Albany, NY Multifamily Homes & Duplexes for Sale

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  /23

  $499,999

  • 5 Beds
  • 3.5 Baths
  • 3,104 Sq Ft

  115.5 Lancaster St, Albany, NY 12210

  Beautiful brick rowhouse in center square Albany. This historic brick multifamily features 3 units all rented with plenty of charm mixed with modern updates. This turn-key gem is perfect to add to any portfolio or for a potential owner occupant. Can be purchased as a package with other properties as well!

  Stephen McCormick

  Empire Real Estate Managment LLC

  (518) 655-3534

  115.5 Lancaster St, Albany, NY 12210
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  Explore Albany

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  /17

  $399,999

  • 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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  /34

  $165,000

  • 6 Beds
  • 2 Baths
  • 2,056 Sq Ft

  351 2nd St, Albany, NY 12206

  SHOWINGS START MONDAY 8/4. Welcome to 351 2nd St, a duplex in Albany that's ready for its next chapter. Owned by the same family for many years, this property offers two spacious 3-bedroom, 1-bath units—each with a large living room, dining room, and kitchen. Both units are livable as-is, but a little TLC could really make them shine. Whether you're looking to expand your rental portfolio or live

  Thaddeus Jones KW Platform

  351 2nd St, Albany, NY 12206
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  /29

  $269,900

  • 6 Beds
  • 2 Baths
  • 2,736 Sq Ft

  847 Myrtle Ave, Albany, NY 12208

  Looking for your next investment property? Here it is! This 6-bedroom, 2-full bath, two-family home is the perfect opportunity. The home needs some TLC but there's plenty of potential with its old world charm, beautiful architectural detail and hardwood flooring. Conveniently located near shopping and hospitals. Fully occupied with long term tenants. *AGENTS - please see remarks for showings*

  Karen Hannon Gucciardo Real Estate LLC

  847 Myrtle Ave, Albany, NY 12208
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  /26

  $299,900

  • 8 Beds
  • 2 Baths
  • 2,326 Sq Ft

  644 Myrtle Ave, Albany, NY 12208

  This Pine Hills 2 Family Home features updated units with modern finishes. Each unit has a spacious floor plan featuring, hardwood floors, granite countertops, stainless steel appliances, modern kitchens, and modern bathrooms. Each unit was formerly used as student housing. Currently vacant making for a great owner occupied opportunity, or amazing asset where you can put in your very own tenants!

  Giovanni Lisi Empire Real Estate Firm LLC

  644 Myrtle Ave, Albany, NY 12208
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  /19

  $249,898

  • 5 Beds
  • 3 Baths
  • 2,232 Sq Ft

  18 N Allen St, Albany, NY 12203

  Fantastic Investment Opportunity in a Prime Location! This two-family property is ideally situated near Pine Hills Elementary, Busline, the public library, and within walking distance to shops and restaurants. The first-floor unit features 3 bedrooms and 2 full baths and is currently occupied. The second-floor unit is a spacious bi-level with 3 bedrooms (2 on the second floor, 1 on the third) and

  Brian Ward Coldwell Banker Prime Properties

  18 N Allen St, Albany, NY 12203
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  /33

  $269,900

  • 6 Beds
  • 2 Baths
  • 2,600 Sq Ft

  530 N Pearl St, Menands, NY 12204

  Great investment or owner-occupant opportunity in Albany! This well-maintained 2-family home offers two spacious units, each with 3 bedrooms and 1 full bath. The property includes off-street parking and a 4-car garage—an ideal setup for added tenant appeal or personal use. Conveniently located close to shopping, schools, and major highways. Whether you're looking to grow your portfolio or live in

  Paul Friello Coldwell Banker Prime Properties

  530 N Pearl St, Menands, NY 12204
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  /13

  $224,999

  • 8 Beds
  • 2 Baths
  • 3,402 Sq Ft

  24 Quail St, Albany, NY 12206

  Welcome to 24 Quail St — a 3,402 sq ft mixed-use property in Albany's vibrant Pine Hills, VACANT at closing and ready for your vision. The ground floor offers flexible commercial space with hardwood floors and garage bay access. Upstairs are two 4-bed, 1-bath units — one in livable condition, the other a full rehab with major upside. Features include a 4-car garage (needs repairs), newer main

  Derek Greene The Greene Realty Group

  24 Quail St, Albany, NY 12206
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  /41

  $374,900

  • 4 Beds
  • 2 Baths
  • 1,840 Sq Ft

  5 Bacon Ln, Albany, NY 12211

  A great investment opportunity whether you are looking to owner occupy or simply purchase as an investment! Close to Siena College and right in the Heart of Loudonville - this 2 family has a great layout and couldn't be in a better location. 2 BR's and 1 full bath on each unit, deck, fenced yard and very well taken care of by the current owner (occupant).

