Albany Homes under $1 million

Albany Homes under $1 million

Welcome to Albany, New York – a city steeped in rich history and vibrant culture, nestled in the heart of Albany County. As the capital of New York State, Albany boasts a unique blend of old-world charm and modern amenities, making it an ideal place to call home. With its stunning architecture, including the magnificent New York State Capitol and the historic Albany Institute of History & Art, the city is a treasure trove for history enthusiasts and art lovers alike.

Albany is not just about its past; it’s a thriving metropolis with a lively atmosphere. The city is home to numerous parks, including the expansive Washington Park, perfect for outdoor activities and community events. Food lovers will delight in the diverse culinary scene, featuring everything from cozy cafes to upscale dining, showcasing local flavors and international cuisines.

For those seeking a home in this captivating city, Albany offers an array of properties under $1 million, making it an attractive option for families, professionals, and first-time homebuyers. Whether you're looking for a charming historic townhouse, a modern condo with stunning views, or a spacious single-family home in a family-friendly neighborhood, Albany has something for everyone.

With its affordable housing market, excellent schools, and a strong sense of community, Albany presents an exceptional opportunity for anyone looking to invest in real estate. Discover the charm and convenience of Albany – where your dream home awaits!

Newest Albany Homes under $1 million

705 State Street, Albany
$329,900
4 Beds ⋅ 2 Baths ⋅ 12013194 MLS
Nothing to do here but move in! This beautifully renovated 4-bedroom, 2-bath home offers 1,634 square feet of stylish, open and comfortable living space in the heart of Albany. The thoughtfully renovated kitchen is sure to impress, featuring new cabinetry, solid-surface countertops, stainless steel appliances, and modern hardware. Both bathrooms have been beautifully updated with contemporary finishes, including anti-fog mirrors and other stylish touches. The updates continue throughout the home with all-new flooring, new sheetrock, fresh paint, and new lighting, creating a clean, modern feel from room to room. A convenient laundry nook includes a washer and dryer, making everyday living that much easier. With four bedrooms, there is plenty of flexibility for family, guests, a home office, or whatever suits your lifestyle. Step outside to the fenced backyard, complete with a privacy screen and platform deck, an ideal space for relaxing, entertaining, or enjoying your morning coffee. Renovated, refreshed, and ready for you! Come see everything this home has to offer and make it yours. Schedule your showing today!

705 State Street, Albany
11 Cuyler St, Albany
$190,000
3 Beds ⋅ 1 Baths ⋅ 12007371 MLS
Updated 3-bedroom, 1-bath Albany home with new roof, siding, windows, and interior updates. A great opportunity for buyers looking to add their own personal touch and continue making the property their own. Convenient Albany location near shops, dining, transportation, and major roadways.

11 Cuyler St, Albany
no property photo
$391,100
4 Beds ⋅ 1.5 Baths ⋅ 12005876 MLS
Great location. Recently renovated 4-bedroom single family house separate formal dining room and a garden on the adjacent empty lot within walking distance to bus line and shopping. New roof, new appliances, new water heater new electrical wiring and new pipes. Ready to move in.

86 Benson Street, Albany
114 S Lake Ave, Albany
$429,900
5 Beds ⋅ 3.5 Baths ⋅ 12001280 MLS
Timeless Elegance: Late Victorian Townhome Combines Tradition with Today Near Albany's Cherished Washington Park. This handsome 2,893 sq. ft. Late Victorian townhome blends ornate details with modern amenities in the heart of historic downtown Albany. Designed and built by a prominent architect for his own family in 1885, it impresses from the covered front porch with original door through the stunning grand foyer and throughout its three levels of living space each highlighted with period craftsmanship. Period details include: dramatic foyer with statement staircase, mahogany wainscot walls, coffered ceiling, and trim, decorative leaded window, transom windows above all bedrooms doors, three striking fireplaces, hardwood floors, and more. Beyond the character, it also offers Andersen replacement windows throughout, an updated boiler, an elegant tiled modern ensuite bathroom, refinished hardwood flooring and hand-restored intricate millwork. Maintained by one family since 1980, it stands proudly on a corner lot with a spacious backyard just steps from the popular Washington Park, Albany Med, SUNY downtown campus, Albany College of Pharmacy, Albany Law School as well as cultural, retail, entertainment and dining highlights.

