Albany, NY Multifamily Properties for Sale

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Updated: Jun 24

Duplex with Separate Utility Meters

610-612 Morris Street, Albany, NY 12208

$329,900

2,544 sqft 0.08 AC lot

Large 8‑bed duplex with two separate units (4 beds, 1 bath each)
Recent rents of $4,000–$4,200 per month
Completely separate meters; tenants responsible for gas/electric
Flat 1.3 miles by foot to Albany Med and St. Peter's Hospital
Bus stops about 5 minutes by foot

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Here's a quick look at some key insights for

610-612 Morris Street, Albany, NY 12208

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$29K
Annual
Price @ 7% Cap

$414K
Above asking
Property Type

Duplex
Built 1925

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Updated: Jun 9

Mixed-Use Building with Retail Frontage

260 Washington Avenue, Albany, NY 12210

$2,600,000

25,530 sqft 0.22 AC lot

14 apartments plus 1 large retail space with frontage on Washington Avenue
Completely renovated 11 years ago and currently fully rented
Apartments include hardwood floors, granite, dishwashers, and private in‑unit laundry
Each unit has its own natural gas furnace and central air, with hot water heater and electric panel
Shared lounge or gym space and tenant storage rooms both up and down

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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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Mixed-Use Auto Shop and Apartments

187 Jefferson Street, Albany, NY 12210

$449,777

8,906 sqft 0.21 AC lot

Mixed-use property with an operating auto repair shop plus three apartments needing renovation and dedicated parking.

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Three-Story Apartment Building

29 2nd Street, Albany, NY 12210

$1,075,000

6,600 sqft

Three-story brownstone with 19 rental units plus parking and a three-car garage.

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Turnkey Albany Investment Opportunity

64 Elm Street, Albany, NY 12203

$529,900

3,680 sqft 0.04 AC lot

Three-unit property with income potential and owner-occupant options.

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Updated Brick 6-Unit Apartment Building

190 S Allen Street, Albany, NY 12208

$825,000

3,536 sqft 0.14 AC lot

Remodeled six two-bedroom homes in a solid brick building with separate utilities and electric baseboard heat.

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Duplex with Separate Garden Apartment

339 Hamilton Street, Albany, NY 12210

$445,000

2,280 sqft 0.05 AC lot

Two-unit duplex with a separate 1-bedroom garden apartment and private entrance; main residence has 3 bedrooms and 2 baths.

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Downtown Albany Mixed-Use Investment

82 N Pearl Street, Albany, NY 12207

$1,190,000

10,085 sqft

Fully leased, renovated mixed-use building in downtown Albany.

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Three-Unit Multifamily Building

175 Eagle Street, Albany, NY 12202

$368,000

2,160 sqft 0.04 AC lot

Well-maintained three-unit multifamily with hardwood, ceramic tile, stainless appliances, newer boiler, and in-unit washer/dryer.

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All-Brick Triplex for Residential Income

117 4th Avenue, Albany, NY 12202

$499,900

3,835 sqft 0.05 AC lot

Three remodeled apartments in an all-brick triplex with separate utilities and two currently vacant units for faster occupancy.

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Restaurant and Pub with Patio

4 Clinton Square Unit 4, Albany, NY 12207

$1,700,000

5,400 sqft

Full-service pub and restaurant with large dining, a private party room, and an outdoor patio.

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Two-Unit Duplex With Separate Utilities

5 S Dove Street, Albany, NY 12202

$229,900

2,136 sqft 0.08 AC lot

Well-kept duplex with month-to-month, long-term tenants and separate utilities for each unit.

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Three-Unit Brick Multifamily

210 Western Avenue, Albany, NY 12203

$360,000

2,712 sqft 0.05 AC lot

Well-maintained brick 3-unit property with hardwood floors, shared laundry, and access to a common courtyard.

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Mixed-Use Building with Retail

407 Central Avenue, Albany, NY 12206

$419,900

3,510 sqft

Mixed-use building combining first-floor retail space with two residential units above for diversified income possibilities.

