Albany NY 3500+ Sq. Ft. Real Estate, Homes, Condos for Sale

3 Baths ⋅ 202629014 MLS

Come see this unique and interesting property! Originally constructed as a bank in 1926, this was property was purchased and converted in 2002 into one of the City of Albany's premier performing arts and events spaces. Zoning and building technical specificities indicate that use of the property as/for any civic or institutional, office or retail use are highly feasible.

339 Central Avenue, Albany

$985,000

5 Beds ⋅ 6 Baths ⋅ 202628971 MLS

46 Willett Street, located directly on Albany's Washington Park, features 6 units (5 one-bedrooms, 1 studio) generating $7,920/month in total rent or $95,040 annually. Units feature separate electric meters, with tenants responsible for electricity and electric cooking/stove usage. Landlord pays heat and hot water, which is all on one commercial unit. Excellent upside potential with room to add an additional parking spot in the rear. Tours will be Thursday the 29th from 10AM-2PM Rent Roll Garden Front One Bedroom $1,130 Garden Rear (rent includes parking spot) One Bedroom $1,235 Studio $875 1R One Bedroom $1,575 2 One Bedroom $1,735 3 One Bedroom $1,370

46 Willett Street, Albany

$565,000

8 Beds ⋅ 4 Baths ⋅ 202628845 MLS

Investors, take notice! Welcome to 474 Madison Avenue, a turnkey 4-unit apartment building located in the heart of Albany! Offering approximately 4,680 sq. ft. of building space on a 0.06-acre lot, this property presents a great opportunity to add to your investment portfolio. As an added benefit, the seller will provide a brand-new natural gas boiler serving the entire building, professionally installed and warrantied by Crisafulli Bros. prior to closing. Conveniently located near Washington Park, local restaurants, shopping, and public transportation. Don't miss your chance to explore all this Albany investment property has to offer!

474 Madison Avenue, Albany

$1,699,999

202628832 MLS

Development opportunity! Prime Albany Mixed-Use Investment Opportunity: In-Place Income + Approved 18-Unit Residential Development w/ building permit in place, ready for work to begin. Fully leased commercial space providing strong, reliable in-place income, fully approved for 18 unit residential development. Conveniently located close to bus line, close proximately to highways, downtown, hospitals, grocery stores and so much more. Call owner directly for details & showings 518-857-0678

226 N Allen Street, Albany

$1,349,900

6 Beds ⋅ 5 Baths ⋅ 202628823 MLS

Extraordinary custom ranch on a magnificently landscaped 1.3-acre Loudonville estate! Offering over 4,600 SF of luxurious main-level living, this one-of-a-kind residence showcases exceptional craftsmanship, exquisite finishes and architectural details throughout. A dramatic foyer opens to a breathtaking great room with soaring ceilings, custom moldings, striking beams, rich hardwood floors, built-ins, gas fireplace and abundant natural light. Multiple glass doors lead to a private terrace overlooking the expansive fenced backyard. The spectacular gourmet kitchen features GE Monogram appliances, marble countertops, generous prep space and a picture window framing the beautiful grounds and seasonal views. Spacious dining areas accommodate casual meals and elegant entertaining. An exceptionally versatile layout offers privacy and separation for guests or extended family. One wing features two bedrooms and a bath. The secluded primary retreat boasts vaulted ceilings, terrace access, an enormous walk-in closet and spa bath with jetted tub, multi-head shower, radiant heated floors and makeup vanity. A second owner's suite offers a private exterior entrance, walk-in closet, adjoining office and marble bath. An additional bedroom with en-suite bath and convenient first-floor laundry complete the main level. A separate entrance near the attached two-car garage leads to a hidden second-floor bonus retreat with two rooms, full bath and kitchenette—ideal for guests, office or flexible use. An unfinished basement offers further possibilities. The oversized detached one-car garage presents potential for a future pool house, subject to approvals. Gorgeous manicured grounds offer ample room to envision a pool or recreational court. A truly distinctive Loudonville offering!

