Albany NY 5000+ Sq. Ft. Real Estate, Homes, Condos for Sale

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

$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.

141 S Allen Street

$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

$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

$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

$679,900

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

$1,599,999

17 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. 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

$799,000

18 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. 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

$715,000

11 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 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

$650,000

13 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 must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours.

11 Ten Broeck Street

$899,900

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

$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

$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

$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

$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

$8,750,000

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

$599,990

11 Beds ⋅ 6 Baths ⋅ 202620220 MLS

Recently renovated 6 unit. One occupied 3 bedroom. Remaining units are all unoccupied and consist of three 2 bedrooms and two one bedrooms.

464-466 Washington Avenue

$499,000

10 Beds ⋅ 3 Baths ⋅ 202619770 MLS

This 3-unit has been updated and maintained. There is newer flooring, updated kitchens and baths in all 3 units. Unit 1 has 4 bedrooms and 1 full bath, Unit 2 has 3 bedrooms and 1 full bath. Unit 3 has 3 bedrooms and 1 full bath. There is a large living room in each unit. Small backyard and a larger side yard that tenants use for a 3 car off street parking area. Each unit is month to month and could be getting higher rents.

144 Broad Street

$799,900

4 Baths ⋅ 202619677 MLS

Rare mixed-use opportunity in the heart of Albany. This approximately 6,000 SF building spans three levels and occupies more than half a block on Robin Street, just steps from Central Ave, Washington Park, and UAlbany's Downtown Campus. The first floor features two entertainment venues, including an event space with bar area and a separate lounge/nightlife concept, with a proven history of private event rentals and recent approval for event venue use. The second floor includes a recording studio with soundproof booths, while the upper two levels offer flexible space filled with natural light from oversized windows. Four bathrooms, off-street parking, and vacant possession at closing create endless possibilities for hospitality, creative, office, residential, or investment use.

56 Robin Street

$180,000

1 Baths ⋅ 202619409 MLS

A great opportunity to own this established auto body repair, D&S Body shop. The auto body repair shop has been in use for well over 50 years. The property features a functioning automotive repair shop along with one separate office space rental and eight garage/storage rental units, providing steady supplemental income. Ideal for owner-operators, investors, or automotive business expansion, the property offers versatile commercial space with strong utility and flexibility. Well-situated with convenient access to major roadways, surrounding neighborhoods, and local business districts. Features include ample garage/storage capacity, office rental income opportunity, and a layout suitable for automotive services, contractor use, storage, or mixed commercial operations. Excellent opportunity to own an auto body repair shop with supplemental rental revenue in the City of Albany.

467 Jay Street

$2,450,000

202619191 MLS

Rare find! Completely renovated 11 years ago, this incredible building is fully rented and features 14 luxury apartments all with their own unique architectural details, and one large retail space with frontage on Washington Avenue, plus a large unfinished basement with even more investment potential. All apartments have hardwood floors, granite, dishwashers, private laundry, their own gas furnace and central air, hot water heater and electric panel. Large storage rooms for tenants both up and down. Shared lounge or gym space. Accessible lift to second floor. Secure entrances and lobby with intercom & updated security system. Potential rentable basement space up to fire code. Extremely attractive assumable Freddie Mac mortgage available until Dec. 31, 2029. Inquire for more details.

260 Washington Avenue

$850,000

10 Beds ⋅ 6 Baths ⋅ 202619003 MLS

One of the most uniqure buildings you will find in Albany! Immaculate 4 unit historical multifamily in the heart of Center Square with all modern units and amenities. Each unit has central air, washer/dryer & dishwasher, fireplaces, hardwood floors throughout. New tile in bathroom, updated appliances, updated heating. 3 units have their own private rooftop decks and a shared private courtyard. Front downstairs unit has privatized glass on window that still allows natural light. Amazing investment opportunity or owner occupy. Residential street directly off Lark St, close proximity to State offices, hospitals, univiersties, etc.

201 Jay Street

$449,777

3 Baths ⋅ 202618946 MLS

Motivated seller is selling this Mixed-Use property. It is currently being used as an auto repair shop ''Hurk's Transmission'' and 3 apartments (need to be renovated) Property to **Two parcels are being sold, 187 Jefferson, 010100 76.31-3-27 and 380 Madison Avenue )10100 76.31-3-20** There are garage spaces for 4-6 cars as well as off street parking for 5-6 cars. The property runs street to street between Madison Ave and Jefferson Street. great location, close to downtown, center square, state offices, SUNY, i787,i87,i90 shops and dining.