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Residential Income Property with Sunroom

339 Delaware Avenue, Albany, NY 12209

$299,900

2,772 sqft 0.12 AC lot

Spacious 6-bedroom, 2-bath residence with sunroom and flexible layout, positioned on Delaware Avenue in Albany.

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Brick Multifamily Fixer-Upper

13 Lexington Avenue, Albany, NY 12206

$130,000

1,532 sqft 0.03 AC lot

Brick multifamily for complete rehabilitation, sold as-is, with convenient Albany access and cash-offer terms.

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Thirteen Tenant Plaza For Sale

644 Loudon Road, Colonie, NY 12110

$3,900,000

15,375 sqft

Thirteen tenant plaza with retail and apartment units.

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Mixed-Use Bar and Apartments

427 S Pearl Street, Albany, NY 12202

$329,000

5,760 sqft 0.04 AC lot

Turnkey remodeled building with a renovated bar/lounge and two occupied two-bedroom apartments.

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Mixed-Use Residential and Retail Building

260 Washington Ave, Albany, NY 12210

$2,600,000

25,530 sqft

Renovated building with 14 apartments and a retail space fronting Washington Avenue, plus an unfinished basement for potential buildout.

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Albany Two-Family Income Property

88 Elizabeth Street, Albany, NY 12202

$225,000

2,100 sqft

Two-unit property in Albany with strong rental income.

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2-Family Duplex with Private Backyard

354 Second Avenue, Albany, NY 12209

$239,900

2,252 sqft 0.08 AC lot

Well maintained duplex offers two 3-bedroom units, including a vacant, move-in ready upper unit with an enclosed sunroom.

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Albany Warehouse District Investment Opportunity

405 N Pearl Street, Albany, NY 12207

$989,000

9,569 sqft 1.43 AC lot

Three parcels in downtown Albany's Warehouse District for sale.

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Three-Family Residential Income Property

9 Kent Street, Albany, NY 12206

$389,000

2,984 sqft 0.11 AC lot

Well-maintained three-family with two 1-bedroom units and a 3-bedroom unit, plus off-street parking and laundry access.

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Albany, NY Multifamily Properties Market Trends and Statistics

Explore 156 multifamily properties for sale in Albany, NY, showcased through 156 active listings on our real estate platform. These investment opportunities span a total of 460,183 square feet of properties for sale, with an estimated market value of $60,287,676.

Sale prices for multifamily properties in Albany, NY start at $89,900, averaging $412,929, and reaching up to $3,900,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 155K

Population Growth (5Y) +6.9%

Median Household Income $76,899

College Educated 13.9%

High-Yield Neighborhoods for Investment

Identify Albany submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
12202	$281.7K
12206	$284.2K
12201	$296.3K
12209	$358.4K
12203	$367.8K

Listings Trend

New vs delisted commercial listings in Albany County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Albany County

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Albany fall within the 100,000+ square foot range.

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Albany, NY Multifamily Properties for Sale

610-612 Morris Street, Albany, NY 12208

260 Washington Avenue, Albany, NY 12210

204 Lancaster Street, Albany, NY 12201

187 Jefferson Street, Albany, NY 12210

29 2nd Street, Albany, NY 12210

64 Elm Street, Albany, NY 12203

190 S Allen Street, Albany, NY 12208

339 Hamilton Street, Albany, NY 12210

82 N Pearl Street, Albany, NY 12207

175 Eagle Street, Albany, NY 12202

117 4th Avenue, Albany, NY 12202

4 Clinton Square Unit 4, Albany, NY 12207

5 S Dove Street, Albany, NY 12202

210 Western Avenue, Albany, NY 12203

407 Central Avenue, Albany, NY 12206

339 Delaware Avenue, Albany, NY 12209

13 Lexington Avenue, Albany, NY 12206

644 Loudon Road, Colonie, NY 12110

427 S Pearl Street, Albany, NY 12202

260 Washington Ave, Albany, NY 12210

88 Elizabeth Street, Albany, NY 12202

354 Second Avenue, Albany, NY 12209

405 N Pearl Street, Albany, NY 12207

9 Kent Street, Albany, NY 12206

Albany, NY Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Residential Income

Property Size Breakdown

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