284 Loudon Road, Albany

$1,150,000

12 Beds ⋅ 6 Baths ⋅ 202628618 MLS

Excellent opportunity to acquire a 6-unit multifamily portfolio with an adjoining vacant lot in the heart of downtown Albany! Featuring two three-family buildings at 341 and 364 Madison Avenue, this investment offers a desirable mix of newer construction and updated apartments. 364 Madison, built in 2020, features spacious modern layouts, open-concept living, contemporary kitchens, central air, and in-unit laundry. Both properties offer strong rental income and attractive layouts in a highly desirable downtown location. The adjoining vacant lot at 366 Madison provides additional flexibility and potential. Conveniently located near the NYS Capitol, Empire State Plaza, restaurants, and downtown amenities. Portfolio sale only!

364-366 Madison Avenue, Albany

$1,100,000

14 Beds ⋅ 7 Baths ⋅ 202628215 MLS

Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *921 Park Ave is being sold as a package deal with 917 Park Ave. Please refer to MLS #202628213 for the related listing.

921 Park Avenue, Albany

$1,100,000

14 Beds ⋅ 7 Baths ⋅ 202628213 MLS

Two adjacent buildings, 14 units, all 2BRs in Albany's Pine Hills. Fully occupied with strong in-place cash flow and immediate upside: current rents are below the $1,500-$1,600 area average for 2BRs. Walkable location near hospitals, colleges, and state offices drives consistent demand, low vacancy, and steady rent growth. Limited new supply. Stability plus growth potential. Financials available upon request. *917 Park Ave is being sold as a package deal with 921 Park Ave. Please refer to MLS #202628215 for the related listing.

917 Park Avenue, Albany

$375,000

6 Beds ⋅ 4 Baths ⋅ 202627964 MLS

60 Clinton Street, Albany, NY | Historic Charm & Income Potential Full of charm and character, this well-maintained property features exposed brick, unique repurposed details, and views of St. Joseph's Church and the New York State Capitol. Enjoy a prime downtown location within walking distance of Olde English, McGeary's, The Palace Theatre, and Capital Repertory Theatre. Currently generating $3,500/month in gross rental income, this property offers versatility for investors or owner-occupants, with potential for traditional rentals, traveling nurse housing, or Airbnb, subject to applicable local regulations and approvals. Notable Updates & Improvements: Electrical & Plumbing: Redone around 2006 during a previous owner's rehabilitation of the property. Roof & Exterior: Flat roof replaced (2024), new roof drain (2026), gutters replaced (2016), exterior brick repointing (2023), and backyard improvements. Mechanical & Utilities: Two gas furnaces replaced (2018-2019), all three unit water heaters replaced between 2021 and 2026, and house meter installed (2024). Interiors: Flooring, carpeting, painting, laundry room improvements, and additional updates throughout all three units. A distinctive downtown property combining historic character, ongoing maintenance, established rental income, and exciting possibilities!

60 Clinton Avenue, Albany

$2,399,000

5 Beds ⋅ 8 Baths ⋅ 202627949 MLS

Exceptional luxury residence offering exquisite craftsmanship, generous living spaces and resort-style amenities. Grand marble foyer, elegant formal dining room, refined parlor and spectacular two-story family room with soaring ceilings and expansive windows overlooking the pool. Gourmet kitchen features quartzite countertops, premium appliances, coffered ceiling and butler's pantry. First-floor guest suite with private bath, two powder rooms and laundry/mudroom. Five garage spaces, including heated attached and detached garages. Luxurious primary suite features a three-sided fireplace, private sitting room with wet bar, spa-inspired bath with radiant floors and custom his-and-her California Closets. Finished lower level offers a home theater, recreation room, full bar and wine cellar. Magnificent heated gunite pool with hot tub, waterfall, slide and grotto, surrounded by bluestone patios, outdoor kitchen and two-level pool house. Fire pit and children's play area complete this extraordinary property.

611 Bedford Square, Albany

$599,000

10 Beds ⋅ 202627945 MLS

In the PIne Hills section of Albany, a modernized, clean 4 unit with bright and useful commercial space on ground floor. Each unit is spacious and updated. Great investment opportunity with close proximity to Albany Medical Center, colleges and universities and the music and night life of Albany. Off-street parking.

864 Madison Avenue, Albany

$779,999

202627839 MLS

Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker. Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker.