  Michael Field Field Realty

  5 Bacon Ln, Albany, NY 12211
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  /38

  $299,000

  • 4 Beds
  • 2 Baths
  • 2,132 Sq Ft

  7 Bohl Ave, Albany, NY 12209

  Solid up and down two family in a great are of Albany. Lots of off street parking and great yard for BBQ's. Close to everything. Only built in 1991!!!

  Kareem Jandali Jandali Realty

  7 Bohl Ave, Albany, NY 12209
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  /35

  $339,999

  • 6 Beds
  • 4 Baths
  • 1,988 Sq Ft

  528 Madison Ave, Albany, NY 12208

  Don't miss this rare opportunity to own a vacant 4-family brownstone directly across from Washington Park in the heart of Albany's highly walkable Park South neighborhood. With over 2,900 sq ft of space-including 2,000 sq ft above grade and an additional 900 sq ft below grade-this classic property offers significant income potential and long-term equity growth. Situated steps from Albany

  Angela Gonyo WOLF RIVER REAL ESTATE LLC

  528 Madison Ave, Albany, NY 12208
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  /28

  $339,900

  • 6 Beds
  • 2 Baths
  • 1,980 Sq Ft

  19 Bonheim St, Albany, NY 12204

  Welcome Home to this charming twin-home duplex with 6 BR & 2 Full BA! Ideal for long-term investments & owner-occupants alike with side-by-side units. The market suggests a 38,000 annual gross rental. With a ''New England'' curb appeal with cedar shakes, covered front porch, this property, these townhomes are nestled on a quiet street in Menands with sidewalks to enjoy walks around the

  Katharine Knox Pelletier Sterling Real Estate Group

  19 Bonheim St, Albany, NY 12204
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  /26

  $300,000

  • 7 Beds
  • 2 Baths
  • 2,496 Sq Ft

  7 Wilbur St, Albany, NY 12202

  Huge Brick 3 unit property located in Albany's Mansion Historic District. Hardwood floors throughout 2nd and 3rd floor. Spacious layouts offering a 3 bedroom unit, a 4 bedroom unit and potential to finish the garden level unit - currently framed and is ready to be completed- electrical and plumbing roughed in.Updated doors and windows. Separately metered. Large yard. Lots to offer on a quiet

  Luke Khachadourian KW Platform

  7 Wilbur St, Albany, NY 12202
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  /29

  $299,000

  • 7 Beds
  • 3 Baths
  • 2,340 Sq Ft

  221 Myrtle Ave, Albany, NY 12202

  Attention Investors! Seize this turnkey investment opportunity in Albany's thriving Pine Hills neighborhood. This fully renovated triplex at 221 Myrtle Ave combines modern upgrades with a prime location, delivering strong rental potential with an estimated gross annual rent roll of $56,400. Perfect for investors or owner-occupants seeking rental income in a high-demand market. Situated in

  Nedim Alivodic Laviano & Associates Real Estate Group

  221 Myrtle Ave, Albany, NY 12202
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  /40

  $239,000

  • 5 Beds
  • 2 Baths
  • 2,150 Sq Ft

  236 Quail St, Albany, NY 12203

  Welcome to this one of a kind investment property! Unique two story 4 bedroom apartment on the upper level with an expansive kitchen, open to dining area & cozy living room. Bright and spacious rooms with a lot of storage space, ideal for owner occupant or rental unit. First floor apartment has a one bedroom with hardwood flooring throughout, renovated kitchen with butcher block counter top and

  Binglin Li KW Platform

  236 Quail St, Albany, NY 12203
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  /21

  $255,000

  • 6 Beds
  • 3 Baths
  • 3,960 Sq Ft

  116 Lark St, Albany, NY 12210

  Excellent 3 unit property with wonderful, long-term tenants upstairs that are below market rate. 1st Floor unit was recently rented at $875/mo. Hardwood flooring upstairs. Cute, well-maintained back yard. All units have separate meters for gas & electric. Close to major bus lines, hospitals, state offices, & major highways. Plenty of on street parking.

