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$315,000
6 Beds 2 Baths 202618790 MLS
Updated and spacious two-family home offering excellent rental income potential or an ideal owner-occupied opportunity in a highly desirable, high-demand location. Conveniently situated within walking distance to Albany Medical Center, Albany College of Pharmacy, and Albany Law School. Each unit features 3 bedrooms and 1 full bathroom, providing generous living space. The property has been thoughtfully updated with a new heating system (2 years old), fully renovated flooring and windows (7 years old), fresh interior paint throughout, and brand new refrigerator & stove. The first-floor unit is currently occupied by a dependable month-to-month tenant, while the second-floor unit is vacant--perfect for immediate occupancy or rental at market rate. The attic presents an exciting value-add opportunity, with the potential to be converted into a third unit. Separate water and electrical systems are already in place, making future expansion more feasible. Do not miss this opportunity!

22 Morris Street

$260,000
6 Beds 3 Baths 202618685 MLS
Welcome to this exceptional triplex property located at 313 1st Street in the heart of Albany, NY. This investment opportunity is perfect for both seasoned investors and first-time buyers looking to capitalize on the rental market. Property Features: Units: The triplex consists of three maintained units, each offering its own unique charm and appeal. Size: With a spacious layout, each unit features ample living space, bright natural light, and comfortable bedrooms. Location: Situated in a vibrant neighborhood, this property is conveniently located near local amenities, public transportation, parks, and schools, making it ideal for tenants. Potential Income: With strong rental demand in the area, this triplex presents an excellent opportunity for generating income. Parking: The property includes off-street parking for residents, adding to its convenience and appeal. This triplex is not only a fantastic investment opportunity but also a wonderful place to call home. Whether you're looking to occupy one unit and rent out the others or solely use it as an investment property, 313 1st Street is a must-see. Don't miss your chance to own this prime piece of real estate in Albany!

313 1st Street

$99,000
5 Beds 2 Baths 202618538 MLS
*SHORT SALE* Multi-family property with strong upside potential. Currently configured as two units, featuring a 1-bedroom, 1-bath first-floor apartment and a 2-bedroom, 1-bath second-floor apartment**. The first-floor unit offers the potential to be reconfigured into a 2-bedroom layout, while the basement may provide an opportunity for additional living space or a future apartment, subject to municipal approvals. The property requires substantial renovations, including a new roof, making it an excellent opportunity for investors. Transaction is being professionally negotiated by ARII Solutions, LLC. Buyer shall be responsible for a $7,500 short sale processing fee at closing. Please review the ''Presentation of Offers'' instructions prior to submitting an offer. Property is being sold in its current As-Is condition. Seller and lender approval may be required.

67 Walter Street

$145,000
3 Beds 2 Baths 202618509 MLS
Bold & Investor-Focused The Numbers Work. The Sweat Equity is Yours. Two units. Five garages. Separate utilities. Occupied and cash-flowing from day one. This as-is two-family won't win a beauty contest, but investors who know what they're looking for will see exactly what this is: a value-add opportunity with real bones. Tall ceilings, single-level living in both units, new hot water tanks, and Unit 2 already remodeled with an updated kitchen and bath. Unit 1 features a washer hookup and needs a fresh coat of paint, a new front door and general refreshing. The five garages are a rare income bonus, just note the garage roof will need replacement, already factored into the as-is price. Bring your vision, roll up your sleeves, and let the rental income do the rest.

150 2nd Avenue

$300,000
6 Beds 3 Baths 202618421 MLS
Cash-flowing 3-unit investment opportunity in Albany's historic Mansion District! Fully occupied with reliable tenants, all current on rent, this property generates over $3,300 per month in gross rental income while offering additional upside potential through future rent growth. Each unit features a spacious, nearly identical layout with oversized bedrooms, walk-in closets, enclosed rear porches, and access to a large second-floor rear deck. All three units offer newer kitchens with granite countertops, while two units also feature renovated bathrooms. The property has been well maintained with updated electrical and mechanical improvements, helping keep ownership expenses manageable. Located just moments from the MVP Arena, NYS Capitol, The Egg, Empire State Plaza, downtown restaurants, government offices, and major employment centers, this property is positioned in an area benefiting from continued investment and redevelopment. Adding to the neighborhood's momentum, approved plans next door at 70 Grand Street call for a new community center and office space, bringing additional investment and amenities to the immediate area. Whether you're expanding an established portfolio or seeking your next income-producing asset, this property offers strong current cash flow, long-term potential, and an opportunity to invest in one of Albany's growing neighborhoods.

