Albany County, NY Multifamily Properties for Sale

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Updated: Aug 17

6-Unit Mixed-Use Building

285 Washington Avenue, Albany, NY 12206

$679,900

5,772 sqft 0.08 AC lot

Six‑unit mixed‑use building with two street‑level commercial spaces
5,772 square feet on a 0.08‑acre lot
Built in 1902 with brick construction
Multi Residence zoning
Central air with public water and public sewer

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Here's a quick look at some key insights for

285 Washington Avenue, Albany, NY 12206

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$59K
Annual
Mortgage

$270K
Feb 2018
Last Sold

Feb 2020
$337K
Property Type

Commercial Office/Residential (Mixed Use)
Built 1900

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Updated: Jul 27

Mixed-Use Property with Bar

162-170 Jefferson Street, Albany, NY 12210

$2,300,000

10,000 sqft 0.03 AC lot

Four adjoining buildings at 162–170 Jefferson Street
Eight apartments plus The Palais Royale Bar & Grill
10,000 square feet on a 0.03‑acre parcel
1,860‑square‑foot open ground‑floor commercial area at 168 Jefferson Street
Full kitchen with halon fire suppression; sale includes the business and all FFE

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Mixed-Use Assemblage with Bar

162-170 Jefferson Street, Albany, NY 12210

$2,300,000

10,000 sqft 0.04 AC lot

Four adjoining buildings combine eight apartments with an operating bar and restaurant business.

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Mixed-Use Property with Bar Apartments

162170 Jefferson Street, Albany, NY 12210

$2,300,000

10,000 sqft

Four connected buildings combine residential units with a restaurant-bar operation and dedicated commercial space.

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Residential Income Duplex with Outbuilding

454-456 Vliet Street, Cohoes, NY 12047

$999,777

3,200 sqft 5.00 AC lot

Two residential houses and a 40' x 60' insulated steel-frame outbuilding on a 5-acre offering in North Colonie School District.

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10-Unit Brick Apartment Building

328 Western Avenue, Albany, NY 12203

$1,499,900

6,020 sqft 0.09 AC lot

Brick multifamily asset in Albany’s Pine Hills neighborhood with radiant natural gas heat and public utilities.

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Corner-Lot Duplex

1 Dowling Road, Albany, NY 12205

$599,000

2,480 sqft 0.45 AC lot

Two three-bedroom units include eat-in kitchens, basement recreation areas, and enclosed front porches.

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Mixed-Use Corner Building

558 Madison Avenue, Albany, NY 12208

$700,000

4,936 sqft

Corner mixed-use building with full first-floor commercial space and three upstairs 1-bedroom units, pending renovation.

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Historic 46-Unit Multifamily Building

201 Park Ave, Albany, NY 12202

$8,750,000

65,000 sqft 1.96 AC lot

Fully renovated, stabilized 46-unit multifamily property in a distinctive historic building, with updated in-unit amenities.

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Updated 6-Unit Apartment Building

299 Quail Street, Albany, NY 12208

$795,000

3,392 sqft 0.09 AC lot

Multifamily property with refreshed units, upgraded building systems, and public water and sewer service.

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5-Unit Apartment Building

552 Madison Ave, Albany, NY 12208

$700,000

4,608 sqft

Two-story property with a mix of one- and two-bedroom apartments near Washington Park and Albany Medical Center.

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Three-Story Duplex Townhouse

90 Madison Avenue, Albany, NY 12202

$325,000

4,002 sqft 0.05 AC lot

Turnkey duplex townhouse currently operating as a short-term rental for the past 2.5 years.

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Mixed-Use Building with Retail and Apartments

204 Lancaster Street, Albany, NY 12201

$599,000

4,123 sqft 0.04 AC lot

Ground-floor retail with two residential apartments above, plus recent capital improvements including HVAC, roof, and hot water system.

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Renovated Four-Unit Quadplex

360 Madison Ave, Albany, NY 12210

$550,000

4,464 sqft

Separate utilities support efficient operations across this four-unit residential property.

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Mixed-Use Residential Building with Retail

260 Washington Avenue, Albany, NY 12210

$2,600,000

25,530 sqft 0.22 AC lot

Renovated multifamily mixed-use building with 14 apartments and one ground-floor retail space with frontage on Washington Avenue.

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Multifamily Apartment Building

518 Hudson Avenue, Albany, NY 12203

$599,000

3,000 sqft 0.21 AC lot

Small multifamily with seven units, off-street parking, and a mix of one- through four-bedroom apartments.

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Mixed-Use Income Building

261 Central Avenue, Albany, NY 12206

$2,149,000

5,952 sqft

Mixed-use property with 7 residential units and 2 commercial spaces, professionally managed, on Albany’s Central Avenue corridor.

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Two-Family Duplex with Student Housing

81 N Allen Street, Albany, NY 12203

$339,900

2,166 sqft 0.09 AC lot

Two residential units include a rented lower apartment and a vacant upper unit with flexible bedroom capacity.

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41-Unit Loft-Style Apartment Building

31 Ontario Street, Cohoes, NY 12047

$6,500,000

48,550 sqft

Renovated residences offer exposed brick, hardwood floors, modern kitchens, and in-unit laundry hookups.

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Four-Unit Property with Slate Roof

677 Washington Avenue, Albany, NY 12206

$435,000

2,664 sqft 0.10 AC lot

Four residential units with hardwood flooring, updated bathrooms, individual mechanical systems, and off-street parking.

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Two-Unit Duplex with Outbuildings

186 Newry Rd, Westerlo, NY 12193

$550,000

3,746 sqft

Legal two-family layout includes flexible living spaces, storage, and outbuildings.

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Mixed-Use Building with Retail Storefront

204 Lancaster Street, Albany, NY 12210

$649,000

4,123 sqft 0.04 AC lot

Ground-floor retail storefront is currently used as a tailor shop, with two residential apartments above.

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Updated 6-Unit Brick Apartment Building

190 S Allen Street, Albany, NY 12208

$825,000

3,536 sqft

Fully updated six-unit brick building with six 2-bedroom units and separate utilities.

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Updated Two-Unit Duplex

1 Mariette Place, Albany, NY 12209

$295,000

1,600 sqft 0.12 AC lot

Two residential units feature individual laundry, hardwood flooring, and off-street parking.

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Albany County, NY Multifamily Properties Market Trends and Statistics

Explore 345 multifamily properties for sale in Albany County, NY, showcased through 345 active listings on our real estate platform. These investment opportunities span a total of 1,306,146 square feet of properties for sale, with an estimated market value of $170,553,443.

Sale prices for multifamily properties in Albany County, NY start at $75,000, averaging $550,172, and reaching up to $8,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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