  Sherry Cavallaro Howard Hanna Capital Inc

  116 Lark St, Albany, NY 12210
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  /27

  $219,900

  • 6 Beds
  • 2 Baths
  • 1,848 Sq Ft

  36 Slingerland St, Albany, NY 12202

  Stop paying rent and start investing in real estate of your own. Close to bus line, Hospitals. 90 &.787 and State Agencies. Great Opportunity to own a 2 Family Home in Albany. Double Lot. New Roof. Maintenance done on Front Porch includes New Windows . New Flooring on the First Floor Apartment. The City put in new sidewalks.. Near Green Tech School. Street Parking In Front. * Rents

  Donna Chow Howard Hanna Capital Inc

  36 Slingerland St, Albany, NY 12202
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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 icome 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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  /16

  $469,900

  • 4 Beds
  • 4 Baths
  • 2,478 Sq Ft

  285.5 Hudson Ave, Albany, NY 12210

  Charming 3-family property at 285.5 Hudson Ave. in Albany's vibrant Center Square. Each unit features ample natural light and separate utilities. Garden unit currently rented for $950. Ideal for owner-occupants or investors. Prime location just steps from Washington Park, Lark Street dining, shops, and entertainment. Strong rental potential in a sought-after historic neighborhood. Recent

  John Alund Lincoln House Realty

  285.5 Hudson Ave, Albany, NY 12210
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  /38

  $350,000

  • 5 Beds
  • 2 Baths
  • 2,688 Sq Ft

  2 Maple Ave, Albany, NY 12208

  Perfect for owner-occupant! This beautifully updated 2-family blends timeless charm w/ modern comfort—featuring wrap around porch, HW floors with detailed in-lay, stained glass windows, stained woodwork & original Victorian-era ''stick & ball'' fretwork. 1st flr unit: 2 bed updated kitchen & remodelled tile bath 2 porches 2nd flr unit: 3 bed with newer eat-in kitchen w dishwasher & remodeled

  Doug Bricker KW Platform

  2 Maple Ave, Albany, NY 12208
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  /30

  $434,900

  • 7 Beds
  • 3 Baths
  • 2,808 Sq Ft

  48 Ormond St, Albany, NY 12203

  Beautiful brick multi family, located in a sought-after neighborhood. Unit 1 could be used as an in-law area with separate entrance, additional family room, bedroom, laundry and bath. Unit 2 large open sunny flat, freshly painted. Seller has made great upgrades with current occupancy certificate, both units are fully rented--1st and- 2nd floor 1 year lease in place. Close to highway access and

  Paula Anne Ross Miranda Real Estate Group Inc

  48 Ormond St, Albany, NY 12203
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  /19

  $164,900

  • 6 Beds
  • 2 Baths
  • 2,043 Sq Ft

  22 1st Ave, Albany, NY 12202

  This 2 family property is perfect for owner occupied or an investment property and is located just steps from Krank Park, the Torino Soccer Field and historic Cherry hill, and is just minutes to the Spectrum 8 movie theater, the Delaware Restaurant and Bar, the Empire State Plaza, MVP arena and Washington Park. Located on a quiet residential street, this home features 2 3-bedroom 1-bathroom flats

  Rebecca Cavalieri Gabler Realty, LLC

  22 1st Ave, Albany, NY 12202
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  /12

  $329,900

  • 6 Beds
  • 2 Baths
  • 2,312 Sq Ft

  260 Partridge St, Albany, NY 12208

  Beautifully remodeled 2 family in the heart of Pine Hills. Stainless steel appliances, solid surface countertops. In unit washer and dryer. 3 bedrooms 1 bath each apartment . Low taxes. Rents could be higher. Currently Rented for $1650 and $1700.

  Adam Gelman BA Realty Group

  260 Partridge St, Albany, NY 12208
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  /18

  $550,000

  • 8 Beds
  • 4 Baths
  • 2,808 Sq Ft

  17 Lawnridge Ave Unit 17 & 19, Albany, NY 12208

  Presenting a rare chance to acquire two interconnected single-family homes, both under the same ownership and sold exclusively as a pair. Both units are 4 bedroom, 1.5 baths. Perfect for investors or those in need of extra living space. This property provides the advantages of rental income along with the option for personal use. Seize this exceptional opportunity today! Sold as is. 17

  Tyler Fronte Vision Real Estate Services LLC

  17 Lawnridge Ave Unit 17 & 19, Albany, NY 12208
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  /19

  $265,000

  • 6 Beds
  • 2 Baths
  • 2,412 Sq Ft

  497 3rd St, Albany, NY 12206

  This turnkey investment has been well-cared for and is ready to turn a profit for its new owner. Both units have been renovated in the last two years, long term tenants in place in both units. Recession-proof cash flow in this duplex. Tenant leases to convey with the sale.Drive by only, do not disturb tenants.

