Multi Family homes for sale & real estate in 12208, NY

8 homes

Sort:

Recommended

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Rare opportunity to own a 5-unit property in the heart of Pine Hills! Each unit is a 1-bedroom/1-bath efficiency with all utilities included, making it highly attractive to tenants. Just 1 mile from Albany Med and 1 mile from Washington Park, the location offers consistent rental demand and walkability to key amenities. This property delivers a rare 9% cap rate with upside potential to 10%, making it an excellent choice for investors seeking both cash flow and growth.

$430,000

5 beds5 baths2,216 sq ft

538 Myrtle Ave, Albany, NY 12208

Utilities included • 5 unit property • 1 bedroom efficiency

Listing by New Scotland Realty

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Fantastic opportunity in Albany's historic Pine Hills neighborhood. This well-maintained two-family sits on a quiet, tree-lined street close to shopping, colleges, and hospitals—ideal for owner-occupants or investors alike. The first-floor unit features hardwood and ceramic tile floors, three bedrooms, a full bath, kitchen, and rear den. The current tenant has renewed through April 2027, providing secure long-term income. The second-floor unit offers a similar layout with two bedrooms, generous living and dining space, and a bright, open feel. The current lease runs through January 2026. Both units enjoy separate utilities, washer/dryer combos in the basement, and natural gas heat. Ad

$385,000

5 beds2 baths2,356 sq ft

85 S Pine Ave, Albany, NY 12208

Separate utilities • Washer dryer combos • Newer boiler

Listing by Miuccio Real Estate Group

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history

$1,990,000

21 beds18 baths10,263 sq ft

102 S Lake Ave, Albany, NY 12208

Urban location • Off street parking • 18 unit portfolio

Listing by Carrow Real Estate Services LLC

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Great Investment opportunity! Updated Vinyl Plank Flooring, Hardwood Flooring, Vinyl Windows, Updated Electric Panels, Separate Utilities, Close to Albany Med/St Peters Hospitals. Cash Flow and Spacious Units! Off Street Parking and 2 Car Garage.

$270,000

7 beds3 baths2,210 sq ft

514 Morris St, Albany, NY 12208

Hardwood flooring • Vinyl windows • Separate utilities

Listing by McDonald Real Estate Comp LLC

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Dual property portfolio (34-36 Sparkill Ave MLS #202523736) that consists of 10 residential units w/ off-street parking & garages located just steps from every major thoroughfare/bus line, Albany Medical Center, local colleges, downtown State & legislative buildings, Washington Park, popular shopping, notable eateries & so more MORE. Nicely maintained addresses with strong rental income. Updated/remodeled units & minimal expenses make for attractive assets to any beginner and/or seasoned investor. Coin-operated laundry in basement. Nice quiet streets with sidewalks. Excellent Long-term tenants. Turn-key.

$1,349,000

6 beds5 baths2,972 sq ft

287 Myrtle Ave, Albany, NY 12208

Garages • Off-street parking • Quiet streets

Listing by McDonald Real Estate Comp LLC

Property at 264 S Allen St, Albany, NY 12208, 99 beds, 93 baths

$7,500,000

99 beds93 baths65,728 sq ft

264 S Allen St, Albany, NY 12208

Listing by Blue House Companies

Property at 17 Lawnridge Ave Unit 17 & 19, Albany, NY 12208, 6 beds, 3 baths

$538,000

6 beds3 baths2,808 sq ft

17 Lawnridge Ave Unit 17 & 19, Albany, NY 12208

Listing by Vision Real Estate Services LLC

Property at 800 Madison Ave, Albany, NY 12208, 9 beds, 7 baths

$1,995,000

9 beds7 baths6,688 sq ft

800 Madison Ave, Albany, NY 12208

Listing by Blue House Companies

Viewing page 1 of 1

End of results

Nearby homes that match your criteria

NEW 11 HRS AGO

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
House hackers, this is your chance! Step into this renovated vacant duplex in the Heart of Albany, featuring 5 bedrooms and 2.5 baths across two stylish, modern units. Live in one unit and let the other help pay your mortgage — all with separate utilities for ultimate flexibility and easy management. Inside, you'll find fresh finishes, updated kitchens and baths, and move-in-ready spaces. While there's no off-street parking, you'll enjoy a prime location close to public transit, local colleges, shopping, and dining. Turn-key and income-ready, this duplex is the perfect launchpad for your house hacking goals!