187 Jefferson Street

$1,025,000

19 Beds ⋅ 12 Baths ⋅ 202618199 MLS

This is the perfect investment opportunity in the heart of Albany! This 3-story brownstone features 19 rental units with a mixture of apartments and room rentals. Combined with a small parking lot and 3 car garage (27 2nd St), this building is being offered at an attractive 11% cap rate. If you are looking for a true cash flow machine, this is the perfect fit!

29 2nd Street

$139,000

202617128 MLS

TURN KEY BUSINESS available- high traffic exposure- expandable hours can continue this successful and well established Delicatessen in Albany NY- business with all equipment is being offered for sale- there is an assumable 2+ year lease in place with an option at the end of lease, all equipment will be sold with business, walk in cooler, gas stove , slicers, coolers, etc. to be included, off street parking, rent and income figures available - potential for broadening the scope of current business is an option

718 Central Avenue

$1,140,000

202614169 MLS

Fully Leased Iconic Downtown Albany Investment Opportunity! Discover +/-10,085 SF of prime mixed-use space at the bustling corner of North Pearl & Columbia Streets. This fully leased four-story historic building--originally constructed in 1850 and thoughtfully renovated in 2020-- features five market-rate apartments and two high-visibility retail storefronts. Zoned MU-DT, the property offers excellent exposure and foot traffic in Albany's vibrant downtown district. Includes a passenger elevator and strong rental history. Offered at $1,190,000 ($118/SF), this is a turnkey asset ideal for investors seeking value, stability, and upside potential in a dynamic urban market.

82 N Pearl Street

$749,000

202614003 MLS

Rare owner-user opportunity in Albany! This 7728 SF flex industrial building is perfectly suited for contractors, distribution, or light manufacturing users. Featuring (2) 12' drive-in doors, a full sprinkler system, and existing office buildout, the property offers a highly functioning layout ready for immediate occupancy. Zoned MU-NE, allowing for a wide range of commercial and light industrial uses. Offered at $799,000, presenting a compelling alternative to leasing while building long-term equity. Centrally located with easy access to Central Ave. and I-90. Ideal for businesses looking to establish or expand their footprint in a supply-constrained market

334 Ontario Street

$499,900

9 Beds ⋅ 7 Baths ⋅ 202613988 MLS

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.

865 Madison Avenue

$950,000

18 Beds ⋅ 12 Baths ⋅ 202613824 MLS

159-169 Franklin Street in Albany's South End has 12 units. Six studios and six two bedrooms. They're all separate parcels. There was a brand new roof put on less than two years ago, tenants pay all utilities, and the property is all electric.

159-169 Franklin Street

$8,000,000

202613486 MLS

Albany Plaza: +/-115,305 SF, 215-key economy hotel on +/-5.40 acres directly off I-90 (Everett Rd Exit 5) with 90,124 AADT and exceptional visibility. 9-story, fully sprinklered asset with 2 elevators and 300 parking spaces. Built 1972, renovated 2016. Features full-service restaurant & bar, 10,000+ SF meeting/event space, indoor & outdoor pools. Zoned MU-CH (Community Highway) offering significant repositioning or redevelopment potential. Former Ramada, now independently operated, non-union. Rare value-add hospitality opportunity offered at $8,000,000 ($69.38 PSF / $37,209 per key).

3 Watervliet Avenue Extension

$995,000

202613202 MLS

Historic church building full of character, offering 6,128 sq ft, with an adjoining Parish Hall totaling 6,324 sq ft. The Parish Hall's third floor has been modernly updated to accommodate eight Sunday School classrooms, two bathrooms, and a small kitchen. The second floor features a large meeting hall, office, three additional Sunday School classrooms, and two bathrooms. The renovated lower level includes a full commercial kitchen and a spacious hall ideal for gatherings and events.

820 Madison Avenue

$1,040,000

202613024 MLS

Large mixed use offering on busy Central Ave in Albany. +/- 16,000 sf with current long standing tenant in portion of retail and warehouse space. 3 residential units on 2nd and 3rd floor-vacant. Can be easily rented. Building has been well cared for and in excellent condition. Off Street parking lot for approx 20 cars. Vacant garage/warehouse space fronts Bradford Street. Great offering for an investor or owner occupy.

