Albany, NY Multifamily Homes & Duplexes for Sale

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  /25

  $240,000

  • 4 Beds
  • 2 Baths
  • 1,888 Sq Ft

  17 N Lake Ave, Albany, NY 12203

  Well-maintained two-family home located directly across from the University at Albany's Downtown Campus, with easy access to public transportation right on the bus line. Each floor features a spacious 2-bedroom, 1-bath layout with separate utilities and month-to-month leases in place. The upstairs unit currently rents for $1,296 per month (see agent remarks), while the downstairs unit rents for

  

  Heather Casaw

  COLDWELL BANKER PRIME PROPERTIES

  (518) 299-5028

  17 N Lake Ave, Albany, NY 12203
• Explore Albany

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  /18

  $379,999

  • 4 Beds
  • 3.5 Baths
  • 2,200 Sq Ft

  149 Dove St, Albany, NY 12202

  Fantastic opportunity to own a townhouse style 2 family near center square in albany. This beautiful building features a spacious 2 story apartment with 3 bedrooms and 2.5 baths and a basement unit with 1 bedroom and 1 bath. Perfect for both an investor looking to build their portfolio or an owner occupant looking for a great home to live in while collecting rent.

  Stephen McCormick

  Empire Real Estate Managment LLC

  (518) 735-6160

  149 Dove St, Albany, NY 12202
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  /17

  $379,999

  • 3 Beds
  • 2.5 Baths
  • 1,806 Sq Ft

  177 Lancaster St, Albany, NY 12210

  Don't miss the opportunity to own this beautiful brick 2 family home in center square Albany. This townhouse rental features a 1st and 2nd floor apartment coupled with a updated garden apartment. Fully rented and ready for the next owner to add this to their portfolio. Can be sold as a package with other center square properties.

  Stephen McCormick

  Empire Real Estate Managment LLC

  (518) 900-7391

  177 Lancaster St, Albany, NY 12210
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  /42

  $550,000

  • 6 Beds
  • 4 Baths
  • 2,352 Sq Ft

  34 Commodore St, Albany, NY 12205

  Beautifully maintained two-family, side-by-side duplex in Colonie! Each unit features 3 bedrooms /1.5 baths, full basement, generous living area, and an updated kitchen. Enjoy a spacious backyard perfect for outdoor activities. Both units were left vacant on purpose to sell, but were generating ~$2,100 per month. Ideal for an owner-occupant or investor. Off-street paved parking accommodates 2-3

  Trent Tibbitts Tibbitts & Co Realty

  34 Commodore St, Albany, NY 12205
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  /18

  $829,900

  • 12 Beds
  • 6 Baths
  • 6,360 Sq Ft

  948 Washington Ave, Albany, NY 12203

  You don't have buildings like these come on the market often! Family built and owned this well cared for 6 unit has been nicely updated and maintained all it's life. Located minutes to hospitals, shopping, Harriman Campus and Nano Tech. The apartments boast generous size rooms, multiple closets, hardwood floors on upper levels and nice appliances. Lower level units have waterproof flooring. Upper

  Terry Weinman Coldwell Banker Prime Properties

  948 Washington Ave, Albany, NY 12203
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  /20

  $829,900

  • 12 Beds
  • 6 Baths
  • 6,360 Sq Ft

  950 Washington Ave, Albany, NY 12203

  You don't have buildings like these come on the market often! Family built and owned this well cared for 6 unit has been carefully updated and maintained all it's life. Located minutes to hospitals, shopping, Harriman Campus and Nano Tech. The apartments boast generous size rooms, multiple closets, hardwood floors on upper levels and nice appliances. Lower level units have waterproof flooring.