$229,900

5 beds2.5 baths2,112 sq ft

24 Delaware St, Albany, NY 12202

Separate utilities • Renovated duplex • Updated kitchens

Listing by KW Platform

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Solid Money Making 2 Family, Month-to-Month long term tenants. Separate Utilities Unit One $1190/month Unit 2 $1370/Month $30,720 annual. Close to Major Highways, Parks & Hospitals. Good Condition

$229,900

6 beds2 baths2,136 sq ft

5 S Dove St, Albany, NY 12202

Close to parks • Close to hospitals • Good condition

Listing by Coldwell Banker Prime Properties

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Turnkey two-family property with two 2-bedroom apartments, both vacant and rent-ready. Ideal for investors or owner-occupants seeking immediate rental income. Each unit features abundance of natural light, hardwood floors, and back porches. The laundry hookup in basement is currently not in use. Slate roof with wood exterior. The walkup attic provides plenty of storage. Separate utilities. Close to bus routes, hospitals, parks, and eateries on Delaware Avenue.

$175,000

4 beds2 baths1,816 sq ft

248 Catherine St, Albany, NY 12209

Natural light • Two family property • Back porches

Listing by Coldwell Banker Prime Properties

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Excellent 2 Family Opportunity in the City of Albany! Beautifully renovated. All utilities separate. Huge Lot. 2 Car Garage. Plenty of off street parking. Upgraded hot water and heat. Utilities separated. Located close to main roads with easy access to local amenities, such as shopping, dining, banking, schools, and state government. Schedule your showing today!

$380,000

4 beds2 baths2,042 sq ft

212 Ontario St, Albany, NY 12203

Off street parking • 2 car garage • Huge lot

Listing by Howard Hanna Capital Inc

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
Investors' money maker. Great sounds foundation works already done. New Windows and Brand new main sewerage line done. Bring your contractors and complete the rest. Great investment for rental or resale. Property sold AS-IS and CASH only.

$119,000

6 beds2 baths1,672 sq ft

265 Elk St, Albany, NY 12206

New windows • 3,049 sq ft lot • Built 1882

Listing by Fave Realty Inc

3D WALKTHROUGH

ABOUT THIS HOME
Multi Family Home for sale in 12208, NY:
MULTIPLE OFFERS - PLEASE SUBMIT BEST & FINAL OFFERS BY SATURDAY at 6:00pm. HUGE POTENTIAL ON MADISON AVE - BRING THIS HISTORIC GEM BACK TO LIFE! Calling all seasoned investors and contractors! This is your chance to breathe new life into a classic Albany triplex situated in a prime Madison Avenue location. While this property requires a comprehensive renovation due to significant water damage sustained from a neighboring building fire, the bones of a masterpiece remain. Bring your flashlight and your vision - Look past the current condition and you will find substantial original character waiting to be restored. The units still retain much of their original hardwood flooring, soaring

