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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

$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

$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

$745,000
7 Beds 7 Baths 202617020 MLS
Welcome to 100 South Manning Boulevard, a rare opportunity to own a beautifully preserved 1920s brick Colonial on one of Albany's most distinguished and architecturally rich streets. This exceptional residence blends timeless elegance with Moorish-inspired details, showcasing craftsmanship and character seldom found today, from its gracious façade and one-of-a-kind windows to the wrought-iron balcony and refined period touches. Inside, generous, light-filled rooms are designed for both grand entertaining and comfortable everyday living. The first floor offers a welcoming foyer, living and dining rooms, a sunroom, a family room, a well-appointed kitchen, a half bath, and a combined laundry and mudroom, with French doors, a sweeping staircase, and beautifully maintained details creating warmth and sophistication throughout. Upstairs, the serene primary ensuite features remarkable closet space, complemented by three additional bedrooms, including another ensuite, and a full hall bath. The expansive third floor adds three more bedrooms, one ensuite, another full bath, and exceptional flexibility for guests, work-from-home needs, or creative pursuits. Abundant storage, a lovely yard, an inviting front porch, and a rare attached two-car garage enhance everyday convenience, while the prime location near hospitals, shops, dining, and a movie theater offers both elegance and ease, making this a truly gracious and distinguished home of enduring quality.

100 S Manning Boulevard

$523,000
6 Beds 4 Baths 202616010 MLS
Turnkey 3-unit investment opportunity at 64 Elm Street offering strong income potential and flexible owner-occupant options. Property features a common furnace for simplified maintenance, separate laundry hookups in each unit, and a fully fireproofed basement unit compliant with current Albany codes. Owner's/main unit showcases dramatic Italianate charm blended with modern updates--vaulted ceilings, skylight, exposed brick and beams, hardwood floors, wood-burning fireplace, and an updated kitchen with Jenn-Air appliances. Spa-like features include a whirlpool tub and sauna. Enjoy great views, a private patio, and a serene backyard with mature trees and wildlife. Convenient street parking with ample availability nearby and close proximity to the Governors mansion. Ideal for investors seeking cash flow or owner-occupants looking to offset their mortgage with rental income. 3D tour attached.

64 Elm Street

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