409 New Karner Road, Albany

$8,489,000

202627830 MLS

Exceptional opportunity to acquire a +/-90,000 SF Class A office building in Downtown Albany. Built in 1999, the four-story property features efficient +/-22,500 SF floor plates, a traditional office buildout with private offices, open work areas and numerous conference rooms, plus a full cafeteria, fitness center and locker rooms. The property includes a 392-space gated parking lot (4.36 spaces/1,000 SF), two passenger elevators, one freight elevator and a loading dock. Excellent visibility from I-787 with approximately 88,000 vehicles per day and convenient interstate access. Situated on +/-4.0 acres with MU-CU zoning and adjacent to the recently constructed Hyatt Place. Expansive views of the Hudson River and Downtown Albany. Offered at $8,489,000 ($94.32/SF), significantly below replacement cost.

725 Broadway, Albany

$375,000

7 Beds ⋅ 4 Baths ⋅ 202627785 MLS

*** MULTIPLE OFFERS- Highest and best due on Thursday, October 15, 7PM*** An outstanding opportunity on Albany's vibrant Delaware Avenue! This four unit property offers the ideal combination of income potential, location and flexibility for investors and owner-occupants alike. The building features three 2-bedroom/1 bath apartments and one 1 bedroom/1-bath apartment, along with vinyl replacement windows throughout. A major bonus rarely found with city multifamilies: four garages available for tenant use, adding valuable convenience and rental appeal. The first-floor rear apartment is currently vacant, creating an excellent opportunity for an owner-occupant or allowing an investor to select their next tenant. This unit has been refreshed with a new kitchen floor, new refrigerator, new bathroom vanity and toilet, new blinds, plus an enclosed porch. Tenants also enjoy access to coin-operated shared laundry in the basement. And the location is hard to beat. Situated directly along the Delaware Avenue corridor, the property is convenient to neighborhood restaurants, shopping, services, downtown Albany and major employment centers, with CDTA bus service right along Delaware Avenue providing easy connections throughout the area. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, 227 Delaware Ave offers the versatility, amenities and location that make a multifamily property stand out.

227 Delaware Avenue, Albany

$3,800,000

202627660 MLS

This is a 6-property portfolio for sale, headlined by a 23,408ft2 office building at 747 Madison Ave. There are 17 apartment units included between 731 Madison Ave a 7-unit, 755 Madison Ave a 5-unit and 765 Madison Ave a 5-unit. There is a 4,000ft2 warehouse adjacent to the office building that is currently owner-user, and a 4 car garage next to the warehouse. Behind the large brick 7 unit at 765 Madison Ave is an undeveloped lot with an address on Hamilton St. The year EGI for the portfolio is $515,468, and the full financials will be provided upon request. The current ownership has held the properties for 20 years. Most of the apartment units and office spaces have been updated inside.

747 Madison Avenue, Albany

$165,000

5 Baths ⋅ 202627386 MLS

Price Reduced!! Downtown commercial property with existing daycare tenant. Two unfinished one bedroom apartments. Off street parking. Property sold ''as is''. Advanced notice for appointments required due to operating business. To be sold with adjacent lot 45 Quail. Call listing agent for appointment.

43 Quail Street, Albany

$1,250,000

10 Beds ⋅ 9 Baths ⋅ 202627002 MLS

Mixed-use investment opportunity at the tri-corner of Watervliet Ave, Livingston Ave and 3rd St, just off the Everett Rd exit of I-90. This 3- story building offers 9 apartments (four studios, one 1BR, three 2BR, one 3BR) plus two street-level storefronts of ±1,500 SF and ±1,000 SF with large glass windows and direct street access. Apartments currently generate $8,325/mo; both storefronts are vacant and being marketed at $1,500/mo and $1,300/mo, offering immediate upside. Select units have seen recent updates including new windows, flooring and appliances. Across the street from Honest Weight Food Co-op and a block from the CDTA Training and Call Center. Pro forma NOI of $85,815 (6.9% cap rate) with retail leased. Offered at $1,250,000.

65 Watervliet Avenue, Albany

$599,000

12 Beds ⋅ 4 Baths ⋅ 202626942 MLS

Great investment opportunity in a prime Albany location. This large 4-unit property features spacious 3-bedroom, 1-bath units with in-unit laundry and modern finishes. Potential gross income of approximately $6,000/month. Two units are currently occupied at $1,500/month each (MTM leases), one unit is being delivered vacant, and the fourth tenant is expected to vacate by the end of October.

