Zip codes 12206 homes for sale starting at Fifty Thousand Dollars

$295,000 - Albany, NY

631 Washington Avenue Albany, NY - Fantastic owner-occupant opportunity in Albany! This charming duplex, across from Albany High's football field, sits in an area of high rental demand. Featuring historic details like charming built-ins and original hardwood floors, this home exudes character. Spacious bedrooms, freshly steamed carpets, and an inviting front porch add to its appeal. The sturdy construction stands as a testament to quality craftsmanship. The bottom 3-bedroom unit is already rented, providing immediate income, while the vacant top unit is ready for your personal touch. The 3rd floor walkup attic is framed, wired and plumbed for additional living space or 3rd unit (variance needed). Don't miss this solid investment opportunity!

$259,900 - Albany, NY

207 N Allen Street Albany, NY - 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

$224,900 - Albany, NY

320 1St Street Albany, NY - Investor Alert or Live-In Opportunity! Welcome to 320 1st St, a solid brick triplex in the heart of Albany offering incredible versatility and value. This fully rented 3-unit property features a total of 5 bedrooms and 3 full bathrooms, with a mix of one and two-bedroom layouts that appeal to tenants and owner-occupiers alike. Each unit has been well-maintained, and there's opportunity to add your personal touch or increase rents. Separate utilities make for easy management. Whether you're looking to expand your portfolio or live in one unit while the others pay the mortgage, this is a must-see property. Conveniently located near public transit, schools, and shopping.

$219,900 - Albany, NY

497 Washington Avenue Albany, NY - Rare opportunity for a true turnkey investment. Enjoy the best of both worlds with this mixed-use building. The property consists of both residential and commercial space. The 2nd floor unit consists of 2-bedroom 1 bathroom residential apt which is currently leased through May 2025. The first-floor unit is a local tavern. Close to SUNY Albany downtown campus, Washington park and is conveniently located on the bus line. Great opportunity to add to any portfolio! The building is cash flow positive on day one with room to grow in the future. A block away from the new UAlbany downtown campus.

$167,900 - Albany, NY

657 3Rd Street Albany, NY - Spacious 5-Bedroom Home in Albany with Fenced Yard & Back Porch! This charming single-family home offers 5 bedrooms, 2 full bathrooms, & 1,628 sq ft of comfortable living space. This freshly painted home features a bright living room, formal dining area, & a well-equipped kitchen with gas range. Enjoy your morning coffee or unwind in the evening on the cozy back porch overlooking the fully fenced-in yard—ideal for play, pets, & outdoor gatherings. Additional highlights include convenient laundry hook-ups, ample storage space, & a versatile layout to fit a variety of needs. New Vanities, floors, new water line to street & shut off. Don't miss the opportunity to own this affordable gem located close to bus, major roadways, shops, & eateries.

$160,000 - Albany, NY

409 Elk Street Albany, NY - Attention investors! This spacious 3-over-2 duplex is vacant and ready for your finishing touches. Key updates have already been completed, including new windows, updated bathrooms, fresh kitchen flooring, and new electrical. What's left to do? Install new kitchen appliances, a water heater, and a boiler to bring this property to its full potential.

$150,000 - Albany, NY

290 3Rd Street Albany, NY - Investor's opportunity in Albany's West Hill neighborhood! This 5-bedroom, 2-bathroom duplex, built in 1888, offers 2,776 sq ft of living space on a 0.07-acre lot. Auction property. This property may be occupied and the buyer will be responsible for obtaining possession after closing. Do not disturb occupants or trespass.

$149,900 - Albany, NY

44-46 Quail Street Albany, NY - Updated 2-Family with Potential for 3 Units - Prime Albany Location! Incredible investment opportunity in the heart of Albany! This fully updated 2-family home offers the rare potential to convert into a 3-family, maximizing rental income. Enjoy the convenience of off-street parking with a private driveway — a true gem in the city! Bonus: includes a buildable lot at 46 Quail Street — perfect for future development or added value. Don't miss this rare chance to own a high-potential property in a sought-after location!

$119,900 - Albany, NY

478 3Rd Street Albany, NY - WELCOME TO YOUR NEXT INVESTMENT PROPERTY. ROP'S ARE IN PLACE AND PROPERTY IS FULLY RENTED. BOTH TENANTS ARE MONTH TO MONTH. BOTH UNITS ARE 2 BEDROOMS ONE BATH WITH LIVING ROOM AND EAT IN KITCHEN. BASEMENT WAS A UNIT AND COULD BE AGAIN WITH PROPER VARIANCE. HUGE REAR YARD FOR GET TOGETHERS AND RELAXING.

$109,900 - Albany, NY

436 Orange Street Albany, NY - Calling all investors and owner-occupants! This 3-bedroom, 2-bath, 2-story home offers great potential—whether you're looking to live in or rent out for steady income. Highlights include hardwood flooring throughout the first floor, a spacious eat-in kitchen, and a full basement with laundry hookups. Conveniently located near major highways, with excellent public transportation options and easy access to shops, restaurants, and entertainment. This is an as-is foreclosure sale—home needs a bit of TLC, but it's a smart investment at this price point. Will not qualify for traditional financing.

Zip codes 12206 listings for sale

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