Refine Search
Sort by
$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

$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

$2,000,000
5 Baths 202527844 MLS
Welcome to this stunning brick church, originally built in 1916 and thoughtfully updated for modern use. Ideally situated just off Central Avenue in Albany, this prime property offers over 20,000 square feet of beautifully finished space. Recent upgrades include a brand-new roof (2025), remodeled bathrooms, new flooring, updated carpeting, and more—making this a true turn-key opportunity. The sanctuary boasts a seating capacity of up to 400, with over 20 versatile rooms throughout the building, including offices, classrooms, and meeting spaces. The property also features a full commercial kitchen and a second, standard kitchen on the upper level, offering exceptional functionality for a variety of uses. Ample off-street parking is available for 50+ vehicles, with additional on-street parking nearby. Whether you're looking for a worship space, community center, or event venue, this historic yet updated property is the one you've been waiting for.

585 Central Avenue

$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

$1,150,000
16 Beds 16 Baths 202410832 MLS
Originally built in 1902 by Alexander Selkirk as a double house, this now rare 16-unit multi residence is situated among one of downtowns most aesthetically pleasing neighborhoods - Washington Park/Madison Ave. Just steps to Albany Medical Center, State & Legislative buildings, popular eateries, galleries, nightlife & much more. Desirable features include original woodwork throughout and fireplaces (now decorative), built-ins, oversized windows, high ceilings, wood floors, SS appliances, arched doorways, antique hardware & MORE. A plethora of recent updates which include replacement of the boiler & water heater/furnace. Most of the units have undergone cosmetic updating which includes new flooring, lighting & paint. On-site laundry.

644B Madison Avenue

©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