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Browse All Albany NY Between $400K - $500K Properties for Sale

85 S Lake Avenue, Albany
$449,000
6 Beds ⋅ 4 Baths ⋅ 202628433 MLS
85 South Lake Ave is a unique two-family duplex rowhouse located in one of Albany's best rental corridors - directly on Washington Park. Each apartment has two floors of living space, three bedrooms and two full bathrooms each. The total living space is 2,639 sq. ft. Both units have been renovated and updated. Major improvements include; new water and sewer lines, plumbing, kitchens, updated electrical, new windows, added insulation, newly painted, new exterior stairs, washer and dryer hook-ups, motion senser lighting, new and updated bathrooms. The main roof and furnace are approximately 10 years old. Front porch and kitchen roof are less than two years old. Each unit includes large rooms and closets, comfortable living spaces, ample natural light and functional layouts. The utilities are not split and have never been a cost or convenience issue. The building is incredibly efficient, being a row house with new insulation and windows. This building is a great turn-key investment opportunity - ready to rent or for owner occupied. Gross annual rental revenue is over $51,000. Both units are currently vacant due to renovation, creating the rare opportunity for the owner to place their own tenants at current market rates to maximize cash flow. The prime location makes renting easy - 98% occupancy rate over the last 30 years. On-street parking is readily available at all hours - most of the row houses have off-street parking. Off-street parking is possible with City of Albany approval.

85 S Lake Avenue, Albany

346 Hudson Avenue, Albany
$460,000
4 Beds ⋅ 3 Baths ⋅ 202628342 MLS
Fantastic opportunity for owner-occupants or investors in the heart of Albany's highly desirable Center Square/Hudson Park neighborhood! Meticulously maintained and filled with charm, this spacious 3-unit property offers incredible income potential with over $4,500/month in projected rental income when fully occupied! Offering immediate owner-occupancy potential with a vacant basement unit, this property is ideal for those looking to live in one unit while generating rental income from the others. Both the basement and second-floor units have been updated, featuring updated kitchens with stainless steel appliances and updated bathrooms. Beautiful hardwood flooring flows throughout the first and second floors, while the basement unit features new tile flooring. Each unit is filled with natural light, charm, and character, creating warm and inviting living spaces. Additional highlights include a new roof, new sewer line, and the convenience of shared basement laundry. Location, location, location! Just minutes from Washington Park, Albany Medical Center, St. Peter's Hospital, SUNY Albany, Lark Street, downtown Albany, state offices, the Capitol, and an abundance of coffee shops, restaurants, art galleries, nightlife, and other desirable downtown attractions. Whether you're looking to expand your investment portfolio or enjoy city living while collecting rental income, this is an opportunity you won't want to miss! Schedule your showing today!

346 Hudson Avenue, Albany

4 View Avenue, Albany
$400,000
5 Beds ⋅ 3 Baths ⋅ 202626375 MLS
With an estimated market cap rate of approximately 11.3%, and an indicated range of 10.2% to 13%, 4 View Avenue presents an attractive multifamily investment opportunity in Albany. This traditional brick property features three separate units, approximately 3,145 square feet of above-grade living space, and separate utilities. Whether you're an experienced investor or looking to owner-occupy while generating rental income, this property offers flexibility and potential. The property consists of a spacious 3-bedroom first-floor unit and two additional 1-bedroom units, each with a full bathroom. The first-floor unit offers a welcoming entry, comfortable living room, generously sized dining room, kitchen, separate laundry room, full bathroom, and three bedrooms. The kitchen includes a refrigerator, wall oven, and dishwasher. Hardwood floors and approximately 9-foot ceilings add character and a spacious feel to the main living areas. One bedroom features a large walk-in cedar-lined closet, providing excellent storage. A full, unfinished basement with exterior/walk-out access provides additional storage and utility space. The basement is equipped with dual sump pumps, including a backup system. The property is designed with separate utilities, including three gas meters, three electric panels, and three separate gas-fired hot water heating systems serving the units. Each electric panel is approximately 100 amps. Public water and public sewer serve the property. The brick exterior and traditional architecture provide timeless appeal, while the three-unit configuration creates practical income-producing potential. Conveniently located in Albany, the property provides easy access to shopping, dining, transportation, employment centers, schools, downtown Albany, and the surrounding Capital Region.

