The median home value in Albany, NY is $290,000.
This is
higher than
the county median home value of $239,750.
The national median home value is $308,980.
The average price of homes sold in Albany, NY is $290,000.
Approximately 34% of Albany homes are owned,
compared to 55% rented, while
11% are vacant.
Albany real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Albany real estate agent to arrange a tour today! Learn more about Albany.
Multi-Tenant Office Building with well established tenants. 7.4% Cap Rate. EDPM roof, updated HVAC units, all LED lighting, and located on Public Water. POSSIBLE 2ND MORTGAGE HELD BY CURRENT OWNER IF KEPT ON AS BUILDING MANAGER.
MIXED USE WITH RESIDENTIAL & COMMERCIAL TENANTS. CLASS A+ OFFICE BUILDING. SUPERIOR CONDITION WITH HIGH-END FINISHES. PROFESSIONAL TENANT MIX. SOLID LEASES. GREAT CASH FLOW. EASY ACCESS TO RT 155, I90, I87, DOWNTOWN ALBANY, NANOTECH CENTER, ETC. POSSIBLE 2ND MORTGAGE HELD BY CURRENT OWNER IF KEPT ON AS BUILDING MANAGER. 9 RESIDENTIAL TENANTS & 6 COMMERCIAL SPACES.
1.96 Acres for development on Central Ave. next to the Colonie Fire Dept. Property currently has 3 buildings. Value is in the land for future development. Heavy traffic. Great for medical, office, retail, or any business looking for a couple acres in the heart of Colonie.
The previous home of the historic Harmanus Bleecker Library, 19 Dove St is now offered for sale! This premier Class-A office building situated in the heart of Downtown Albany offering easy access to the NY State Capitol, Empire State Plaza, & a host of other conveniences & government buildings. Occupying a full block between Washington Ave & Spring St, this elegant property provides a clean & professional environment w/ flexible floor plans up to +/- 2800 SF & potential 'build-to-suit' opportunities within. Other building features include an inviting marble lobby w/ soaring ceilings, full elevator access, janitorial services & more! Contact us today w/ questions or to schedule a tour!
This is an incredible opportunity for investors and business owners. For sale are 3 buildings: 255 New Scotland Ave is a mixed use building with a 2-bedroom apartment over a business, 423 Quail St is a commercial space with 3 businesses currently operating, and 419 Quail St is a well cared for 2 family home. These buildings are adjacent and must be sold together. The location of these properties is prime sitting between St Peter's Hospital and Albany Medical Center. This section of Albany is seeing great advancement and is buzzing with consumers. Call to schedule a showing!
Turnkey cash-flowing laundromat with loyal, long-term customers and a strong income history. This proven cash cow is ready for optimization update machines, streamline operations, and unlock serious upside. Bonus: upstairs 1-bedroom apartment currently rented at $650/month, well below market. Renovate for added value or use as owner's unit. Ideal for the savvy investor seeking steady income with room to grow. Great location, solid bones, and high potential make this a smart long-term play. Water approximately $600/yr, utilities $900/month, income running $1200-$2000/week + apt at only $650/month
Unique investment opportunity in the heart of Albany. 3 story mixed used building with off street parking consisting of 1st floor commercial space (most recently used as a successful liquor store) and 2 two floor apartments: a 4 BR 1.5 Bath and a 3 BR 1 Bath. Sale also includes 148 Madison Ave which is the off street 4 car parking space (parcel ID 010100 76.49-2-71). Seller can not make any determinations about age and/or condition of the building and mechanicals. Ideal for the investor buyer with vision, and ahead of substantial development in area of plaza and South Pearl St. Lots of opportunity awaits here! Showings to begin SATURDAY 5/24
Solid commercial/retail building with high vehicle traffic in the city of Albany! Located at the corner of Henry Johnson Blvd and Sheridan Ave., this former gas station includes 3 additional lots (see agent remarks and docs for info) for possible expansion. 2 bays plus office space and additional work area. Plumbing present for bathroom. Underground tanks removed-contact LA for documentation. Showings available M-F 8A-3P. Listing agent or owners will accompany. Zoning C1. MLS #202518035 also available.
Prime Albany opportunity for a small business in need of a shop/warehouse/garage space. Heated space including one bathroom, 10ft. overhead door, and extra storage in attached 12x30. Minutes from I-90, 787, Central Ave., and downtown. Vacant city lot adjacent to building (314 Sheridan Ave.) included and could be developed or converted for additional parking. See agent remarks for parcel #. Showings M-F 8A-3P with listing agent or owner(s) to accompany. MLS # 202518038 also available.
Looking to start or add to your business portfolio this property has 1 commerical space and 4 one bedroom apartment.This property could be a long term income money maker. Being Sold as is. 48 hours notice. Seller is open to reviewing any and all offers in a written contract. Sold as is.
Excellent downtown Albany location for commercial use located across from New York State South Mall Complex. Close proximity to NYS Capitol, I787 and downtown entertainment. Current use is office with spacious suites, plenty of sunshine and storage. Zoned Mixed Use possible to convert to apartments or Air BnB.
Attention Investors !! Looking to start or add to your business portfolio currently being use as a retail clothing store business for sale only. BUILDING NOT FOR SALE .