108 Southern Boulevard, Albany

$350,000

12 Beds ⋅ 6 Baths ⋅ 202626166 MLS

Attention Investors !! Looking to start or add to your business portfolio this is a must see separate utilities 2 units or occupied now the 3 unit needs work long term tenants or in place already. Pre-approval letter required or proof of funding before any showing is confirmed 48 hrs notice, Sold as is.

32 S Allen Street, Albany

$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. ***Multiple offers- Best and final due on Friday, September 25, 10 AM***

341 New Scotland Avenue, Albany

$799,000

202626095 MLS

For Sale: Prime Mixed-Use Building in Downtown Albany. Seize the opportunity to acquire a ±24,072 square foot, four-story mixed-use building in the heart of Downtown Albany. Zoned Mixed-Use Downtown (MU-DT), this building offers diverse possibilities for retail and office use. 1st floor and basement currently rented to restaurant user for $5,500.00 a month. Lease ends February 28, 2029.

69 N Pearl Street, Albany

$750,000

5 Beds ⋅ 5 Baths ⋅ 202625904 MLS

Classic charm meets beautifully maintained curb appeal in this inviting vintage home. The attractive blue exterior is complemented by crisp white trim & traditional dark shutters, creating a timeless & welcoming presence. A handsome brick walkway leads to the covered front entry, while the professionally landscaped grounds feature neatly manicured lawns, mature plantings, sculpted shrubs, & established trees. Step into the gracious foyer of this distinguished 100-year-old Center Hall Colonial, where timeless character and thoughtful updates come together beautifully. The generous entry features a striking mural and open staircase, setting the tone for the elegant, yet relaxed interiors beyond. The front-to-back formal living room is filled with natural light and anchored by a period fireplace, while the spacious dining room provides the perfect setting for everything from intimate gatherings to family-sized dinners. The well-appointed kitchen features a commercial range, granite countertops, and an adjacent work niche with built-in desk. A four-season sunroom and inviting family room add even more comfortable living space to the main level. The second floor offers an impressive primary suite with its own fireplace, a beautifully appointed bath with double vanity, tiled shower and classic clawfoot tub, plus an oversized walk-in closet/dressing room. Two additional bedrooms each enjoy their own full vintage-style baths. A versatile bonus room provides endless possibilities as a home office, exercise room, playroom or creative space. The third floor adds two more generous bedrooms and an additional full bath, providing exceptional flexibility for family, guests or work-from-home needs. Throughout the home, original architectural details have been thoughtfully preserved, including built-in cabinetry, beautiful oak floors, period moldings & woodwork.

64 Euclid Avenue, 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

$649,900

7 Beds ⋅ 7 Baths ⋅ 202625684 MLS

Excellent opportunity for an investor seeking a turnkey multi-family asset with immediate cash flow and room to grow NOI. The combination of below-market rents, month-to-month flexibility, and completed capital improvements makes this a standout addition to any portfolio. Seven well-maintained residential units with a history of easy rentability. Newer mechanicals and electrical panels. Classic architectural charm: high ceilings, original wood floors, tiled bathrooms, and large windows throughout. Long-term, reliable tenants in place, with rents currently below market -- significant upside potential for a new owner. ROPs in place for all apartments. Listing agent is part owner.

156 S Swan Street, 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. *** Multiple offers- best and final offers due Wednesday, September 23 at 10AM***

141 S Allen Street, Albany

$399,000

9 Beds ⋅ 3 Baths ⋅ 202625522 MLS

This Solid Brick Three Unit includes in the price, 536 N Pearl that the house sits on, 538 N Pearl, and 540 N Pearl vacant lots. 538 & 540 N Pearl are zoned Two Family Residential. As for 536 N Pearl it features Three apartments that were originally remodeled by an owner occupied which makes for some unique details of tiles work throughout and unit one featuring a garden tub and coffered livingroom ceiling. Brings in just over $50k/year in annual income.