72 Grand Street

$199,000
6 Beds 2 Baths 202618418 MLS
Excellent two-family opportunity in the heart of Albany. Each floor offers 3 bedrooms and 1 full bathroom, featuring decent-sized bedrooms, a large living room, and a separate dining area for comfortable everyday living. The second-floor unit is currently vacant, making this a great option for owner-occupants or investors looking for immediate rental potential. Conveniently located near CDTA bus lines with easy access to Central Avenue, shopping, restaurants, local services, Downtown Albany, and major Capital Region destinations. Situated on a quiet residential block, this property is ideal for anyone looking for a spacious multi-family home in a convenient Albany location. A great opportunity to add value, generate rental income, or live in one unit while renting the other.

618 Clinton Avenue

$369,900
4 Beds 3 Baths 202618381 MLS
An exceptional opportunity to own a beautifully maintained income-producing brownstone in Albany's highly desirable historic Mansion Neighborhood. This impressive duplex features a spacious main residence offering 3 bedrooms and 2 full bathrooms, along with a charming garden apartment with 1 bedroom and 1 bathroom. Numerous tasteful updates and renovations have enhanced the property's charm while adding clean, modern finishes throughout. Fully furnished and meticulously maintained, this turnkey investment offers both ease of management and strong cash flow. Currently operated as mid-term rentals catering to professionals, this property generates an impressive annual rental income of approximately $55,000. Situated on a double lot with a unique two-car parking lot, this property truly stands out -- a rare and highly valuable feature in this historic neighborhood. Whether you are an investor looking for strong returns or an owner-occupant seeking supplemental income, this one-of-a-kind property offers the perfect blend of historic charm, modern updates, and exceptional investment potential in one of Albany's most sought-after locations. ***Main floor currently left vacant for showings/owner occupant buyer, furniture will be left for the new owner at additional cost.***

43 Myrtle Avenue

$399,000
3 Beds 3 Baths 202618021 MLS
Recently renovated triplex near Albany Medical Center featuring updated interiors and convenient access to hospitals, major highways, downtown Albany, shopping, dining and public transportation. This well-maintained three-family property offers strong rental appeal for both tenants and investors alike. Each unit features a living room, kitchen, dining room, additional flex space ideal for a family room or den, one bedroom and one full bathroom. Two of the three units are currently occupied on month-to-month leases, while the second-floor unit is vacant and ready for an owner-occupant or new tenant. The property offers modern updates throughout, excellent income potential, and low-maintenance appeal. Whether you are looking to expand your investment portfolio or occupy one unit while generating additional rental income, this versatile multi-family property presents a fantastic opportunity in a highly convenient location.

208 Myrtle Avenue

$370,000
4 Beds 2 Baths 202617536 MLS
Calling all investors and owner-occupants! Well-maintained up-and-down Brick Duplex in PRIME LOCATION- each unit featuring spacious 2-bedrooms, 1-bath, large living room & dining. Separate Electric & Gas Meters. First-floor unit currently occupied; second-floor unit vacant and ready for immediate occupancy or rental income. First-floor unit features a decorative faux fireplace in the living room. Both units offer beautiful hardwood floors throughout, large picture windows providing abundant natural light, and open kitchen layouts with adjoining dining areas. Each unit has its own laundry setup -- first-floor unit includes interior basement access with laundry area, while the second-floor unit offers washer/dryer hookups. The second-floor unit vacant-make it your own or set your rent! Situated on an oversized lot for a duplex, this property provides ample parking plus a detached 2-car garage. Located in a highly desirable rental area with close proximity to SUNY Albany, shopping, restaurants, and major conveniences. Added benefit of waste pick up in Albany city! Excellent opportunity for investment or owner occupancy.

13 Fay Street

$249,000
6 Beds 2 Baths 202617519 MLS
Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.

10 Hurlbut Street

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