114 S Lake Ave, Albany
549 3rd Street, Albany
$175,000
4 Beds ⋅ 2 Baths ⋅ 12001132 MLS
This Albany duplex offers 1,848 sq ft with 4 bedrooms and 2 full baths. Each unit has real breathing space, which is a rare find at this price point. Investors, this one's for you: live in one unit and let the other help cover the mortgage, or add it to your portfolio as a straightforward rental. It's zoned multi-residence and sits on a 3,192 sq ft lot, with quick access to downtown, Washington Ave, and the major routes that make Capital Region commuting easy. Priced where the numbers start to make sense. At $175K, it won't sit long. Schedule your showing today.

549 3rd Street, Albany
479 3rd Street, Albany
$99,000
2 Beds ⋅ 2 Baths ⋅ 11995597 MLS
Investor opportunity, priced to move. This 2-bedroom, 2-bath home needs work throughout and is being sold as-is -- a straightforward value-add project for an investor who wants to build in equity. The property currently has a long-term, reliable tenant in place, providing immediate rental income while you plan improvements. At $99,000, it's an affordable entry point to add to your portfolio.

479 3rd Street, Albany
4 View, Albany
$425,000
5 Beds ⋅ 3 Baths ⋅ 11968987 MLS
With an estimated market cap rate of approximately 11.3%, and an indicated range of 10.2% to 13%, 4 View Avenue presents an attractive multifamily investment opportunity in Albany. This traditional brick property features three separate units, approximately 3,145 square feet of above-grade living space, and separate utilities. Whether you're an experienced investor or looking to owner-occupy while generating rental income, this property offers flexibility and potential. The property consists of a spacious 3-bedroom first-floor unit and two additional 1-bedroom units, each with a full bathroom. The first-floor unit offers a welcoming entry, comfortable living room, generously sized dining room, kitchen, separate laundry room, full bathroom, and three bedrooms. The kitchen includes a refrigerator, wall oven, and dishwasher. Hardwood floors and approximately 9-foot ceilings add character and a spacious feel to the main living areas. One bedroom features a large walk-in cedar-lined closet, providing excellent storage. A full, unfinished basement with exterior/walk-out access provides additional storage and utility space. The basement is equipped with dual sump pumps, including a backup system. The property is designed with separate utilities, including three gas meters, three electric panels, and three separate gas-fired hot water heating systems serving the units. Each electric panel is approximately 100 amps. Public water and public sewer serve the property. The brick exterior and traditional architecture provide timeless appeal, while the three-unit configuration creates practical income-producing potential. Some asbestos is present and will require appropriate evaluation and handling. Conveniently located in Albany, the property provides easy access to shopping, dining, transportation, employment centers, schools, downtown Albany, and the surrounding Capital Region.

4 View, Albany
37 Raymo Street, Albany
$180,000
2 Beds ⋅ 1.5 Baths ⋅ 11985080 MLS
Why rent when you can own? Nothing to do but move in. Well maintained single family home on quiet street. Close to parks, shops, and restaurants. Also close to highways and bus routes. Newer appliances and boiler/hot water tank are 4 years old. Enjoy your morning coffee on your enclosed rear porch or back deck. Showings start Friday, 9/18 ***OPEN HOUSE*** Saturday 10/3 11a-1p

37 Raymo Street, Albany
791-793 Park Avenue, Albany
$250,000
6 Beds ⋅ 2 Baths ⋅ 11975704 MLS
This two-family Duplex is a clean slate for an investor to start fresh with work to be done and tenants to choose! ~ Street parking is easy, Park Ave. is a great street and a great location close to all that New Scotland has to offer...hospitals, restaurants, shopping, you name it! Please reach out to LA1 with any questions. Property taxes forthcoming. Showing time is a go and show, so you're able to get in quickly and easily!