536-540 N Pearl Street, Albany

$378,000

1 Baths ⋅ 202625508 MLS

Excellent owner-user or investment opportunity at 1306 Broadway! This ±4,221 SF commercial building sits on ±0.19 acres and offers on-site parking, drive-in access, signage and excellent visibility along the Broadway corridor with over 10,000 vehicles per day. C1 zoning offers flexibility for potential retail, office, personal/business service and other commercial uses. Sale includes the vacant lot behind the property with 25' of frontage on Lindbergh Ave, offering potential for additional parking, storage or egress. Convenient to Downtown Albany, Menands, I-787 and major Capital Region routes.

1306 Broadway, Albany

$3,199,000

13 Baths ⋅ 202625299 MLS

MIXED USE WITH RESIDENTIAL & COMMERCIAL TENANTS. CLASS A+ OFFICE BUILDING. SUPERIOR CONDITION WITH HIGH-END FINISHES. PROFESSIONAL TENANT MIX. SOLID LEASES. GREAT CASH FLOW. EASY ACCESS TO RT 155, I90, I87, DOWNTOWN ALBANY, NANOTECH CENTER, ETC. 9 RESIDENTIAL TENANTS & 6 COMMERCIAL SPACES.

9 Washington Square, Albany

$1,300,000

202624646 MLS

+/- 6,337 SF Cash flowing mixed-use asset in downtown Albany. The property includes eight 1-bedroom units and a ground floor commercial space. Property is fully leased and all units are recently updated. Roof was replaced in 2024. Prominent corner location at the intersection of Henry Johnson Blvd & Second Street. Close proximity to Downtown Albany, major employers, hospitals, universities, state government offices, and dining and shopping amenities. +/- 0.29 acre lot includes ample parking and possibility for additional development. Potential value-add through increasing below market rents.

151 Henry Johnson Boulevard, Albany

$539,000

4 Beds ⋅ 4 Baths ⋅ 202624598 MLS

Welcome to this beautifully maintained fully occupied 4 Unit, ideally located in the heart of Albany. Each spacious full-floor unit showcases original architectural details throughout, including soaring cathedral ceilings, original fireplaces, crown molding, mantels, hardwood floors throughout, stained glass windows and much more, highlighting the home's historic character. The property offers separate utilities for added ease. Conveniently located in the Washington Park neighborhoods. Just minutes from the State Capitol, downtown government and legislative buildings, Albany Medical Center, Albany Law School, SUNY, as well as restaurants, galleries, and local shops. Ideal for investors seeking a strong addition to their portfolio. Do not miss this rare opportunity in an exceptional location.

221 Lancaster Street, Albany

$239,900

7 Beds ⋅ 5 Baths ⋅ 202624358 MLS

Located in Albany's historic Ten Broeck Triangle, this distinctive three-unit property offers a rare opportunity to own and restore a piece of Albany's architectural history, while creating the potential for rental income to help offset the cost of homeownership. Featuring seven bedrooms and five baths, the home offers exceptional flexibility for an owner-occupant or investor. The expansive two-level upper unit features a spacious primary bedroom with remarkable views of the Albany skyline, including the Empire State Plaza and The Egg. A detached two-story carriage house/garage provides valuable off-street parking and additional potential, including possible future accessory dwelling use, subject to zoning and municipal approvals. A unique opportunity combining history, income potential, impressive views, generous space, and an exceptional location.

28 1st Street, Albany

$1,499,900

10 Beds ⋅ 10 Baths ⋅ 202624326 MLS

RARE 10-UNIT INVESTMENT OPPORTUNITY IN PINE HILLS! Rarely available this brick multifamily property in Albany's desirable Pine Hills neighborhood. Opportunities of this size and location do not come along often. This income-producing asset offers investors the chance to own a substantial multifamily property in an established rental market with convenient access to colleges, hospitals, restaurants, shopping, public transportation, and downtown Albany. A compelling opportunity for investors seeking scale, income potential, and long-term upside in a highly desirable location. Potential yearly $168,900.00. Full expense sheet is available under docs. It can be sold as a package with 77 S. Allen (3 units) Street and 299 Quail Street (6 units)

328 Western Avenue, Albany

$669,900

202624235 MLS

Value-add investment opportunity in Albany's highly desirable Center Square neighborhood. This 6-unit mixed-use apartment building features two street-level commercial spaces, offering investors the opportunity to acquire an existing income-producing asset with additional upside through repositioning, leasing, or owner-user occupancy. Ideally located within walking distance of restaurants, bars, shopping, and Washington Park, the property offers strong urban accessibility and convenient proximity to downtown Albany. A compelling opportunity for investors seeking a value-add multifamily/mixed-use asset in an established neighborhood. Schedule your showing today.