  Terry Weinman Coldwell Banker Prime Properties

  950 Washington Ave, Albany, NY 12203
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  /43

  $234,900 Open Sun 12PM - 2PM

  • 6 Beds
  • 2 Baths
  • 1,606 Sq Ft

  348 1st St, Albany, NY 12206

  A great, completely renovated multi-family Home just hit the market. This house is perfect for owner owner-occupant or an Investment. With an estimated monthly rental amount of $3000, the property offers significant value as an investment asset. The current owner went above and beyond to make necessary updates to maximize the home's appeal and long-term durability. These renovations include the

  Diju Rahman Dimension Realty Solution LLC

  348 1st St, Albany, NY 12206
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  /17

  $350,000

  • 6 Beds
  • 2 Baths
  • 2,382 Sq Ft

  343 Madison Ave, Albany, NY 12210

  Perfectly situated in Albany's vibrant Center Square neighborhood, just a short distance to Washington Park, the Empire State Plaza, and neighborhood cafés and shops, this charming brick duplex blends character with convenience. Each unit has been thoughtfully updated over the years and features stainless steel appliances, a dishwasher, and stackable washer/dryer. Enjoy the rare bonus of two

  Kyle Wall Rooted Property Group LLC

  343 Madison Ave, Albany, NY 12210
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  /15

  $227,000

  • 4 Beds
  • 2 Baths
  • 2,051 Sq Ft

  860 Washington Ave, Albany, NY 12203

  This house is being sold as is. Great Investment opportunity. Come see this amazing duplex, large rooms,., hardwood, and close to the bus line.

  Katie Bondi Hunt ERA

  860 Washington Ave, Albany, NY 12203
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  /10

  $549,000

  • 5 Beds
  • 4.5 Baths
  • 2,608 Sq Ft

  113 S Lake Ave, Albany, NY 12208

  Proudly Family Owned since 1982 & nestled in the heart of Albany, 113 S Lake Avenue is a well maintained four unit property offering 'Old Charm' & excellent long term investment potential. The spacious first floor apartment features 2 bedrooms & 1 1/2 baths ideal for an owner occupant or a premium rental. The upper levels include 3 additional one bedroom, one bathroom apartments, each

  Robert Bradley Miuccio Real Estate Group

  113 S Lake Ave, Albany, NY 12208
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  /16

  $345,000

  • 6 Beds
  • 3 Baths
  • 2,584 Sq Ft

  544 Washington Ave, Albany, NY 12203

  24-hour advance notice for showing requests. Great location - convenient to everything. Close to U-Albany and downtown.- off street secure parking. New roof w/warranty. Newer furnace and hot water tank. Apartments are updated with long term tenants! Please call ahead to coordinate showings

  Michael Pandolfo Miranda Real Estate Group, Inc

  544 Washington Ave, Albany, NY 12203
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  /35

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,760 Sq Ft

  97 West St, Albany, NY 12206

  MULTIPLE OFFER DEADLINE SATURDAY 11/15 AT 3PM Looking for an investment property? This over under duplex offers a 10 Cap with the stability of long-term tenants - upstairs has been there for 30 years and downstairs has been there for 10 years - and a net operating income of $15k per year and has been lovingly maintained. Conveniently located just walking distance to the U Albany downtown campus,

  Rebecca Cavalieri Gabler Realty, LLC

  97 West St, Albany, NY 12206
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  /40

  $385,000

  • 5 Beds
  • 2 Baths
  • 2,356 Sq Ft

  85 S Pine Ave, Albany, NY 12208

  Fantastic opportunity in Albany's historic Pine Hills neighborhood. This well-maintained two-family sits on a quiet, tree-lined street close to shopping, colleges, and hospitals—ideal for owner-occupants or investors alike. The first-floor unit features hardwood and ceramic tile floors, three bedrooms, a full bath, kitchen, and rear den. The current tenant has renewed through April 2027,

  Nicholas Miuccio Miuccio Real Estate Group

  85 S Pine Ave, Albany, NY 12208
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  /20

  $379,900

  • 3 Beds
  • 3 Baths
  • 2,784 Sq Ft

  385 Washington Ave, Albany, NY 12206

  Great opportunity to own this well maintained beautiful historic three-family in Albany. Conveniently located across from Suny Albany downtown campus and walk distance to Washington Park. Original architectural features inside out, private rear porch for each unit. Perfect for owner occupy or investment.

