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Park South Homes for Sale

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  • /35

    $339,999

    • 5 Beds
    • 4 Baths
    • 1,994 Sq Ft

    528 Madison Ave, Albany, NY 12208

    Vacant and ready! This classic Albany brownstone sits directly across from Washington Park and just steps to Albany Med, Albany Law, Pharmacy College, and Sage Colleges in the highly walkable Park South neighborhood. A few cosmetic updates needed—perfect for investors or owner-occupants. Incredible potential for furnished short-term rentals targeting traveling nurses, students, and professionals.

    Angela Gonyo Wolf River Real Estate, LLC

    528 Madison Ave, Albany, NY 12208
  • /17

    $1,300,000

    • 20 Beds
    • 12 Baths
    • 6,338 Sq Ft

    106 & 110 Morris St, Albany, NY 12208

    8-units in an unbeatable location! These four, 2-unit buildings boast expansive floor plans, vinyl and carpet flooring, washers & dryers, and modern kitchens with stainless steel appliances and dishwashers. Second floors are 2-bedroom units with open kitchens and vaulted living room ceilings. First floors are 3-bedroom units and capture the entire square footage of the basement as living area.

    Jamie Brayton Rooted Property Group LLC

    106 & 110 Morris St, Albany, NY 12208
  • /10

    $1,299,900

    • 13 Beds
    • 12 Baths
    • 8,200 Sq Ft

    572 Madison Ave, Albany, NY 12208

    Located at 572-574 Madison Avenue, this residential building (2 commercial properties) features 12 well-maintained apartments with $89K NOI. Offering a mix of spacious 1 and 1 2-bedroom units, the property is in a prime location w/ easy access to local amenities, transport, and schools. With strong rental potential and a desirable neighborhood, it represents an excellent investment opportunity.

    John Alund Lincoln House Realty

    572 Madison Ave, Albany, NY 12208
  • /45

    $700,000

    • 8 Beds
    • 5 Baths
    • 4,608 Sq Ft

    552 Madison Ave, Albany, NY 12208

    **CAN BE SOLD AS A PACKAGE WITH 558 MADISON AVENUE** Seize a rare opportunity to own 5 units ideally located on the corner of New Scotland and Madison Avenue directly across from Washington Park and Albany Medical Center. This property is an investor or owner-occupier's dream, standing two stories and containing three 1BD/1BA units and two 2BD/1BA units, floor plan included in documents. One unit

    Samantha Curry New Scotland Realty

    552 Madison Ave, Albany, NY 12208
  • /44

    $631,000

    • 7 Beds
    • 7 Baths
    • 3,496 Sq Ft

    578 Madison Ave, Albany, NY 12208

    Investment opportunity! Across from Washington Park, walk to Albany Med complex or State Plaza. Multiple fireplaces are decorative ONLY - Much original detail -hardwood floors, decorative moldings, alcove, large bay window, skylight, deck. Don't Miss This!

    Mary Jo Cosco Real Estate Source Inc

    578 Madison Ave, Albany, NY 12208
  • /2

    $299,000

    • 6 Beds
    • 3 Baths
    • 1,680 Sq Ft

    4 New Scotland Ave, Albany, NY 12208

    Three family and Two lots available on New Scotland Ave near Albany Medical Center and Washington Park. Next to the hospital's billion dollar expansion, the new YMCA, CVS, Baldini's, Chipotle, Starbuck's and Panera. Residential or commercial opportunity or both. 365 new apartment across the street at premium rents. Off street parking. Unique opportunity.

    Michael McGovern NAI Platform LLC

    4 New Scotland Ave, Albany, NY 12208

Why Live in Park South

Park South in Albany is a neighborhood located between a major park and two medical centers, making it convenient for students, doctors, and hospital employees. The area is highly walkable, with numerous restaurants, bars, and shops just a few blocks away. Lark Street, Madison, and Delaware avenues are key areas for arts and entertainment, featuring cafes, art galleries, and unique shops. Notable dining options include El Loco Mexican Café and Savoy Taproom. Washington Park, adjacent to Park South, hosts the annual Albany Tulip Festival and offers a lakehouse, skatepark, sports courts, and playgrounds. Lincoln Park, nearby, provides city views, tennis and basketball courts, and a historic pool undergoing renovation. The neighborhood is well-connected with CDTA bus routes, bike lanes, and a bike-sharing program. Major highways and Albany International Airport are easily accessible, with the airport being about 10 miles away. Housing in Park South consists mainly of brownstones and turn-of-the-century wood-framed houses, often converted into multi-family units, attracting many young professionals and investors. Parts of the neighborhood are prone to flooding, so potential buyers should inquire about flood risks. The new Capital District YMCA offers fitness facilities, and the Albany Medical Center and Albany Stratton Veterans Affairs Medical Center are significant local employers.

Frequently Asked Questions

Is Park South a good place to live?
Park South is a good place to live. Park South is considered fairly walkable and bikeable with good transit options. Park South has 1 park for recreational activities. It has a median age of 31. The average household income is $67,662 which is below the national average. College graduates make up 52% of residents. A majority of residents in Park South are renters, with 91.3% of residents renting and 8.7% of residents owning their home. A local real estate agent serving Park South can help you decide if this neighborhood is the right one for you. Learn more on our Park South neighborhood guide.
Is Park South, NY a safe neighborhood?
Park South, NY is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Park South?
The median home price in Park South is $244,900. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Park South. The average household income in Park South is $68K.
What are the best public schools in Park South?
The best public schools that serve Park South are:
What are the best private schools in Park South?
The best private schools that serve Park South are:
What are the most popular zip codes in Park South, Albany, NY?
The most popular zip codes in Park South, Albany, NY include 12208, 12210, 12202, 12203 and 12206.
What are the most popular neighborhoods near Park South, Albany, NY?
The most popular neighborhoods near Park South, Albany, NY are Hudson Park, Pine Hills, Central Avenue, West Hill and New Scotland-Woodlawn.
Are home prices dropping in Park South?
Yes, home prices in Park South are down 94% in the last 12 months.

Home Trends in Park South, NY

Housing Trends

Median Sale Price
$19,000
Median Single Family Sale Price
$241,000
Median 1 Bedroom Sale Price
$1,030,000
Average Price Per Sq Ft
$324
Number of Homes for Sale
3
Last 12 months Home Sales
9
Months of Supply
4.00
Median List Price
$244,900
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-92%
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