285 Washington Avenue, Albany

$1,599,999

15 Beds ⋅ 16 Baths ⋅ 202623976 MLS

Fully remodeled (2013), charming, spacious 9-unit building walkable to everything. 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027. $17,870 monthly rent roll. Assumable financing at 3.7%. Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF. Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer. There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).

83 Beaver Street, Albany

$799,000

16 Beds ⋅ 9 Baths ⋅ 202623856 MLS

Three tax lot offering of three townhouses with seven units in total. All three buildings are mechanically connected. Two minutes from major highways and walking distance to downtown. Current configuration is four 1-bed/1-bath units, one 2-bed/1-bath unit, one 3-bed/1-bath unit, and one 4-bed/2-bath units. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires 48 hour notice to show. Requests for showings on a Monday or Tuesday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours. Sale includes tax lots: 65.72-6-10, 65.72-6-9, 65.72-6-8.

304-308 Clinton Avenue, Albany

$1,650,000

202623796 MLS

Commercial portfolio at 10% CAP RATE consisting of 5 commercial retail units, 16 room SRO, 3-bedroom apartment and a vacant lot. Located in the heart of the Albany Central Avenue Business District on Central Avenue, Quail Street and Sherman Street. Signed NDA and Proof of Funds required. See associated docs for property factsheet.

337 Central Avenue, Albany

$715,000

8 Beds ⋅ 9 Baths ⋅ 202623775 MLS

Three tax lot offering of two townhouses with two units each and one mixed-use townhouse with ground floor commercial space and two units above. All three buildings are mechanically connected. Two minutes from major highways and walking distance to downtown. Current configuration is four 1-bed/1-bath units, one 3-bed/2-bath unit, and one 4-bed/2-bath unit. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires 48 hour notice to show. Requests for showings on a Monday or Tuesday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours. Sale includes tax lots: 65.64-4-37, 65.64-4-38, & 65.64-4-39.

341-345 Clinton Avenue, Albany

$650,000

12 Beds ⋅ 8 Baths ⋅ 202623770 MLS

Well maintained 6-unit apartment building in the Ten Broeck Triangle neighborhood of Albany. Two minutes from major highways and walking distance to downtown. Current configuration is two 1-bed/1-bath garden level units, two 1-bed/1-bath 1st floor units, one 4-bed/2-bath 2nd floor unit, and one 4-bed/2-bath 3rd floor unit. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires Property requires 48 hour notice to show. Requests for showings on a Monday or Tuesday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours.

11 Ten Broeck Street, Albany

$639,900

5 Baths ⋅ 202623729 MLS

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.

197 Lark Street, Albany

$849,900

202623554 MLS

A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.

83 Central Avenue, Albany

$290,000

6 Beds ⋅ 3 Baths ⋅ 202623243 MLS

This three-story brick mixed-use building features a vacant commercial storefront & 2 occupied apartments, 2nd fl. rented at $1,500/month 3rd fl. has a long-term tenant paying $1,250/month. Estimated gross annual rental income is approximately $60,000. The roof has been professionally silicone-coated, providing an estimated 15-20 years of added protection.

151 S Pearl Street, Albany

$420,000

8 Beds ⋅ 4 Baths ⋅ 202623231 MLS

** Multiple offers- Best and final deadline is Monday, August 10 @ 5 PM** Exceptional investment opportunity in Albany's highly sought-after Pine Hills neighborhood! Whether you're looking to expand your portfolio or secure a strong income producing property, this well-maintained four-unit offers the perfect blend of immediate cash flow and long-term potential. Both of the second floor units are currently occupied by long-term month-to-month tenants.First floor left unit expected to be rented shortly, making this an attractive opportunity for both seasoned investors and owner-occupants alike. Each apartment features comfortable living spaces, functional layouts and beautiful hardwood floors creating spaces that are consistently appealing to tenants. The property has been maintained with vinyl replacement windows throughout, a new boiler and hot water heater (2025), and all Rental Occupancy Permits (ROPs) are current, providing added peace of mind. Located just minutes from Albany's colleges, hospitals, restaurants, parks, shopping, and major highways, this property enjoys a prime location in one of the Capital Region's most desirable rental markets. With a proven rental history, low-maintenance updates, and strong demand, this is a rare opportunity to own a turnkey multifamily.