  Jennifer Gao-Bosley J & A Capital Realty

  385 Washington Ave, Albany, NY 12206
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  /26

  $379,900

  • 9 Beds
  • 2 Baths
  • 2,506 Sq Ft

  573 Washington Ave, Albany, NY 12206

  ATTENTION INVESTORS & HOMEOWNERS! Welcome to 573 Washington Ave, a spacious two-family home in excellent condition, perfectly situated in a prime location. Meticulously maintained and completely move-in ready, this property is ideal for both owner-occupants and investors seeking strong rental potential. Both units are vacant, with the first-floor apartment offering five generous bedrooms and the

  Md Hoq Realty One Group Key

  573 Washington Ave, Albany, NY 12206
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  /44

  $385,000

  • 6 Beds
  • 2 Baths
  • 2,800 Sq Ft

  874 Warren St, Albany, NY 12208

  Exceptional opportunity to own a large, well-maintained two-family home conveniently located in Albany's desirable Pine Hills neighborhood. This property is within walking distance to local hospitals, schools, shopping, and public transportation—ideal for both owner-occupants and investors alike. Each unit features three bedrooms, one full bath, a spacious living room, formal dining room, and a

  Ramiz Turan KW Platform

  874 Warren St, Albany, NY 12208
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  /24

  $424,900

  • 6 Beds
  • 3 Baths
  • 3,300 Sq Ft

  350 Madison Ave, Albany, NY 12210

  Fantastic investment opportunity in sought-after Center Square! This triplex has been updated throughout and is turnkey. The numbers work for an investment property or owner-occupy and have the tenants cover much of the mortgage! Basement unit is 1 BR, 1st floor unit is 2 BR's and 2nd/3rd floor unit is 3 BR's. Each unit features 1 full bath and all living areas and bedrooms have ceiling fans.

  Matthew Kupiec Empire Real Estate Firm LLC

  350 Madison Ave, Albany, NY 12210
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  /84

  $2,800,000

  • 12 Beds
  • 10 Baths
  • 10,000 Sq Ft

  162 Jefferson St, Albany, NY 12210

  Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon

  John DiBlasi DiBlasi Real Estate

  162 Jefferson St, Albany, NY 12210
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  /24

  $254,900

  • 6 Beds
  • 2 Baths
  • 2,512 Sq Ft

  189 Quail St, Albany, NY 12203

  This two-family property offers strong income potential, with the first-floor unit currently rented at $1,500/month and the second-floor unit vacant and move-in ready. Each unit features separate utilities (owner pays water/sewer/trash), generous layouts, and access to a coin-operated washer and dryer in the basement.Conveniently located near SUNY Albany, Washington Park, Empire State Plaza,

  Amanda Penrose Coldwell Banker Prime Properties

  189 Quail St, Albany, NY 12203
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  /5

  $174,900

  • 4 Beds
  • 2 Baths
  • 1,711 Sq Ft

  15 Oneida Terrace, Albany, NY 12209

  Discover the potential in this duplex on a quiet street just minutes from Albany Medical Center, with long-term tenants already in place. The property offers strong upside potential as rents are currently below market. Featuring separate utilities and some updated mechanicals, it's ideal for investors or owner-occupants looking to add value. A great opportunity to own a conveniently located,

  Philip Wagner Wagner Real Estate Group

  15 Oneida Terrace, Albany, NY 12209
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  /48

  $124,900

  • 5 Beds
  • 2 Baths
  • 2,665 Sq Ft

  221 Livingston Ave, Albany, NY 12210

  HANDYMAN DUPLEX, needs total renovation, lower level has had some finishing work done as well - LARGE BACK LOT with off street Parking, Gated drive, Back of house has 1CA Garage with Cathedral Ceilings, Bring this back to life to rent or live in, great opportunity for a nice investment, BEING SOLD AS IS

  Lorrie Bruce Gage Realty

  221 Livingston Ave, Albany, NY 12210
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  /4

  $375,000

  • 12 Beds
  • 2 Baths
  • 2,184 Sq Ft

  145 Quail St, Albany, NY 12206

  Prime SRO Investment OpportunityDiscover a high-performing, fully occupied Single Room Occupancy (SRO) property in the heart of Albany's rental corridor. This 12-room, 11-unit building includes one self-contained studio with a private kitchen and ten additional rooms sharing a common kitchen—ideal for maximizing rental income while minimizing overhead. Consistent Cash Flow This property has a