791-793 Park Avenue, Albany
169 Elk St, Albany
$584,000
5 Baths ⋅ 11968354 MLS
call or text (5I8) 573-8OI8 *** Exceptional opportunity to acquire a high-performing, turnkey 5-unit multifamily property in the heart of Downtown Albany. *** 9.2% CAP RATE | $584,000 | 5-UNIT MULTIFAMILY *** Offered at $584,000. This solid brick 5-family property is freshly painted, always rented, and has current Certificates of Occupancy. Located on a quiet street only one block from Center Square, directly behind the Public Library on Washington Ave. *** PROPERTY FEATURES *** • Solid brick 5-family building • Current Certificates of Occupancy through 10/2027 • Freshly painted • All new replacement windows throughout • Owner pays heat and hot water • Tenants pay their own electricity and cooking gas • Separate metering for gas and electric • Boiler heating system in great condition • Hot water heater only a few years old • All mechanical systems are solid • No owner financing *** UTILITIES *** Owner pays heat and hot water. Tenants pay their own electricity and cooking gas through separate metering. The property has one boiler and one hot water heater to maintain, making the heating and hot water systems relatively straightforward for the owner. *** INVESTMENT OPPORTUNITY *** • Strong Financial Yield: Operating at a proven 9.2% Cap Rate, significantly outperforming regional market averages. • Optimal Unit Mix: Five high-occupancy, easily rentable units designed to maximize monthly gross rental potential. • Premium Downtown Location: Steps from State Capital buildings, SUNY Downtown campuses, major hospitals, and the vibrant Lark Street entertainment district. • High Tenant Demand: Excellent walkability provides access to a steady pool of young professionals, state workers, and student renters. *** PROPERTY HIGHLIGHTS *** • Value-Add Potential: Immediate cash flow with room for organic rent growth as leases renew. • Strong Rental History: Low historical vacancy rates with an established and reliable tenant base. • Separate Utilities: Each unit has separately metered gas and electric. Owner pays heat and hot water. • Current C of O: Certificates of Occupancy are current through 10/2027. • Investor Packages: Full rent roll and detailed pro forma available upon request for qualified buyers. *** SHOWING REQUIREMENTS *** Proof of financing required prior to showing. Minimum proof of financing: $125,000. No owner financing.. ***** SHOWING REQUESTS & QUESTIONS: https://www.moreinfo.media/26750b03-4783-4c3e-9c6e-fddc65e6ea67

169 Elk St, Albany
137 Lancaster St, Albany
$514,000
4 Beds ⋅ 4 Baths ⋅ 11651294 MLS
Welcome to this beautifully maintained fully occupied 4 Unit, ideally located in the heart of Albany. Each spacious full-floor unit showcases original architectural details throughout, including stunning marble mantels which highlight the home's historic character. Thoughtful updates enhance both style and functionality, with remodeled kitchens and baths featuring granite countertops, updated flooring, a rubber roof, newer windows, hot water tanks, and much more. The property has also been freshly painted and offers separate utilities for added ease. Conveniently located in the highly sought-after Center Square, Hudson Park, and Washington Park neighborhoods. Just minutes from the State Capitol, downtown government and legislative buildings, Albany Medical Center, Albany Law School, SUNY, as well as restaurants, galleries, and local shops. Ideal for investors seeking a strong addition to their portfolio. Do not miss this rare opportunity in an exceptional location.

137 Lancaster St, Albany
206 N Pearl Street, #102 Unit #102, Albany
$175,000
1 Beds ⋅ 1 Baths ⋅ 11902213 MLS
Experience the perfect blend of historic character and modern living at the iconic Quackenbush School, a beautifully restored 1883 landmark in the heart of downtown Albany. This distinctive one-bedroom, one-bath loft-style condominium showcases dramatic 16-foot ceilings, oversized 11-foot arched windows, and original hardwood floors, creating a bright, open space filled with timeless architectural charm. Freshly painted in crisp white, the interior feels light, airy, and move-in ready. The spacious loft-style bedroom overlooks the living area below, offering a true urban loft feel while maintaining comfort and privacy. Recent updates include a brand-new central heating and air conditioning system and new water heater, providing peace of mind and modern efficiency. Natural light pours through the impressive windows, highlighting the home's unique historic features and open layout. The unit also includes one assigned parking space, ample guest parking, and a private storage area, making everyday living as practical as it is distinctive. Located just steps from the Palace Theatre, Capital Repertory Theatre, downtown restaurants, cafés, entertainment, parks, and the Albany Riverfront, with easy access to major highways, this exceptional condominium offers an unbeatable lifestyle in one of the city's most recognizable historic buildings. Whether you're looking for your first home, a downtown retreat, or a unique investment opportunity, this one-of-a-kind residence delivers the perfect combination of history, style, and convenience. Simply move in and enjoy everything downtown Albany has to offer.

206 N Pearl Street, #102 Unit #102, Albany
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