101 S Pine Avenue, Albany

$325,000

5 Beds ⋅ 4 Baths ⋅ 202622792 MLS

Turnkey three-story duplex townhouse positioned in a high-demand downtown Albany corridor. Currently operated as a successful Airbnb for the past 2.5 years, this multi-family property has been used as a short-term rental, but could be used for corporate housing or traditional monthly income property. Close to MVP Arena, Empire State Plaza, the NYS Capitol Complex, and downtown dining and nightlife. Minutes from Albany Medical Center and major commuter routes including I-787 and I-90. High traffic area with consistent demand driven by state government operations, regional events, and healthcare professionals.

90 Madison Avenue, Albany

$2,300,000

10 Beds ⋅ 11 Baths ⋅ 202622723 MLS

(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street, Albany

$2,300,000

11 Baths ⋅ 202622721 MLS

Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street, Albany

$195,000

202622658 MLS

No better location that this. The corner of Madison and Dove, offering 5 units, gutted and ready for your vision. Offered at $50k per door, with an ARV of $160 and higher per door on a high end renovation, there's is equity to build on. Buy and start work before summer is gone. Vacant, easy to show, easy to buy.

372 Madison Avenue, Albany

$2,149,000

202622391 MLS

Excellent investment opportunity in the heart of Albany's Central Avenue commercial corridor. The building offers a combination of 1 commercial and 6 residential spaces, making it ideal for investors seeking stable cash flow or owner-users looking to occupy while generating rental income. Offering includes 248 Sherman, a 7 unit residential/ 2 commercial property offering an excellent opportunity for both seasoned investors and owner-occupants. Property has been professionally managed and features solid rental potential in a convenient Albany location with easy access to downtown, major highways, hospitals, schools, and public transportation.

261 Central Avenue, Albany

$8,490,000

202622274 MLS

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

201 Park Avenue, Albany

$625,000

202622020 MLS

Four-story mixed-use building in the heart of downtown Albany -- fully gut-renovated in 2020 and in excellent condition. Three residential units on floors 2-4 featuring Google Smart Home technology, in-unit washer/dryers, exposed brick, and that iconic arched top-floor window with direct views of SUNY Plaza. Hallways freshly painted April 2026. This is not your typical downtown walkup and it shows. Ground floor commercial space is currently vacant and ready for an owner-occupant or new tenant -- a significant value-add opportunity in one of Albany's highest-foot-traffic corridors, directly across from SUNY Plaza with the Broadway bus stop at the front door. The big number: approximately 15 years remaining on a 20-year Capitalize Albany tax abatement, dramatically reducing the effective tax burden and making this one of the most favorably structured deals in the downtown market right now. Gross potential income $70,800/year. Priced at $699,000 at a 6.88% cap rate on normalized expenses. Two residential units coming available -- buyer sets fresh market rents on a renovated product. Full OM and financials available upon request!

402 Broadway, Albany

$410,000

4 Beds ⋅ 3 Baths ⋅ 202622063 MLS

342-346 Hamilton Street offers a unique mixed-use opportunity in a prime downtown Albany location. The property includes office space, two apartments, and a private parking lot with six spaces. Owned and meticulously maintained by a nonprofit for the past 30 years, the property provides strong income and investment potential. Note: 342 Hamilton Street refers to the building, and 346 Hamilton Street is the parking lot. The first floor is currently configured as professional office space and showcases beautiful original woodwork crafted by a skilled carpenter. The layout includes three private offices, a conference room, and a kitchenette, offering flexibility for an owner-user or potential to subdivide for additional rental income. Newer central air serves the office space. The upper floors consist of two residential units, each offering two bedrooms and one full bath. The second floor unit is vacant and the third floor unit is currently rented on a month-to-month basis, generating $600/month. Separate utilities and panels are in place, and the water service line to the property has been replaced in recent years.

342 Hamilton Street, Albany

View All Latest Albany 3500+ Sq. Ft. Properties for Sale

3500+ Sq. Ft. Albany Real Estate

How much is your home worth?

How much is your home worth?