Cheap homes for sale & real estate in 12232, NY

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ABOUT THIS HOME
Cheap Home for sale in 12232, NY:
Excellent investment opportunity in Rensselaer! This 3-unit property offers strong cash flow with all units occupied on annual leases. Featuring a total of 9 bedrooms and 3 full bathrooms, the property includes a basement apartment rented for $1,000/month and two upper units each generating $1,400/month, for a total gross monthly rental income of $3,800. Tenants pay their own separate utilities, helping keep operating expenses low and maximizing your return.

$325,000

6 beds3 baths2,175 sq ft

1453 1st St, Rensselaer, NY 12144

3,920 sq ft lot • Built 1900 • Listed 49 days

Listing by KW Platform

ABOUT THIS HOME
Cheap Home for sale in 12232, NY:
Turnkey investment opportunity in Albany! This fully tenant-occupied three-unit property features a total of 6 bedrooms and 3 full bathrooms, providing immediate and consistent rental income. Situated on a rare double lot at 88-90 Ontario Street, this income-producing asset offers added land value and future potential. All units are occupied with established tenants in place, making it an ideal addition to any investor's portfolio.

$275,000

6 beds3 baths2,420 sq ft

88 Ontario St, Albany, NY 12206

Double lot • Established tenants • 2,178 sq ft lot

Listing by GROUP TWENTY SIX NY LLC

ABOUT THIS HOME
Cheap Home for sale in 12232, NY:
Looking for your next project? Look no further! Investor special with strong upside potential! This spacious brick triplex offers a fantastic opportunity for renovation and value creation. Featuring high ceilings, original architectural details, and multiple fireplaces, the home has solid bones and plenty of character ready to be brought back to life. Natural light flows throughout, and the property includes classic elements such as original trim work and exposed brick, offering the perfect canvas for a modern restoration. The property is in need of some renovation and is being sold as-is making it ideal for investors, contractors, or buyers looking to customize a property to their vision.

$269,900

3 beds3 baths2,208 sq ft

247 Quail St, Albany, NY 12203

Multiple fireplaces • Original trim work • Exposed brick

Listing by Lincoln House Realty

ABOUT THIS HOME
Cheap Home for sale in 12232, NY:
Investor opportunity in Albany's West Hill neighborhood. This 5-bedroom, 2-bath duplex was built in 1888 and offers approximately 2,776 sq ft of living space on a 0.07-acre lot. The property provides strong potential for renovation and income production in an established urban location close to downtown Albany, major employment centers, and transportation. Property is being sold at auction.

$100,000

5 beds2 baths1,876 sq ft

290 3rd St, Albany, NY 12206

Income production • 3,049 sq ft lot • Built 1888

Listing by Darby Real Estate of New York Inc

ABOUT THIS HOME
Cheap Home for sale in 12232, NY:
Recently converted two-family home offering an excellent investment opportunity in a convenient Albany location. The first-floor unit features 2 bedrooms, while the second-floor unit offers 3 bedrooms. Recent updates include newer appliances, a beautifully renovated first-floor bathroom, updated plumbing throughout, and polished hardwood floors. The property is fully leased, providing immediate rental income. Conveniently located near shopping, dining, schools, public transportation, and major highways. OPEN HOUSE 7/11 12-1