232 Central Avenue

$445,000

6 Beds ⋅ 5 Baths ⋅ 202612772 MLS

Located in the heart of Center Square, this historic brick brownstone multi-family building offers a fantastic opportunity to own in one of Albany's most vibrant neighborhoods. Just steps from the shops, restaurants, and nightlife of lively Lark Street and minutes to Albany Med, this location offers the best of city living with everyday convenience. Enjoy city views from the floor-to-ceiling windows, beautiful natural light, and 3 huge flats (each over 1,000 sq ft). The atrium area allows for endless opportunity and can easily be reimagined into a chic outdoor oasis. The garden apartment includes 2 bedrooms, 1 bathroom, and laundry in unit. Unit 2 includes 2 bedrooms and 2 full bathrooms, laundry in unit, and a deck off the second bedroom. Unit 3 includes 2 bedrooms, 2 full bathrooms, a large open living and dining area, and beautiful city views. Owner pays electric/internet for the 1st floor unit only; separate utilities for each unit. All units have gas fireplaces for supplemental heat. Ideal for an owner-occupant looking to offset their mortgage with rental income or an investor seeking a strong addition to their portfolio, the property provides great flexibility and potential. The home also features a generously sized yard space--an uncommon find in the city--great for outdoor enjoyment. Permit parking is available behind the building for added convenience. A prime Center Square location, solid brick construction, and excellent rental capacity make this a great opportunity in the heart of Albany.

285 Lark Street

$1,800,000

24 Beds ⋅ 13 Baths ⋅ 202611652 MLS

Fantastic property that was recently rehabbed and modernized. Two Long term, commercial tenants with 8 apartments. Typically rented to students from UAlbany, Albany Law, Albany, Med. Great rental neighborhood. Close to UAlbany Downtown Campus, Washington Park, Albany Med, Albany Law. See attached for income and expense details. New HVAC for commercial space in 2024 and New Hot Water system for building replaced in 2025.

811 Madison Avenue

$1,490,000

22 Beds ⋅ 13 Baths ⋅ 202611000 MLS

13 unit fully rented apartment building in prime center square location. Fully rented with leases in place. Separate utilities, owner pays house meter for hallway lights, hot water for building, coin laundry in building. Agent is related to seller.

346 State Street

$900,000

2 Baths ⋅ 202610817 MLS

This sale includes the business, FF and E and Inventory of Watkins Spring Co. Inc., which is an established business with over 100 years of experience providing heavy duty truck suspension services in the Capital District. The business has over 4000 accounts and a highly respected reputation in the industry. Qualified buyers to sign NDA and show proof of funds. Owner has separate listing for sale of the real estate and will also consider lease of property with option to purchase. See associated docs for details on all of the possibilities.

368 Central Avenue

$950,000

2 Baths ⋅ 202610816 MLS

This listing is for the sale of the real estate and owner is willing to consider lease of property with an option to purchase. There is a separate listing for sale of the business, FF and E and inventory of Watkins Spring Co., an established business with over 100 years of experience providing heavy duty suspension services in the Capital District. The business has over 4,000 accounts and a highly respected reputation in the industry. Qualified buyers to sign NDA and show proof of funds. See associated documents for details on all of the possibilities.

368 Central Avenue

1434 Western Avenue

12 Beds ⋅ 6 Baths ⋅ 202530337 MLS

Check out this money maker in Albany, which generates over $87,000 annually when fully rented. This rock-solid 6-unit typically brings in over $7,000/month in gross rents, plus additional cash flow from coin-op laundry. Two units delivered vacant and move-in ready: one fully updated and the other to be renovated prior to closing - providing immediate flexibility for an owner-occupant or the opportunity to set rents with tenants of your choosing. It's a true turnkey asset featuring a low-maintenance brick exterior and a history of being fully rented. Reliable, on-time rental income, which minimizes collection risk. The location is ideal for keeping occupancy high, sitting just minutes from downtown, local amenities, and major bus lines. *The sale includes two separate parcels. If you are looking for a stabilized, high-performing property that pays off from day one, this is it. AGENTS: Please see remarks and docs for lots of additional info.

