been closed for 3+ years. Tenants pay heat, hot water, air conditioning and electric.
Investor's opportunity in Albany's West Hill neighborhood! This 5-bedroom, 2-bathroom duplex, built in 1888, offers 2,776 sq ft of living space on a 0.07-acre lot. - This property is eligible under the First Look Initiative which expires after 30 full days on market. No investor offers until first look period expires. No offers regardless of buyer type will not be negotiated within the first 7 days of listing.
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.
REDUCED PRICE! Open to offers! This is a truly one of a kind property situated in the heart of Downtown Albany! Have the chance to own this high end building outfitted with 41 luxury residential units, and 21 commercial spaces. 96 Walk Score; close to every need for prospective residents and those wanting to work directly Downtown Albany. Apartments are furnished with beautiful custom kitchens, washer/dryer, stainless appliances, dishwashers, granite countertops, and hardwood floors. State of the art VRF mini split systems and heat pumps in all residential units. Bathrooms are spa like with mahogany vanities and custom light fixtures. Rooftop patio, theatre room, and fitness center all included! Reach out today for a private showing!
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 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.
