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221 Lancaster Street, 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

28 1st 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

328 Western Avenue, 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

304-308 Clinton Avenue, 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

341-345 Clinton 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

11 Ten Broeck Street, 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

197 Lark 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

83 Central Avenue, 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

101 S Pine Avenue, 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

162-170 Jefferson Street, 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

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

201 Park 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

402 Broadway, 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

342 Hamilton Street, 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

117 4th Avenue, Albany
$445,900
10 Beds ⋅ 3 Baths ⋅ 202620596 MLS
Attention investors and house-hackers! Welcome to 117 4th Ave, an all-brick triplex in downtown Albany offering an incredible $5,100 estimated monthly gross rent roll. This cash cow features a high-occupancy layout with 10 total bedrooms spread across 3 incredibly spacious apartments. Every single unit has been previously beautifully remodeled with newer windows, durable luxury vinyl plank (LVP) flooring, updated kitchens, modern bathrooms, and separate, newer mechanicals. All three units' tenants pay their own heat, hot water, electric & gas. This property offers the ultimate house hack opportunity. You can move into one unit and let the other two pay your mortgage, or rent out all three to maximize your portfolio's ROI. Both vacant units feature a fresh coat of paint and are primed for immediate tenant occupancy. Because two of the units are currently vacant, scheduling showings is a breeze. With its low-maintenance brick exterior that was just recently repointed, separate utilities, and strong rental demand, this property is a rare find. Don't miss out - schedule your tour today before it's gone!

117 4th Avenue, Albany

246 Lenox Avenue, Albany
$630,000
9 Beds ⋅ 4 Baths ⋅ 202620262 MLS
Welcome to 246 Lenox Avenue, an extensively improved home offering approximately 4,355 square feet of living space in Albany's sought-after Buckingham Pond neighborhood. With 9 bedrooms, 4 full bathrooms, two primary suite options, dedicated office space, and a flexible floor plan, this home offers exceptional versatility for a variety of living arrangements. The main level features a full bathroom and 3 bedrooms, including a spacious primary suite with a large walk-in closet. Expansive living and dining spaces flow seamlessly into the renovated kitchen and family room. Upstairs, you'll find 6 additional generously sized rooms, including a second primary suite, an additional full bathroom, and abundant closet and storage space. Improvements include a renovated kitchen, updated bathroom, replacement windows, owned solar panels, generator, two-zone heating and cooling, Trex deck, interior and exterior paint, and a retaining wall. Combining size, functionality, and major capital improvements, this is a rare opportunity in one of Albany's most desirable neighborhoods. This is Home!

246 Lenox Avenue, Albany

640 Morris Street, Albany
$425,000
10 Beds ⋅ 3 Baths ⋅ 202620165 MLS
Discover this stunning three-story 2-family home in the desirable Pine Hills neighborhood of Albany. Meticulously cared for by the same owners for over a decade, this property showcases pride of ownership at every turn. Both units feature gleaming hardwood floors, brand-new kitchens equipped with premium Bosch appliances, and beautifully updated bathrooms with high-end finishes. The third floor has been thoughtfully converted into versatile additional living space complete with its own full bath -- perfect for an extended family, home office, or extra rental income. Additional highlights include: • New windows throughout with custom faux wood blinds. • Updated electrical and plumbing systems • A clean, dry basement with coin-op laundry • Proven exceptional rental history Whether you're an investor seeking strong cash flow or an owner-occupant looking for an exceptional home with income potential, this turnkey property is a standout. Rarely does a 2-family of this quality become available in one of Albany's most sought-after neighborhoods. Don't miss your chance to own the best the area has to offer.

640 Morris Street, Albany

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