  Michael Garvin eXp Realty

  145 Quail St, Albany, NY 12206
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  /7

  $185,000

  • 4 Beds
  • 2 Baths
  • 2,036 Sq Ft

  287 1st St, Albany, NY 12206

  Spacious 4-bed, 2-bath, 2,036 sq ft property in a prime walkable Albany location — perfect for investors seeking strong upside. Featuring an open floor plan, tall ceilings, and large windows, this home is ideal for a rental conversion, BRRRR strategy, or resale project. The area's consistent tenant demand and proximity to downtown, shops, and transit make this a high-return opportunity. With the

  Saad Tai Real Broker NY LLC

  287 1st St, Albany, NY 12206
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  /17

  $150,000

  • 4 Baths
  • 4,408 Sq Ft

  269 Spruce St, Albany, NY 12210

  Blank slate here formally used as a church. With 2000+ sf on each floor turn into apartments or use commercially or have a really large single family home. It is commercially zoned so it can be mixed use. Good bones but it needs renovation.

  Steve Davis Realty Resource Connection

  269 Spruce St, Albany, NY 12210
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  /20

  $335,000

  • 6 Beds
  • 2.5 Baths
  • 2,658 Sq Ft

  62 Summit Ave, Albany, NY 12209

  Welcome to 62 Summit Avenue — a well-maintained two-family home offering classic Albany charm with excellent investment potential. Perfect for owner-occupants or investors alike, this property sits on a quiet tree-lined street in the heart of the desirable Delaware Avenue neighborhood. Each spacious unit features three bedrooms, one full bath, and the 2nd Floor has an additional half bath. Plenty

  Christopher Torncello Empire Real Estate Firm LLC

  62 Summit Ave, Albany, NY 12209
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  /33

  $229,900

  • 6 Beds
  • 2 Baths
  • 2,238 Sq Ft

  358 2nd St, Albany, NY 12206

  A fantastic two-family investment property with positive cash flow is available in Albany. The second-floor unit has been recently repainted, providing a refreshed and updated appearance. The second floor is vacant. It would be perfect for owner-occupied or investment. Each unit features three bedrooms and one bathroom, complete with hardwood flooring throughout. The large living rooms in both

  Diju Rahman Dimension Realty Solution LLC

  358 2nd St, Albany, NY 12206
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  /15

  $685,000

  • 11 Beds
  • 7 Baths
  • 4,080 Sq Ft

  205 Ontario St, Albany, NY 12203

  Opportunity awaits as this large, remodeled Albany 5-unit building on a corner lot with private 3 car garage and parking lot hits the market! This would make for a perfect student rental being so close to U Albany! There are separate utilities and the building features multiple 5-bedroom 2 bath apartments a 4-bedroom apartment and multiple 1-bedroom apartments! Each unit boast fully renovated

  Wayne Newcomb Newcomb Realty Group LLC

  205 Ontario St, Albany, NY 12203
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  /39

  $1,125,000

  • 15 Beds
  • 10 Baths
  • 7,488 Sq Ft

  51 Elm St, Albany, NY 12202

  This stunningly updated brick building features ten units and is situated in the desirable Mansion District of Albany, an area known for its historic charm and proximity to essential amenities. The property is conveniently located near several colleges and hospitals, making it an ideal choice for students and healthcare professionals alike. The units comprise a thoughtful mix of two-bedroom

  Robert LaDuke Laviano & Associates Real Estate Group

  51 Elm St, Albany, NY 12202
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  /33

  $399,900

  • 7 Beds
  • 2 Baths
  • 2,252 Sq Ft

  81 N Main Ave, Albany, NY 12203

  This property features two spacious flats with plenty of charm and updates throughout. The first-floor unit offers central air, a generous dining room and living room with and kitchen with appliances. Enjoy relaxing on the rebuilt front porch featuring durable Trex decking. The second-floor unit boasts three bedrooms, a large front porch perfect for morning coffee, and a full walk-up attic