  Scott Varley KW Platform

  497 3rd St, Albany, NY 12206
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  /20

  $995,000

  • 12 Beds
  • 8 Baths
  • 6,108 Sq Ft

  302 Quail St, Albany, NY 12208

  Net Operating Income of $75,000 at a 7.5% Capitalization Rate. Exceptional investment opportunity: 8-unit multi-family property in Albany's sought-after Pine Hills neighborhood. Strong rental history with updated, well-maintained apartments. On-site laundry increases tenant appeal. Prime location—minutes from downtown, Albany Med, Lark Street, universities, and major employers. High-demand area

  Brian Ward Coldwell Banker Prime Properties

  302 Quail St, Albany, NY 12208
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  /15

  $249,900

  • 6 Beds
  • 2 Baths
  • 2,392 Sq Ft

  556 N Pearl St, Menands, NY 12204

  This double lot duplex in North Albany is a rare find, offering spacious units and sold together with the adjacent lots #552 & #554, perfect for parking, green space, or future possibilities. Whether you're an investor or owner occupant, this property offers flexibility, income potential, and a convenient location. Easy access to major highways, public utilities and backs up the Hackett

  Mariana DeLuca Howard Hanna Capital Inc

  556 N Pearl St, Menands, NY 12204
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  /49

  $389,000

  • 6 Beds
  • 2 Baths
  • 2,492 Sq Ft

  38 Harris Ave, Albany, NY 12208

  Fantastic investment opportunity.solid 2 family house located in a very nice area between St. Peter Hospital and Albany Medical Center. Perfect location for professional tenants working in downtown businesses, lease end on 5/1/26 and 7/1/26Open House 7/2/25, 5:30 to 6:30pm

  Ron Xiong M J J Realty

  38 Harris Ave, Albany, NY 12208
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  /26

  $460,000

  • 5 Beds
  • 4 Baths
  • 3,056 Sq Ft

  481 Western Ave, Albany, NY 12203

  Attention Investors! Beautiful 3 Family home located in desireable neighborhood. On Busline and walking distance to restaurants, bars and grocery store. New roof, freshly painted inside and out, wrap around front porch upgraded with composite decking and new railing system. Gleaming hardwood floors just refinished, wonderful architectural details throughout. Huge backyard! Needs new boiler.

  Mike Brown Kearney Brown Realty

  481 Western Ave, Albany, NY 12203
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  /38

  $385,000

  • 5 Beds
  • 3 Baths
  • 2,404 Sq Ft

  359 Second Ave, Albany, NY 12209

  Welcome everyone to this well maintained 3 family home. This investment can become a great opportunity for owner to occupy or to build an investment portfolio. The upstairs unit is currently rented with HUD (section 8), long-term tenant paying $1500 for the 3 bedrooms. The downstairs apartment is occupied for $950. The rare apartment is currently vacant, which can be rented for market value.

  Bryan Permaul Coldwell Banker Prime Properties

  359 Second Ave, Albany, NY 12209
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  /53

  $5,500,000

  • 22 Beds
  • 22 Baths
  • 85,357 Sq Ft

  45 Columbia St, Albany, NY 12207

  The Kennedy at 45 Columbia: +/-85,357 SF Mixed-Use Multifamily Property and Parking Garage. Twenty-two (22) market-rate residential apartment units. One hundred seventy (170) interior heated garage parking spaces. Located in the heart of Downtown Albany, New York. Surrounded by numerous hotels, restaurants, bars & entertainment options. Directly on a public bus line. Renovated in 2021. 100%

  Rudy Lynch Carrow Real Estate Services LLC

  45 Columbia St, Albany, NY 12207
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  /34

  $239,900

  • 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. Both units are currently occupied by excellent tenants. Currently generating rental income of $2750/month but it can be more. Each unit features three bedrooms and one bathroom, complete with hardwood flooring throughout. The large living rooms in both units provide a spacious and inviting atmosphere.