$314,900

5 beds2 baths2,042 sq ft

212 Ontario St, Albany, NY 12203

Updated plumbing • 0.24 acre lot • 2 garage spots

Listing by The Property Shop

Property at 313 1st St, Albany, NY 12206, 6 beds, 3 baths

$260,000

6 beds3 baths2,100 sq ft

313 1st St, Albany, NY 12206

Listing by Coldwell Banker Prime Properties

Property at 12 Quail St, Albany, NY 12206, 2 beds, 1 bath

$105,000

2 beds1 bath966 sq ft

12 Quail St, Albany, NY 12206

Listing by Kastle Realty LLC

Property at 5 S Dove St, Albany, NY 12202, 6 beds, 2 baths

$229,900

6 beds2 baths2,136 sq ft

5 S Dove St, Albany, NY 12202

Listing by Coldwell Banker Prime Properties

Property at 318 1st St, Albany, NY 12206, 5 beds, 3 baths

$230,000

5 beds3 baths2,100 sq ft

318 1st St, Albany, NY 12206

Listing by Tailored Real Estate Group

Property at 138 Lancaster St, Albany, NY 12210, 5 beds, 4 baths

$435,000

5 beds4 baths2,511 sq ft

138 Lancaster St, Albany, NY 12210

Listing by Premier Homes Elite Realty LLC

Property at 512 East St, Rensselaer, NY 12144, 2 beds, 1 bath

$249,000

2 beds1 bath1,246 sq ft

512 East St, Rensselaer, NY 12144

Listing by Venture Fox Realty Group LLC

Property at 2 Manning Sq, Albany, NY 12206, 5 beds, 2.5 baths

$299,000

5 beds2.5 baths1,955 sq ft

2 Manning Sq, Albany, NY 12206

Listing by Empire Real Estate Firm LLC

Property at 3 Manning Sq, Albany, NY 12206, 9 beds, 2 baths

$299,900

9 beds2 baths1,930 sq ft

3 Manning Sq, Albany, NY 12206

Listing by Empire Real Estate Firm LLC

Property at 38 Westerlo St #1, Albany, NY 12202, 1 bed, 1 bath

$99,000

1 bed1 bath558 sq ft

38 Westerlo St #1, Albany, NY 12202

Listing by Vera Cohen Realty LLC

Property at 208 Myrtle Ave, Albany, NY 12202, 3 beds, 3 baths

$399,000

3 beds3 baths2,850 sq ft

208 Myrtle Ave, Albany, NY 12202

Listing by Sinkoff Realty Group LLC

Property at 281 Sherman St, Albany, NY 12206, 6 beds, 2 baths

$149,999

6 beds2 baths2,290 sq ft

281 Sherman St, Albany, NY 12206

Listing by Tier One Real Estate Pros LLC

Property at 54 Ontario St, Albany, NY 12206, 3 beds, 1 bath

$135,000

3 beds1 bath1,390 sq ft

54 Ontario St, Albany, NY 12206

Listing by Howard Hanna Capital Inc

Property at 68 Bassett St, Albany, NY 12202, 4 beds, 1 bath

$239,900

4 beds1 bath1,614 sq ft

68 Bassett St, Albany, NY 12202

Listing by Scorzafava Real Estate Group LLC

Property at 13 Batcher St, Albany, NY 12202, 4 beds, 2 baths

$289,900

4 beds2 baths1,176 sq ft

13 Batcher St, Albany, NY 12202

Listing by Berkshire Hathaway Home Services Blake

Property at 340 Hamilton St, Albany, NY 12210, 1 bath

$400,000

— beds1 bath2,072 sq ft

340 Hamilton St, Albany, NY 12210

Listing by Empire Real Estate Firm LLC

Property at 408 Elk St, Albany, NY 12206, 6 beds, 3 baths

$248,900

6 beds3 baths2,350 sq ft

408 Elk St, Albany, NY 12206

Listing by Real Broker NY LLC

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

Property at 636 Clinton Ave, Albany, NY 12206, 2 beds, 1 bath

$140,000

2 beds1 bath964 sq ft

636 Clinton Ave, Albany, NY 12206

Listing by Howard Hanna Capital Inc

Property at 4 New Scotland Ave, Albany, NY 12208, 6 beds, 3 baths

$399,000

6 beds3 baths1,920 sq ft

4 New Scotland Ave, Albany, NY 12208

Listing by NAI Platform LLC

Property at 359 Sherman St, Albany, NY 12206

$18,000

Land2,178 sq ft (lot)

359 Sherman St, Albany, NY 12206

Listing by B & L Property Group LLC

Property at 173 Third St, Albany, NY 12210

$12,500

Land4,356 sq ft (lot)

173 Third St, Albany, NY 12210

Listing by NAI Platform LLC

Property at 156.5-158 Livingston Ave, Albany, NY 12210

$39,200

Land0.24 acre (lot)

156.5-158 Livingston Ave, Albany, NY 12210

Listing by NAI Platform LLC

Property at 86-94 N Swan St, Albany, NY 12210

$24,000

Land5,662 sq ft (lot)

86-94 N Swan St, Albany, NY 12210

Listing by NAI Platform LLC

Property at 96-100 Delaware St, Albany, NY 12202

$26,300

Land6,969 sq ft (lot)

96-100 Delaware St, Albany, NY 12202

Listing by NAI Platform LLC

Property at 100 Alexander St, Albany, NY 12202

$14,300

Land1,306 sq ft (lot)

100 Alexander St, Albany, NY 12202

Listing by NAI Platform LLC

Property at 233 Park Ave, Albany, NY 12202

$94,900

Land3,484 sq ft (lot)

233 Park Ave, Albany, NY 12202

Listing by eXp Realty

Property at 149-151 3rd Ave, Albany, NY 12202

$17,500

Land7,405 sq ft (lot)

149-151 3rd Ave, Albany, NY 12202

Listing by NAI Platform LLC

Property at 26-28 Second St, Albany, NY 12202

$19,700

Land6,098 sq ft (lot)

26-28 Second St, Albany, NY 12202

Listing by NAI Platform LLC

Property at 26 & 33 Osborne St, Albany, NY 12202

$15,200

Land3,484 sq ft (lot)

26 & 33 Osborne St, Albany, NY 12202

Listing by NAI Platform LLC

Property at 100-104 3rd Ave, Albany, NY 12202

$34,300

Land7,840 sq ft (lot)

100-104 3rd Ave, Albany, NY 12202

Listing by NAI Platform LLC

Property at 575 Lark Dr, Albany, NY 12210

$260,000

Land1.95 acres (lot)

575 Lark Dr, Albany, NY 12210

Listing by NAI Platform LLC

Property at 563 S Pearl St, Albany, NY 12202

$75,000

Land2,613 sq ft (lot)

563 S Pearl St, Albany, NY 12202

Listing by Renovo Real Estate LLC

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Based on information submitted to the MLS GRID as of Thu Aug 27 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in 12232

There are currently 119 cheap homes for sale in 12232. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 12232 every 15 minutes.

Find your dream home in 12232 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 12232 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 12232. If you're looking to sell your home in the 12232 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 12232 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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