Cheap homes for sale & real estate in 12232, NY

Cheap Home for sale in 12232, NY:

Great investment or owner-occupied opportunity in Rensselaer! This spacious 2-family offers a 2BR/1BA first-floor unit (1,255 sq. ft. ) and 3BR/1BA second-floor unit (1,219 sq. ft. ), generating $26,400 in current annual gross rental income. First-floor bath updated in 2023 with in-unit washer/dryer. Separate gas heat and electric, plus off-street parking for both units. Conveniently located near the bus line, Rensselaer Amtrak station, Regeneron and downtown Albany. Solid income in place with significant value-add and future income potential.

Cheap Home for sale in 12232, NY:

When this home was built, it was part of an area where many of Albany's well-to-do residents lived. Today, it sits in the shadow of the Governor's Mansion, still in use, adding to the significance of the location. As the name suggests, the property overlooks a wonderful park out back, giving tenants great views from the yard and even better ones from their balconies. There's also a great alley behind the property, offering convenient access and additional space. Much of the original detail remains inside, including the woodwork and floors, while the exterior offers strong curb appeal. You can almost imagine what life was like on this street during the Victorian era, with horse-drawn carriag

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.

Cheap Home for sale in 12232, NY:

Well-maintained two-family property offering a fantastic opportunity for investors or those looking to expand their portfolio! Featuring beautiful hardwood floors throughout both units, this property combines charm with solid investment potential. The upper unit is currently rented $1500 on a one-year lease, providing immediate rental income. Enjoy reasonable pricing, low taxes, and the potential to add a strong income-producing property to your portfolio. Don't miss this opportunity!