4 View Avenue, Albany

6 John David Lane, Albany
$415,000
4 Beds ⋅ 3 Baths ⋅ 202626206 MLS
Welcome to this brick colonial home, offering the perfect blend of architectural charm, functional space, and everyday convenience in a quiet, highly desirable neighborhood. Step inside to an inviting open-concept layout designed for effortless living & entertaining. The spacious main living area features a warm fireplace, creating a cozy focal point for relaxing evenings. The first floor includes two comfortable bedrooms & two full bathrooms, offering versatile layout options for a primary bedroom suite, home office, or guest quarters. Upstairs there is two additional sunlit bedrooms & a third full bathroom, providing privacy & generous space for guests. Downstairs, the partially finished basement offers flexible potential - ideal for rec room, home gym, workshop, half bath, or extra storage. Built with durable, classic brick construction, this home boasts great curb appeal & includes a detached one-car garage along w/a private driveway for convenient parking. Situated on a tranquil street, you are just minutes away from top amenities. Enjoy easy access to the vibrant shops, popular local dining & neighborhood spots along New Scotland Avenue, as well as close proximity to St. Peter's Hospital, top local schools and major commuter routes. New Washer & dryer in 2024. Dishwasher, microwave & stove new in 2024. Water Heater new in 2025. Butcher Block counters in 2024. Wallpaper removed & entire house painted in 2024.

6 John David Lane, Albany

32 Greyledge Drive, Albany
$479,000
3 Beds ⋅ 4 Baths ⋅ 202625832 MLS
A Rare Opportunity in Bishops Gate! Beautifully situated in this highly desirable, well-kept community, this Center Hall Colonial offers the perfect blend of traditional charm, flexible living space, and an incredibly convenient location. Centrally located between Colonie and Latham, with easy access to downtown Albany, major highways, shopping, dining, and everyday amenities. Offering nearly 2,400 square feet of above-grade finished space plus approximately 600 square feet of finished lower-level space, this home provides room to live, work, entertain, and grow. The main level features formal living and dining rooms with hardwood floors and detailed moldings, while the heart of the home opens to a spacious kitchen and family room overlooking the private backyard. Custom carpentry, coffered ceilings, hardwood floors, and a gas fireplace create a warm and inviting gathering space. The kitchen is nicely appointed with stainless steel appliances, gas cook top, generous cabinetry, and abundant storage. Upstairs, the over-sized primary suite offers a private retreat with an en suite bath and spacious sitting/dressing room accessed through pocket doors. With minimal investment, this flexible space could potentially become a fourth bedroom. Two additional bedrooms and an updated full bath complete the second floor. The finished lower level adds approximately 600 square feet of versatile space, including a large family/entertainment area, full bath, and two additional rooms perfect for a home office, gym, hobby room, studio, playroom, or storage. With a few personal touches, this well-designed home offers an exceptional opportunity for those seeking space, flexibility, and a convenient location within a welcoming neighborhood. Bishops Gate combines the best of suburban living with easy access to everything the Capital Region has to offer!

32 Greyledge Drive, Albany

401 Greenway, Albany
$445,000
3 Beds ⋅ 3 Baths ⋅ 202622418 MLS
Welcome home to this beautifully updated and well maintained split level home on a private corner lot in the Buckingham Pond neighborhood. The light filled living room is anchored on one end by the gas fireplace that was refaced, and the seller's added bookcases around it with recessed lighting. The gleaming hardwood floors run from the living room into the formal dining room . The kitchen was fully renovated and features ceramic tile flooring, SS appliances, Quartz countertops, subway tile backsplash and the owners added additional cabinetry/storage with a great coffee/breakfast/bar area. The upper level features the primary bedroom suite with a walk in closet and an updated primary bathroom. The top floor also contains 2 additional bedrooms and an updated full bath. The lower level has a bright family room with ceramic tile flooring and is adjacent to a renovated half bath. The family room leads out to a beautiful 3 season screened porch, perfect for morning coffees or evening nightcaps. The family room also has a door into the 2 car garage as well as down to the basement. The basement level contains the laundry area, along with plenty of built in shelving/storage, and a cedar closet. The furnace and central air are approximately 6-8 yrs old. The kitchen has a door out to a big beautiful deck the sellers added, with plenty of room for a grill, and a nice spot for outdoor entertainment. The sellers have added some privacy fencing, and the snaggletooth cedar siding has been well cared for and is naturally bug resistant.

401 Greenway, Albany

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©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated

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