  Diju Rahman Dimension Realty Solution LLC

  358 2nd St, Albany, NY 12206
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  /12

  $675,000

  • 7 Beds
  • 4 Baths
  • 5,420 Sq Ft

  140 Jefferson St, Albany, NY 12210

  Rare opportunity to own a fully updated, semi-detached historic gem! This beautifully restored side-by-side two-unit property (4 units total) blends timeless charm with modern upgrades. Built in the 1810s and recently renovated from top to bottom, the buildings feature new roofs, updated mechanicals, newer electrical and plumbing systems, and fresh exterior paint. Each apartment boasts a unique

  Andrew Freerks Andrew J. Freerks

  140 Jefferson St, Albany, NY 12210
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  /9

  $630,000

  • 13 Beds
  • 7 Baths

  1098 Broadway, Menands, NY 12204

  Multi-Family Package Deal - 6 Units | 1098 & 1100 Broadway, Albany, NY 12204 Listed at: $650,000 13 Beds • 7 Baths • 6 Units (3 in each building) • Built in 1877 Investor's dream! Don't miss this rare opportunity to own two side-by-side multi-family buildings being sold together as a 6-unit package in Albany, right on the border of Menands. These well-maintained properties feature a

  Timothy Lavin LAVIN TIMOTHY J

  1098 Broadway, Menands, NY 12204
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  /11

  $669,000

  • 3 Beds
  • 3 Baths
  • 3,636 Sq Ft

  57 Dove St, Albany, NY 12210

  Multi Use Building with first floor commercial space and three full floor apartments above. A Studio, a One Bedroom and a Two Bedroom apartment. The building was renovated in 2006, with modern updates, including high efficiency forced air heat and air condition in each residential unit. Rents are under market rates. The Laundry has been closed for 3+ years. Tenants pay heat, hot water,

  Michael Heinel Old Albany Real Estate LLC

  57 Dove St, Albany, NY 12210
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  /26

  $385,000

  • 5 Beds
  • 3 Baths
  • 2,880 Sq Ft

  137 4th Ave, Albany, NY 12202

  Take advantage of this fantastic investment opportunity with this meticulously maintained three-unit brick building! Each unit is currently rented, providing immediate income potential. Located in a desirable neighborhood of Albany, this property features:- Three Spacious Units: Each unit includes comfortable living spaces, ample natural light, and functional layouts, making them highly

  George Yhap eXp Realty

  137 4th Ave, Albany, NY 12202
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  /19

  $429,000

  • 5 Beds
  • 3 Baths

  88 Pinewood Ave, Albany, NY 12208

  Welcome to 88 Pinewood Ave. Beautiful 2 Family House with 5 Bedrooms 4 Bathroom with full Basement & 2 Car Garage

  Ashik Sikder Voro LLC

  88 Pinewood Ave, Albany, NY 12208
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  /16

  $239,900

  • 6 Beds
  • 2.5 Baths
  • 2,460 Sq Ft

  278 Morton Ave, Albany, NY 12209

  ***Back on the market***A terrific opportunity to own this two family property in a great Albany location. Right across from a park . Close to the bus line, a short walk to Albany Med Ctr. , Albany Law and Albany College of Pharmacy. Large rooms in each unit. Front and rear porches, large walk up attic, full basement, ''separated utilities'' plus off street parking! Don't miss this one !

  Bill Hannon Howard Hanna Capital Inc

  278 Morton Ave, Albany, NY 12209
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  /11

  $145,000

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

  64 Clinton St, Albany, NY 12202

  Cash Flowing income property 2 Units all Separate Utilities . Fenced Yard, Close to Highway and convention center. Sold As is

  Qiu Qin Zheng Gilcrest Properties

  64 Clinton St, Albany, NY 12202
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  /13

  $259,900

  • 4 Beds
  • 3 Baths
  • 3,630 Sq Ft

  75 1st St, Albany, NY 12210

  Property to be sold as is. This Albany triplex is a great investment opportunity in an ideal Albany location, close to dining, shopping and public transportation. All 3 spacious units are over 1200 sqft, with separate electric meters. Tenants pay utilities separately. Laundry hook up in basement. Photos shown are of unit 1 only. Easy to show!

  Dorothy Jones Howard Hanna Capital Inc

  75 1st St, Albany, NY 12210

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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 32 days on the market compared to the national average of 70 days. The median sale price for homes in Albany, NY over the last 12 months is $320,000, up 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$320,000

Median Single Family Sale Price

$365,000

Median Townhouse Sale Price

$260,000

Median 2 Bedroom Sale Price

$110,000

Median 1 Bedroom Sale Price

$170,000

Average Price Per Sq Ft

$198

Number of Homes for Sale

3

Last 12 months Home Sales

127

Months of Supply

0.30

Median List Price

$334,500

Median Change From 1st List Price

3%

Median Home Sale Price YoY Change

7%