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$392,000
7 Beds 5 Baths 202614643 MLS
Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.

290 Morton Avenue

$739,900
6 Beds 4 Baths 202614635 MLS
Welcome to 29 Dove Street, a classic Albany 3-unit residence filled with timeless architectural details and inviting living spaces. From the moment you enter, you'll appreciate the high ceilings, original woodwork, and natural light that give this home its unique charm and character. The layout offers comfortable and flexible living space, with generously sized rooms that can be tailored to your lifestyle--whether you're working from home, entertaining, or simply enjoying a quiet retreat in the city. Original features throughout the home provide a beautiful foundation, while still allowing room to personalize and make it your own. Located just steps from downtown restaurants, parks, and the Capitol area, this home offers the perfect blend of historic charm and modern-day convenience. Enjoy walkable access to some of Albany's best amenities while living in a neighborhood known for its character and appeal. A rare opportunity to own a piece of Albany's history and create a space that truly feels like home.

29 Dove Street

$499,800
5 Baths 202614498 MLS
Excellent mixed use opportunity on Albany's historic New Scotland Ave! This property features 4 occupied apts (1 studio/3-1 bed) and showcases an iconic, street-level restaurant space inhabited by a local favorite with a proven track record. Walking distance to community pillars such as St. Peter's Hospital, Albany Med, Sage Colleges, Albany Law School, and many more. Driveway included with property located on Grove Ave. Studio-$475, 2nd flr 1 beds-$875 and $925, 1st flr 1 bed-$725. All below market value with room for improvement! All units are metered separately (electric heat). **Showings will be conducted periodically throughout week in groups, contact LA1 for more info. Restaurant tenant has right of first refusal.** First flr apt will be vacant upon closing. New Pro Forma included in docs.

261 New Scotland Avenue

$545,000
4 Beds 3 Baths 202614479 MLS
Spacious Victorian townhome in Albany's Center Square neighborhood is ''turn key''. Tasteful updates and modern amenities blend nicely with the numerous historic architectural details that remain. The large living room, with period crown moldings, beautiful mantle mirror and marble fireplace, opens into a dining area and updated eat-in kitchen. A perfect floor plan for entertaining!! Large 2nd floor bedroom has charming bay window, gas stove and spacious closet. Washer/dryer conveniently located on second floor. Antique lighting fixtures throughout first and second floor!! Newly renovated basement level is currently being used by owners as additional living space but may be easily converted to an income apartment if desired. Beautifully landscaped back yard. New heat/hot water system (Gas Fired - 2 Zone Laars Mascot 95% Combination Boiler/Hot Water Heater). Neighborhood residential parking permit is $20/year. Property tax includes garbage pickup fee for 2 units ($360/year). School tax does not reflect STAR exemption. Below Grade Finished Area (Garden Level) has been added to Above Grade Finished Area For Total Finished Area of 2,712 sq.ft.

165 Lancaster Street

$589,000
6 Beds 4 Baths 202614261 MLS
PRICE IMPROVEMENT ** Award-Winning 4-Unit in Historic Ten Broeck Triangle** Experience a blend of 19th-century elegance and modern peace of mind at 79 Ten Broeck Street. Originally built in 1872 for James Martin, this stately brick brownstone stands as a testament to Albany's rich architectural history and has been meticulously maintained to the highest standards. **Property Highlights** Proven Quality: Recipient of the *2019 Historic Albany Foundation Preservation Initiative Award* for its comprehensive and thoughtful rehabilitation. Safety & Infrastructure: Fully updated with a complete sprinkler system throughout the building--a rare and valuable safety feature for historic multi-families. Meticulous Interiors: The building is in excellent shape, featuring soaring ceilings, exposed brick walls, and beautifully refinished original wide-plank wood floors that radiate character. Turn-Key Operation: Home to great, reliable tenants who care for their spaces. The property is truly ''plug and play'' for a savvy investor or an owner-occupant looking for a sophisticated urban lifestyle. Investment Potential While the property is currently fully leased and generating steady income, the rents are currently below market value. This provides a clear path for immediate equity growth and increased cash flow through strategic adjustments. Location: The Historic Ten Broeck Triangle Nestled in one of Albany's most charming and historic districts, 79 Ten Broeck is just steps away from: * The vibrant dining and entertainment of Downtown Albany and the Palace Theatre. * Easy commutes to the Capitol, SUNY Albany, and major hospital hubs. Whether you are looking to expand your portfolio with a trophy asset or start your investment journey, this building offers the perfect marriage of historic soul and modern mechanical reliability. Don't miss the chance to own a piece of Albany's history. Contact Craig Cioffi today.