  Ramiz Turan KW Platform

  81 N Main Ave, Albany, NY 12203
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  /29

  $249,900

  • 5 Beds
  • 3 Baths
  • 2,640 Sq Ft

  211 Clinton Ave, Albany, NY 12210

  This ''all brick '' Albany Triplex is an incredible opportunity for a solid investment yielding high rents, or perfect for owner occupy. Loads of updates made, including Garden level/1st floor conversion from electric heat to gas, 2nd floor complete renovation including kitchen cabinets, sink, countertops, and backsplash. Bath w/ new sink, cabinets, refinished shower tile, vanity . New flooring,

  Dorothy Jones Howard Hanna Capital Inc

  211 Clinton Ave, Albany, NY 12210
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  /47

  $624,900

  • 5 Beds
  • 4 Baths
  • 2,750 Sq Ft

  142 Chestnut St, Albany, NY 12210

  Welcome to this beautifully renovated 4-bedroom, 3-bath residence featuring a separate 1-bedroom, 1-bath garden apartment in Center Square. The main home offers a light and airy feel with a spacious living room and bright windows throughout. The stunning kitchen is equipped with quartz countertops, soft-close cabinets, and a large island with a built-in cooktop and extra storage, perfect for

  Robert Saumell Jr. KW Platform

  142 Chestnut St, Albany, NY 12210
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  /11

  $145,000

  • 5 Beds
  • 3 Baths
  • 2,640 Sq Ft

  64 Clinton St, Albany, NY 12202

  Back on Market .Cash Flowing income property featuring two units, each with separate utilities .Includes a fenced Yard ,and a basement for storage . Close to Highway and convention center. Property sold as is Cash only.

  Qiu Qin Zheng Gilcrest Properties

  64 Clinton St, Albany, NY 12202
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  /38

  $759,900

  • 6 Beds
  • 7 Baths
  • 4,940 Sq Ft

  324 Hudson Ave, Albany, NY 12210

  ALL RENTS ARE BEING RAISED BY 10% Solid stone structure/ very well maintained. 7 unit in the highly desirable Center Square neighborhood. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year.The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under

  Melissa Hems Crystal Coleman Realty LLC

  324 Hudson Ave, Albany, NY 12210
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  /33

  $300,000

  • 6 Beds
  • 3 Baths
  • 1,524 Sq Ft

  538 Hamilton St, Albany, NY 12203

  Pre inspected property, located in Albany's Pine Hills neighborhood, has been meticulously maintained, fully rented and continuously owned by the same family for many years. It offers convenient access to public transportation and is in close proximity to several parks, including Ridgefield Park, Woodlawn Avenue Park, and Bleecker Stadium. A new roof was installed in 2009. Each unit has gas

  Joan Taub Berkshire Hathaway Home Services Blake

  538 Hamilton St, Albany, NY 12203
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  /27

  $415,000

  • 8 Beds
  • 2.5 Baths
  • 4,870 Sq Ft

  178A Delaware Ave, Albany, NY 12209

  Welcome to this massive duplex in the heart of Albany featuring over 4,800 SF of living space! Each spacious unit offers 4 bedrooms—one with 1.5 baths and the other with 1 full bath. Both units are currently rented with long-term tenants in place, providing strong and stable income. Updates include a roof less than 10 years old, newer flooring, newer water heaters, and some newer windows. The

  Alex Cooley Compass Greater NY, LLC

  178A Delaware Ave, Albany, NY 12209
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  /72

  $375,000

  • 9 Beds
  • 4 Baths
  • 3,200 Sq Ft

  292 Catherine St, Albany, NY 12209

  Fantastic investment opportunity in the heart of Albany! This vacant triplex offers three spacious 3-bedroom units — one with 2 full baths and two with 1 full bath each. The property has seen valuable updates including a roof less than 10 years old, newer flooring, and some newer windows. Each unit is bright, well-maintained, and ready for immediate occupancy — perfect for investors or

  Alex Cooley Compass Greater NY, LLC

  292 Catherine St, Albany, NY 12209
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  /16

  $274,900

  • 8 Beds
  • 2 Baths
  • 2,040 Sq Ft

  517 Hamilton St, Albany, NY 12203

  Renovated two-family residence situated just steps to Washington Park, downtown State & Legislative buildings, University of Albany downtown campus, Albany Medical Center & St.Peter's Hospital, galleries, libraries, museums, notable eateries, shops & an array of nightlife. Classic features adorned throughout such as high ceilings, original built-ins & over-sized windows. One of the bedrooms in