$200,000

4 beds3.5 baths3,372 sq ft

335 Madison Ave, Albany, NY 12210

Soaring ceilings • Large yard • 3,049 sq ft lot

Listing by Monticello

Property at Undisclosed address, Albany, NY 12210, 6 beds, 6 baths

$675,000

6 beds6 baths3,564 sq ft

Undisclosed address, Albany, NY 12210

Listing by 518 Realty.Com Inc

Property at 34 Hampton St, Albany, NY 12209, 4 beds, 2 baths

$259,000

4 beds2 baths2,104 sq ft

34 Hampton St, Albany, NY 12209

Listing by Empire Real Estate Firm LLC

Property at 27 N Lake Ave, Albany, NY 12203, 6 beds, 2 baths

$325,000

6 beds2 baths2,364 sq ft

27 N Lake Ave, Albany, NY 12203

Listing by Gallup Property Group LLC

Property at 9 Pennsylvania Ave, Albany, NY 12206, 5 beds, 2 baths

$265,000

5 beds2 baths1,960 sq ft

9 Pennsylvania Ave, Albany, NY 12206

Listing by McDonald Real Estate Comp LLC

Property at 10 Putnam St, Albany, NY 12202, 6 beds, 2 baths

$385,000

6 beds2 baths2,764 sq ft

10 Putnam St, Albany, NY 12202

Listing by KW Platform

Property at 72 Bassett St, Albany, NY 12202, 3 beds, 3 baths

$250,000

3 beds3 baths1,368 sq ft

72 Bassett St, Albany, NY 12202

Listing by CapMark Realty LLC

Property at 249 Quail St, Albany, NY 12203, 3 beds, 1.5 baths

$215,000

3 beds1.5 baths1,472 sq ft

249 Quail St, Albany, NY 12203

Listing by KW Platform

Property at 106 Mcalpin St, Albany, NY 12209, 4 beds, 2 baths

$275,000

4 beds2 baths2,304 sq ft

106 Mcalpin St, Albany, NY 12209

Listing by Schermerhorn Realty Group LLC

Property at 70 Willett St, Albany, NY 12210, 9 beds, 8.5 baths

$830,000

9 beds8.5 baths3,438 sq ft

70 Willett St, Albany, NY 12210

Listing by KW Platform

Property at 343 Madison Ave, Albany, NY 12210, 6 beds, 2 baths

$350,000

6 beds2 baths2,382 sq ft

343 Madison Ave, Albany, NY 12210

Listing by Rooted Property Group LLC

Property at 162-168 Jeffferson St, Albany, NY 12210, 12 beds, 9 baths

$2,800,000

12 beds9 baths10,000 sq ft

162-168 Jeffferson St, Albany, NY 12210

Listing by DiBlasi Real Estate

Property at 189-B Quail St, Albany, NY 12203, 6 beds, 2 baths

$234,900

6 beds2 baths2,512 sq ft

189-B Quail St, Albany, NY 12203

Listing by Coldwell Banker Prime Properties

Property at 15 Oneida Ter, Albany, NY 12209, 4 beds, 2 baths

$174,900

4 beds2 baths1,711 sq ft

15 Oneida Ter, Albany, NY 12209

Listing by Wagner Real Estate Group

Property at 145 Quail St, Albany, NY 12206, 12 beds, 2 baths

$375,000

12 beds2 baths2,184 sq ft

145 Quail St, Albany, NY 12206

Listing by eXp Realty

Multi Family Homes for Sale in 12208

There are currently 8 multi family homes for sale in 12208 at a median listing price of $350K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 12208 stay on the market for 45 days. This map is refreshed with the newest listings in 12208 every 15 minutes.

In the past month, 15 homes have been sold in 12208. In addition to houses in 12208, there were also 2 condos, 1 townhouse, and 13 multi-family units for sale in 12208 last month. 12208 is a moderately walkable zip code in New York with a Walk Score of 60. 12208 is home to approximately 21,628 people and 21,418 jobs. Find your dream home in 12208 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 12208 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 12208. If you're looking to sell your home in the 12208 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 12208 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for 12208, NY

More to explore in 12208, NY

How to buy a house in 12208, NY

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in New York

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

Multi Family homes for sale & real estate in 12208, NY

Multi Family Homes for Sale in 12208

More real estate resources for 12208, NY

Nearby Zip Codes

Cities

Nearby Zip Codes with Multi Family Homes

Nearby Cities with Multi Family Homes

More to explore in 12208, NY

How to buy a house in 12208, NY

Popular Markets in New York