79 Ten Broeck Street

$435,000
5 Beds 4 Baths 202614240 MLS
Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany. With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike. Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns. Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.

138 Lancaster Street

$353,000
6 Beds 4 Baths 202614021 MLS
Highest & Best due by 6pm 3/29 Sunday Well-maintained three-unit property located in the City of Albany, offering strong income potential and owner-occupant flexibility. Total current gross rental income is $2,550/month, with additional upside to $3,450/month when the vacant unit is leased. The first-floor unit features 3 bedrooms and 2 full baths, currently rented at $1,350/month. The second-floor unit offers 2 bedrooms(plus bonus room) and 1 full bath, rented at $1,200/month. The third-floor unit includes 1 bedroom and 1 bath and is currently vacant, with an estimated rental value of $900/month. ROPs are current and up to date. Property is in great condition with hardwood floors throughout and a roof approximately 13 years old. Updated electrical adds to the overall value. Tenants have access to washer and dryer in the basement, off-street parking for up to three vehicles, and a private backyard. Conveniently located just off Delaware Avenue, close to shopping, dining, and public transportation. Directly across from Lincoln Park and tennis courts, and minutes from Albany Medical Center and St. Peter's Hospital. Owner currently pays water, sewer, trash, hot water, and internet. Tenants pay electric, gas, and heat. Property offers views of downtown Albany. Excellent opportunity for investors or owner-occupants seeking immediate income with additional upside.

288 Morton Avenue

$517,575
5 Beds 4 Baths 202613904 MLS
Don't miss out on this beautifully renovated four-unit investment property located in downtown Albany's Capitol District. 3/4 units left vacant so new owner can place tenants and/ or occupy. Ideal for investors or owner-occupants seeking strong upside the property features classic architectural character including high ceilings, original details, and abundant natural light throughout. The buildings four units are comprised of 1 2 bedroom/ 1 bathroom & 3 1 bedroom/ 1 bathroom full floor flats providing a solid foundation for long-term rental strategy. Situated in a convenient downtown location, the property is within close proximity to N. Pearl Street's restaurants, shops & cafes, transportation, and neighborhood amenities, making it attractive for tenants and future appreciation/ resale value. Strong income-producing potential with the ability to increase rents and value through renovations and improved management. Seller is also open to subject to/ seller financing.

79 Columbia Street

$333,300
8 Beds 2 Baths 202613738 MLS
High-performing duplex in Albany, New York with strong in-place rents + extra income from coin-op laundry. A clean, easy-to-underwrite pro forma that works for both investors and owner-occupants (house hack).Both units are currently rented at $1,900/month unit 2 and $1800/Month unit 1 each for total rent of $3,700/month ($44,400/year), plus approximately $1,292/year in laundry income. Total gross income is ~$45.692/year. Operating expenses are straightforward: city + school taxes ($8,181/yr), and owner-paid water/sewer ($1,200/yr) Estimated 10% Cap Rate utilities are tenant-paid (gas/electric); owner pays water/sewer only. Top floor available for showing as per Showing Time instructions. First floor can be shown if further interest.

207 Western Avenue

$429,900
3 Baths 202613709 MLS
Step into your next business venture with a property that's as dynamic as your vision! This unique offering includes five combined lots--852-854 Madison Ave, along with 487-489 and 491 Yates St--providing an expansive footprint in a highly desirable Albany location. The property features a fully gated, asphalt-paved parking lot with convenient handicap-accessible entry at the rear, making it ideal for both clients and staff. Inside, the layout is designed for flexibility and functionality. The first floor offers six private rooms--perfect for offices, treatment spaces, or creative work areas--along with a spacious reception/intake area and two bathrooms. Upstairs, you'll find two large offices, a generous meeting or conference room, additional storage, and another bathroom--giving you room to grow and adapt. Whether you're launching a new concept, expanding your current operations, or investing in a high-potential commercial space, this property delivers the foundation you need. Located in the heart of Albany, it's more than just a space--it's an opportunity to bring your business ideas to life. Bring your vision. Build your future. Make it happen here.

854 Madison Avenue

$440,000
4 Beds 7 Baths 202613653 MLS
Welcome to this bright, newer construction duplex built in 2014. This well maintained property offers modern living with strong investment or owner occupant potential. Each spacious unit offers approximately 1,700 square feet of living space, thoughtfully designed with 2 bedrooms, 2 full bathrooms, and 1 half bath. Enjoy open layouts, abundant natural light, and the convenience of in unit laundry on each floor. Situated on two lots in Albany's townhouse district, this property offers potential for conversion to a three unit, pending approvals. Conveniently located near downtown Albany, major highways, restaurants, and local amenities, this is an excellent opportunity to own a turnkey multifamily property in a growing area.