Incredible Commercial Opportunity in Prime Albany Location! This listing includes 14, 16, and 18 Rapp Rd, totaling 1.28 acres of highly visible and accessible land located just off Washington Ave Ext and minutes from Crossgates Mall, I-87, and I-90. Zoned Commercial/General Business (GB), this property supports a wide variety of development options including retail, office, mixed-use, medical, or hospitality. The existing home at 14 Rapp is a tear-down, giving way to a clean redevelopment slate. With major national retailers, hotels, and offices nearby, this site is perfectly positioned to capitalize on high traffic and area growth. Municipal utilities available at the street. A true investment in Albany's future bring your site plan and start building!
Attention Investors !! Looking to start or add to your business portfolio this is a must see sit back and turn that change into thousands of dollars revenue monthly and yearly. Proof of funding or Pre-Approval before any appointments are confirmed. Sold as is.
+/- 4,380 square foot turnkey diner! Building comes complete with all furniture and fixtures. One hundred-forty (140) seat capacity. Adjacent to approved Tesla sales, repair, and service center. Property has fifty vehicle on site surface parking lot. Great visibility with 191 feet of frontage along Central Avenue with over 42,000 ADTV. Restaurant includes three (3) walk in coolers and two (2) walk in freezers as well as a full basement that offers great storage and expansion opportunity.
This Madison Avenue property in the Albany Pine Hills Neighborhood offers a unique opportunity with a blend of versatile quiet commercial space and/or residential living. The well-maintained building includes an open first floor which is deal for small group gatherings, meetings or design your own use. The updated, move-in ready 2BR/1BA second floor unit provides convenient on-site living or rental income featuring interior & exterior entrances, large bedrooms, gleaming hardwood floors, plenty of natural light and modern amenities. Additional space available in the 3rd floor attic or in the basement. With its prime location, this property offers numerous options: business/office potential, multi generational, group home, rental investment, church - bring your ideas!
ATTENTION INVESTORS! Seize this VERY rare opportunity to own a remarkable & versatile ~43,520 sq ft commercial prop on Albany's bustling Central Ave. This prop offers a multitude of spaces designed to cater to diverse needs. INCLUDES 12+ space parking lot. This expansive building features storefront space & robust road frontage/ fantastic visibility. Inside, a massive office area inc. common spaces, offices, conf. rooms & restrooms, all poised to shine with cosmetic enhancement. At the rear, sits a large warehouse equipped with two loading areas. Above main space, a studded apartment offers a blank canvas. Also included is a multi office space/lounge area(2nd fl). Above warehouse, a former dry-cleaning space awaits its next phase. A don't miss opportunity! See virtual tour. Sold as-is.
The following offering is a unique assemblage of structures and tax lots comprised of 1.85 acres of land and 45,000 square feet of structure. Presently utilized as a religious institution, until recently under whose purview operated a shelter, community residential facility and other temporary residential dwellings, community center and various professional office. Primary frontage facing and vehicular access on Western Avenue (State Route 20), a major gateway to the city. The City of Albany has experienced decade long population growth and is the center of a 1.17 million person metropolitan area. Buoyed in part by the jobs provided by state government, Albany Med, St. Peter's Health Partners, and many institutes of higher education.
Attention Investors ! Looking to start or add to your business porfolio fully rented with long term commerical lease already in place . All showing are 48 hrs notice with prequalified letter or proof of funding. Seller is open to reviewing any and all offers in a written contract. Sold as is.
Mixed use commercial building located in a highly desirable area of City of Albany. Own a whole city block. Can be apartments, auto repair shop or any other kind of commercial business you can think of. Opportunity awaits your dream!!!
Rare business opportunity for an experienced restaurateur or event management firm/caterer in the Albany area. Below market, fully-assignable lease for a 3,655 square-foot, fully operational Restaurant & Bar with significant traffic from major area events. Well-equipped Commercial Kitchen, furniture and fixtures, gorgeous fully stocked marble wrap-around bar, upstairs area with second bar for private events, and outdoor cafe. Restaurant & bar area occupancy of 250, with a seating capacity of 204, including 30 bar stools. There is not a better opportunity in the area for someone looking for a turn-key operation or an accessible location for special events. Call for full details to include equipment list and historical and projected event-driven revenue.
Location, Location, Location ! Don't miss this space. It an unbelievable value in an ideal location. Additional 1000+ office space available if basement was refinished. Large private lot with 28 parking spots. COR Coning allows for endless possibilities and potential.
**INVESTMENT** Amazing Opportunity to own a Mixed Use Building w 800sf on Each Floor. Store Front Retail Space on the first Floor and Office Space (or Apartment) on the Second Floor. Separate Utilities for each. Located in Center Square in the Heart of Albany. Parking Area Across the Street. Walking Distance to the Empire State Plaza, Washington Park and on the Bus line. Newer Boilers and Hot Water Tanks. Rubber Roof Sealed every 2 years. Owner is a licensed Real Estate Agent.
Beautiful Downtown Location, near Capital building, entire building was renovated in 2022. High end- finishes throughout. Ideal for owner user. Close to MVP Arena (Convention center). New revitalization coming to neighboring building and surrounding area. Turn Key 2 bedroom apartment on the second floor . Estimate rents $2000 Six car private parking in the back. Full basement. Turn-key Restaurant With great dining room. Employee restroom and Customer Restroom. full commercial kitchen, entertainment stages & tables. Unit 1 commercial space- 2022 SF Front door entry & Back door. 6 burner stove & commercial exhaust hood, Turn Key Operation! Contact list agent for appt scheduling. Financials available with NDA.