40-42 Ontario Street

$800,000

12 Beds ⋅ 6 Baths ⋅ 202529600 MLS

You don't have buildings like these come on the market often! Family built and owned this well cared for 6 unit has been carefully updated and maintained all it's life. Located minutes to hospitals, shopping, Harriman Campus and Nano Tech. The apartments boast generous size rooms, multiple closets, hardwood floors on upper levels and nice appliances. Lower level units have waterproof flooring. Upper 4 units all have comfortable back porches. There is a 4 car garage in the rear of the building as well as additional parking. The driveway has been recently repaved. All rents include heat & hot water, tenants pay for electric and cable. Roof replace in 2020. Most of the windows have been replaced. Must be sold as a package with 948 Washington Ave

950 Washington Avenue

$800,000

12 Beds ⋅ 6 Baths ⋅ 202529598 MLS

You don't have buildings like these come on the market often! Family built and owned this well cared for 6 unit has been nicely updated and maintained all it's life. Located minutes to hospitals, shopping, Harriman Campus and Nano Tech. The apartments boast generous size rooms, multiple closets, hardwood floors on upper levels and nice appliances. Lower level units have waterproof flooring. Upper 4 units all have comfortable back porches. There is a 4 car garage in the rear of the building as well as additional parking. The driveway has been recently repaved. All rents include heat & hot water, tenants pay for electric and cable. Roof replace in 2020. Most of the windows have been replaced. Must be sold as a package with 950 Washington Ave.

948 Washington Avenue

$850,000

3 Baths ⋅ 202528917 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

$820,000

12 Beds ⋅ 6 Baths ⋅ 202528448 MLS

Sale includes 400A & 400B Madison Avenue, 501 Delaware Avenue, and 205 Jefferson Street (parking lot). A total of nine (9) residential units. Two of the units required rehabilitation, and the roof at 400A Madison required repair. Property sold prior to MLS publication.

400 Madison Avenue

$2,900,000

202527361 MLS

Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $2,900,000 ($44.40/SF).

32 N Russell Road

$1,884,159

21 Beds ⋅ 18 Baths ⋅ 202526005 MLS

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.

102 S Lake Avenue

$350,000

202525094 MLS

Don't miss this prime opportunity in Albany's South End. 493 S Pearl St is a 5,928 SF, two-story commercial building on a high-visibility corner lot with 15 parking spaces. Currently configured as an auto repair shop with service bays and overhead doors, it's ideal for owner-users or investors. Zoned for light industrial or automotive use, the property suits a variety of service-based businesses. Just minutes from downtown Albany, the Port, I-787, and Route 9W, it offers excellent accessibility and strong traffic exposure. A rare chance to acquire a well-located, flexible-use asset ready for immediate occupancy.

493 S Pearl Street

$60,000

202524523 MLS

Prime location on Western Ave in Albany! Located in the center of Westmere Plaza. Longstanding deli with high visibility - 17,000-20,000 cars pass by daily. Location has operated successfully as a deli and news stand for over 2 decades. Includes top-of-the-line equipment (all equipment purchased within 1-2 years, worth over $100K) - a true turn-key business ready for you to step in and thrive! Or a perfect opportunity for caterers looking for extra space. Plenty of parking located in the front and back of the Deli. Two Entrances to the front and back.

1823 Western Avenue, Albany

$620,000

13 Beds ⋅ 8 Baths ⋅ 202524274 MLS

1098 & 1100 consists of two solid brick 3 unit properties sold together as a 6 unit. Great location at border of Menands and Albany on Broadway. Large apartments with excellent tenancy and room to grow the rent roll currently at $7925 per month. Laundry hookups and/or equipment included in a few apartments. Tenants pay their own utilities and trash is picked up by the city. Easy to show!

1098-1100 Broadway

$500,000

10 Beds ⋅ 5 Baths ⋅ 202522453 MLS

Beautiful historic brick 5 family home in the heart of Albany! Modern large apartments with high ceilings! Each unit has 2 bedrooms. Walk to work, or downtown.

47 Ten Broeck Street

$625,000

8 Beds ⋅ 6 Baths ⋅ 202521159 MLS

This beautifully maintained multifamily features hardwood floors throughout all four apartments, with rare and original wood detailing that brings warmth, charm, and lasting appeal. Each unit offers generous living space, separate utilities, and thoughtful updates that tenants appreciate. Fully occupied with reliable tenants in place, this property generates immediate income from day one. Tenants also enjoy off-street parking and a convenient location near public transit, restaurants, and local amenities. A standout asset in a high-demand rental market—don't miss this exceptional investment opportunity! Sold as a package with 575 Western Agent is co-owner

577 Western Avenue

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