  Colin McDonald McDonald Real Estate Comp LLC

  517 Hamilton St, Albany, NY 12203
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  /21

  $349,900

  • 7 Beds
  • 4 Baths
  • 2,217 Sq Ft

  391 Washington Ave, Albany, NY 12206

  Here is your chance to own an income producing property with rents totalling $4,100/month. The second and third floors have been completely redone, with updated kitchens and new flooring. The boiler has been well maintained and there is a coin operated washer and dryer for extra income and tenant convenience. Come and see this truly turn key property before it is gone!

  David Greco David C. Greco

  391 Washington Ave, Albany, NY 12206
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  /29

  $194,900

  • 4 Beds
  • 2 Baths
  • 1,920 Sq Ft

  596 3rd St, Albany, NY 12206

  This fantastic multi-family property is ready for a new owner and is perfect for either owner-occupied or investment. The fully renovated building consists of two units, each featuring 2 bedrooms and 1 bathroom. The spacious living room can easily be converted into a third bedroom if desired. Enjoy the beautifully refinished hardwood floors, as well as the brand-new forced air heating systems

  Diju Rahman Dimension Realty Solution LLC

  596 3rd St, Albany, NY 12206
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  /35

  $208,000

  • 6 Beds
  • 2 Baths
  • 2,668 Sq Ft

  857 Livingston Ave, Albany, NY 12206

  Come take a look at this super spacious two family with large three bedroom units each with with over 1300 sq ft. Washer hookup in each unit along with lots of closet space. Updated windows, newer kitchens and baths and a new rubber roof. Unit one has month to month tenant and unit two is freshly painted and ready to rent or owner occupy. Separate utilities, close to highways and just around the

  Elizabeth Foley-Vondell Howard Hanna Capital Inc

  857 Livingston Ave, Albany, NY 12206

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Why Live in Albany

Albany's cultural scene centers around the iconic Empire State Plaza, where visitors can take in panoramic views from the Corning Tower Observation Deck and attend performances at The Egg's distinctive venue. The New York State Museum showcases the state's rich history through extensive exhibits, while the historic Palace Theatre hosts year-round concerts and shows. Outdoor enthusiasts can explore the unique ecosystem at Albany Pine Bush Preserve or bike along the Albany County Helderberg-Hudson Rail Trail. The restaurant scene features upscale dining at Yono's, known for Indonesian-American fusion, and 677 Prime's premium steakhouse experience.

The housing market includes diverse options across several neighborhoods. Pine Hills features single family homes with a median price of $250,000, while Loudonville's single family homes command a median price of $455,000. The median price for single family homes in Delaware Avenue is $245,000, and Buckingham Lake-Crestwood homes have a median price of $348,000. One-bedroom condos in Albany have a median price of $153,000, while two-bedroom condos have a median price of $205,000.

Albany's cost of living sits 5% above the national average. A family with school-age children needs an annual salary of $111,000 to live comfortably, while renters should aim for $60,000. The property tax rate is 1.89%, lower than nearby Troy at 2.19% and Schenectady at 2.46%. Education options include highly rated public schools like Bethlehem Central Middle School and private institutions such as The Doane Stuart School, rated A+. The city's location provides easy access to major northeastern cities, with New York City 2.5 hours away and Boston reachable in 3 hours.

Learn more about living in Albany

Home Trends in Albany, NY

On average, homes in Albany, NY sell after 18 days on the market compared to the national average of 53 days. The median sale price for homes in Albany, NY over the last 12 months is $310,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$310,000

Median Single Family Sale Price

$314,000

Median Townhouse Sale Price

$275,000

Median 2 Bedroom Sale Price

$218,500

Median 1 Bedroom Sale Price

$147,000

Average Price Per Sq Ft

$214

Number of Homes for Sale

135

Last 12 months Home Sales

957

Months of Supply

1.70

Median List Price

$299,900

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

3%