36 2nd Street

$249,999
5 Beds 2 Baths 202613250 MLS
*BACK ON MARKET PENDING RELEASES - Buyer could not obtain financing at no fault of seller* A spacious and charming townhouse style home nestled in the heart of Albany. This 5-bedroom, 2-bathroom gem is a perfect blend of comfort, style, and modern updates. Situated in a tranquil and quiet neighborhood, this residence offers a serene retreat while being conveniently close to local amenities. Step inside, and you'll be greeted by the spacious living room/dining room and beautifully updated kitchen, boasting modern appliances (stainless steel fridge and stove to be installed soon) and ample cabinet space. The main floor also features a full bathroom for added convenience. Upstairs, you'll find three comfortable bedrooms and a second full bath, while the third floor offers two additional bedrooms, perfect for guests, a home office, or flex space. Recent updates include several brand new windows, new stainless steel appliances, new furnace, fresh sheetrock, paint, and luxury vinyl plank flooring throughout. Outside, enjoy a large backyard ideal for entertaining, gardening, or relaxation, plus the bonus of off-street parking.

29 S Pine Avenue

$550,000
2 Beds 3 Baths 202613165 MLS
Welcome to 78A Willett Street, Albany. This unique and memorable home was created in an 1800's carriage house, it has 3 floors and over 2400sq ft of living space with a garage and 3rd floor patio/deck over looking downtown skyline. The first floor consists of a huge primary suite, with laundry, walk-in closet and updated bath. The second floor has soaring ceilings, and is bright and airy, with skylights, a large picture window, and tons of natural light. A massive chef's dream kitchen with 4X9 Island, white Cafe appliances, tons of cabinets and storage, huge windows and is enviable! This opens up into the living room with cathedral ceilings and floor to ceiling fireplace, built in bookcase with rolling ladder, and an impressive spa-like full bath with stand alone soaking tub and shower. Then the spiral staircase leads you to the 3rd floor loft and deck. This property is full of flex space(s) and has so many possibilities. Make the loft an office or a bedroom, with its own 1/2 bath too. The deck/patio is perfect for watching the fireworks on the 4th, such a cool and unique space. The property has been thoughtfully updated and maintained. There is new on -demand hot water, ductless air conditioning, kitchen, baths, and roof. All you have to do is stop by and fall in love. You have arrived home, with your own garage and additional parking, in Albany, Across from Washington Park, set back from the street. Take the virtual tour or see it in person, you won't be disappointed.

78A Willett Street

$575,000
3 Baths 202613128 MLS
Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors. Fully renovated in 2022 with high-end finishes, this two-story mixed-use property features a turn-key restaurant space on the first floor with approximately 2,022 sq ft of retail/dining area, complete with a full commercial kitchen, 6-burner stove, commercial exhaust hood, dedicated employee and customer restrooms, dining area with entertainment stage, and both front and rear entrances. Ideal for owner-operators or investors seeking a ready-to-run restaurant, tavern, café, or retail concept. The second floor includes a turn-key 2-bedroom apartment with strong rental potential, estimated at $2,000/month, providing additional income and flexibility for owner occupancy or leasing.Situated in a high-demand downtown corridor near the Capitol district, with major revitalization projects underway in surrounding buildings, this property offers both immediate usability and strong future appreciation potential. Perfect for owner-users, restaurateurs, or mixed-use investors seeking a strategic Albany location with built-in income and strong growth prospects. Financials available with signed NDA. Showings by appointment only with 24-hour notice. Qualified buyers and proof of funds required.

165 Madison Avenue

$450,000
12 Beds 4 Baths 202612858 MLS
Multi offer situation. All offers in by Sunday 8PM.Huge brick four unit property. All four apartments are three bedroom one bath flats that include kitchen living room dining room and either laundry hook up in unit or hookup in the basement. Flooring is hardwood on left , luxury vinyl planking on right or sheet vinyl throughout. Shared driveway requires cooperation with the neighbor. The entire building was completely renovated in 2010 and condition in all un its is similar.. All meters are separate except water and sewer. Heating is through Gas forced air furnaces, kitchens include dishwashers. This is a proven multi-family rental, owned renovated and operated by the same owner for 16 years. TurnKey sale, owner financing may be available.

3 Bogart Terrace

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