Cheap homes for sale & real estate in 12238, NY

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ABOUT THIS HOME
Cheap Home for sale in 12238, NY:
Welcome to 149 Lancaster Street, Unit 1, a spacious one-bedroom, 1.5-bath condominium in on of Center Square's most desirable Lower Lancaster neighborhood. Set within a beautiful historic townhouse, this inviting lower-level home blends classic character with comfortable city living. Enjoy generous living spaces, abundant natural light, and the rare benefit of private outdoor garden space--perfect for relaxing, gardening, or entertaining. Ideally located just moments from Washington Park, Lark Street, restaurants, shops, Albany Medical Center, and downtown. A wonderful opportunity to own a distinctive home in one of Albany's most vibrant and walkable neighborhoods.

$275,000

1 bed1 bath2,200 sq ft

149 Lancaster St #1, Albany, NY 12210

Historic townhouse • Built 1884 • Listed 18 days

Listing by Lincoln House Realty

ABOUT THIS HOME
Cheap Home for sale in 12238, NY:
Great opportunity on a 2 family property in Albany! Lots of updates done to the building: Heat, Electric, Roof, Front Porch.

$199,000

8 beds3 baths2,664 sq ft

154 Broad St, Albany, NY 12202

2 family property • Front porch • Updates done

Listing by Gabler Realty LLC

ABOUT THIS HOME
Cheap Home for sale in 12238, NY:
Opportunity awaits at 97 Third Avenue in Albany! This well-maintained two-family property offers the perfect blend of investment potential and owner-occupant appeal in a convenient Capital Region location. Currently occupied and carefully maintained, this property provides immediate value with the flexibility to continue generating rental income or serve as a comfortable owner-occupied home while offsetting your mortgage with tenant income. One of the property's standout features is its rare double lot, providing additional outdoor space, enhanced privacy, and long-term value that is increasingly difficult to find within the city. Whether you're considering future outdoor improvements, expa

$250,000

5 beds2.5 baths1,540 sq ft

97 3rd Ave, Albany, NY 12202

Investment portfolio • 5,227 sq ft lot • Built 1900

Listing by Revision Real Estate

ABOUT THIS HOME
Cheap Home for sale in 12238, NY:
Investor special in Albany! This up-and-down duplex at 402 2nd Street offers a prime value-add opportunity for investors, flippers, or contractors looking for their next rehab project. The property needs extensive renovation throughout, including major interior and exterior updates, but has strong upside potential once restored. Features a traditional duplex layout with separate units, offering future rental income or owner-occupant possibilities. Conveniently located near downtown Albany, schools, parks, and major highways. Bring your vision and tools -- this is a full rehab with serious potential for the right buyer.

$79,900

6 beds2 baths2,300 sq ft

402 2nd St, Albany, NY 12206

Near schools • Near major highways • Near parks

Listing by KW Platform

ABOUT THIS HOME
Cheap Home for sale in 12238, NY:
Great investment property. Turn key 4 unit. New appliances in all units. Hardwood floors in all units. Off street parking for 3 plus cars. All tenants month to month and paying .

$365,000

7 beds4 baths3,368 sq ft

499 Delaware Ave, Albany, NY 12209

Off street parking • Investment property • New appliances

Listing by Red Door Realty NY Inc

Property at 39 Alexander St, Albany, NY 12202, 2 beds, 1 bath

$169,000

2 beds1 bath1,344 sq ft

39 Alexander St, Albany, NY 12202

Listing by Salisbury Real Estate Services

Property at 308 Delaware Ave, Albany, NY 12209, 3 beds, 2 baths

$169,900

3 beds2 baths1,485 sq ft

308 Delaware Ave, Albany, NY 12209

Listing by Realty Resource Connection

Property at 233 S Swan St, Albany, NY 12202, 4 beds, 2 baths

$275,000

4 beds2 baths2,016 sq ft

233 S Swan St, Albany, NY 12202

Listing by Realty One Group Key

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

$249,999

3 beds3 baths1,368 sq ft

72 Bassett St, Albany, NY 12202

Listing by CapMark Realty LLC

Property at 173 2nd Ave, Albany, NY 12202, 4 beds, 1.5 baths

$169,999

4 beds1.5 baths1,720 sq ft

173 2nd Ave, Albany, NY 12202

Listing by Gucciardo Real Estate Group LLC

Property at 824 2nd St, Rensselaer, NY 12144, 3 beds, 1.5 baths

$200,000

3 beds1.5 baths1,416 sq ft

824 2nd St, Rensselaer, NY 12144

Listing by HS Capital Realty LLC

Property at 247 Quail St, Albany, NY 12203, 3 beds, 3 baths

$269,900

3 beds3 baths2,208 sq ft

247 Quail St, Albany, NY 12203

Listing by Lincoln House Realty

Property at 1453 1st St, Rensselaer, NY 12144, 6 beds, 3 baths

$325,000

6 beds3 baths2,175 sq ft

1453 1st St, Rensselaer, NY 12144

Listing by KW Platform

Property at 88 Woodlawn Ave, Albany, NY 12208, 6 beds, 2 baths

$299,000

6 beds2 baths2,228 sq ft

88 Woodlawn Ave, Albany, NY 12208

Listing by New Scotland Realty

Property at 88 Ontario St, Albany, NY 12206, 6 beds, 3 baths

$275,000

6 beds3 baths2,420 sq ft

88 Ontario St, Albany, NY 12206

Listing by GROUP TWENTY SIX NY LLC

Property at 290 3rd St, Albany, NY 12206, 5 beds, 2 baths

$100,000

5 beds2 baths1,876 sq ft

290 3rd St, Albany, NY 12206

Listing by Darby Real Estate of New York Inc

Property at 446 2nd Ave, Albany, NY 12209, 5 beds, 2.5 baths

$290,000

5 beds2.5 baths1,697 sq ft

446 2nd Ave, Albany, NY 12209

Listing by Redway Realty LLC

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 212 Ontario St, Albany, NY 12203, 5 beds, 2 baths

$314,900

5 beds2 baths2,042 sq ft

212 Ontario St, Albany, NY 12203

Listing by The Property Shop

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 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 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 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 511 Morris St, Albany, NY 12208, 5 beds, 2 baths

$274,900

5 beds2 baths2,103 sq ft

511 Morris St, Albany, NY 12208

Listing by Venture Fox Realty Group 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 404 Delaware Ave, Albany, NY 12209, 3 beds, 2.5 baths

$329,000

3 beds2.5 baths2,425 sq ft

404 Delaware Ave, Albany, NY 12209

Listing by BA 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 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 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 118 N Allen St, Albany, NY 12203, 4 beds, 2 baths

$280,000

4 beds2 baths1,924 sq ft

118 N Allen St, Albany, NY 12203

Listing by Jannah Realty LLC

Property at 333 Mountain St, Albany, NY 12209, 3 beds, 1 bath

$210,000

3 beds1 bath1,236 sq ft

333 Mountain St, Albany, NY 12209

Listing by Realty One Group Key

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 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 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

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Based on information submitted to the MLS GRID as of Sat Aug 29 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 12238

There are currently 134 cheap homes for sale in 12238. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 12238 every 15 minutes.

Find your dream home in 12238 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 12238 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 12238. If you're looking to sell your home in the 12238 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 12238 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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