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Park South Multifamily Homes & Duplexes 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.

Home Trends in Park South, NY

Housing Trends

Median Sale Price
$208,250
Median Single Family Sale Price
$208,250
Average Price Per Sq Ft
$132
Last 12 months Home Sales
3
Median List Price
$205,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
30%
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