Cheap homes for sale & real estate in 12240, NY

77 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in 12240, 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.

$439,000

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
Cheap Home for sale in 12240, NY:
Unlock the potential of this multi-family gem in the heart of historic Albany! Featuring off-street parking and a spacious two-car detached garage, this property offers flexibility with the potential to convert into a three-unit residence. Perfectly situated within walking distance to vibrant downtown Albany and conveniently close to bus lines and major highways, this is an investor's dream or an ideal owner-occupied home with rental income potential. Don't miss your chance to own a piece of Albany's rich history!

$145,000

2 beds3 baths1,748 sq ft

84 Grand St, Albany, NY 12202

Three-unit residence • Close to bus lines • Off-street parking

Listing by Signature Premier Realty, Inc

ABOUT THIS HOME
Cheap Home for sale in 12240, NY:
Fully remodeled large 5 bedroom single family home.

$225,000

5 beds2 baths2,109 sq ft

391 Orange St, Albany, NY 12206

3,049 sq ft lot • Built 1909 • Listed 51 days

Listing by 518 Realty.Com Inc

ABOUT THIS HOME
Cheap Home for sale in 12240, NY:
Welcome to this massive duplex in the heart of Albany featuring over 4,800 SF of living space! Each spacious unit offers 4 bedrooms—one with 1.5 baths and the other with 1 full bath. Both units are currently rented with long-term tenants in place, providing strong and stable income. Updates include a roof less than 10 years old, newer flooring, newer water heaters, and some newer windows. The 2nd-floor unit offers central air, and both units feature forced-air natural gas heat. Full basement perfect for storage. Three-phase electric. Conveniently located near major bus lines, schools, and shopping along Delaware Ave. Minutes to Albany Med, St. Peter's Hospital, and quick access to I-7

$415,000

8 beds2.5 baths4,870 sq ft

178A Delaware Ave, Albany, NY 12209

Newer flooring • Newer water heaters • Newer windows

Listing by Compass Greater NY, LLC

ABOUT THIS HOME
Cheap Home for sale in 12240, NY:
Step into History with Modern Possibilities! Welcome to one of the oldest homes in the City of Rensselaer, a triplex full of character and opportunity. Each unit offers a generously sized 1-bedroom layout with separate utilities. The walk-up attic, already roughed in with electrical & plumbing for a 4th unit, offers exciting expansion potential. Enjoy off-street parking, coin-operated laundry in the basement, and breathtaking views of downtown Albany from your porch. Lovingly cared for by the same owner since the 70's, this home combines historic charm with modern convenience. Just minutes from the highway, shopping, and dining, this location makes commuting and daily living easy. A f

$300,000

3 beds3 baths2,232 sq ft

1554 1st St, Rensselaer, NY 12144

Breathtaking views • Historic charm • Triplex

Listing by Tibbitts & Co Realty

Property at 2 Sand St, Albany, NY 12209, 3 beds, 1 bath

$175,000

3 beds1 bath1,252 sq ft

2 Sand St, Albany, NY 12209

Listing by Berkshire Hathaway Home Services Blake

Property at 154 Jefferson St, Albany, NY 12210, 4 beds, 3 baths

$389,900

4 beds3 baths2,970 sq ft

154 Jefferson St, Albany, NY 12210

Listing by Gucciardo Real Estate LLC

Property at 17 N Lake Ave, Albany, NY 12203, 4 beds, 2 baths

$240,000

4 beds2 baths1,888 sq ft

17 N Lake Ave, Albany, NY 12203

Listing by Coldwell Banker Prime Properties

Property at 149 Dove St, Albany, NY 12202, 4 beds, 3.5 baths

$379,999

4 beds3.5 baths2,200 sq ft

149 Dove St, Albany, NY 12202

Listing by Empire Real Estate Managment LLC

Property at 17 Chapel St Apt 602, Albany, NY 12210, 1 bed, 2 baths

$400,000

1 bed2 baths1,270 sq ft

17 Chapel St Apt 602, Albany, NY 12210

Listing by Advent Associates LLC

Property at 358 2nd St, Albany, NY 12206, 6 beds, 2 baths

$229,900

6 beds2 baths2,238 sq ft

358 2nd St, Albany, NY 12206

Listing by Dimension Realty Solution LLC

Property at 495 Morris St, Albany, NY 12208, 4 beds, 1.5 baths

$198,000

4 beds1.5 baths1,500 sq ft

495 Morris St, Albany, NY 12208

Listing by KW Platform

Property at 177 Lancaster St, Albany, NY 12210, 3 beds, 2.5 baths

$379,999

3 beds2.5 baths1,806 sq ft

177 Lancaster St, Albany, NY 12210

Listing by Empire Real Estate Managment LLC

Property at 7 Wilbur St, Albany, NY 12202, 7 beds, 2 baths

$300,000

7 beds2 baths2,496 sq ft

7 Wilbur St, Albany, NY 12202

Listing by KW Platform

Property at 252 Morton Ave, Albany, NY 12202, 6 beds, 4 baths

$300,000

6 beds4 baths2,152 sq ft

252 Morton Ave, Albany, NY 12202

Listing by KW Platform

Property at 1644 1st St, Rensselaer, NY 12144, 2 beds, 1.5 baths

$179,900

2 beds1.5 baths1,166 sq ft

1644 1st St, Rensselaer, NY 12144

Listing by Howard Hanna Capital Inc

Property at 661 Myrtle Ave, Albany, NY 12208, 3 beds, 1 bath

$258,000

3 beds1 bath1,312 sq ft

661 Myrtle Ave, Albany, NY 12208

Listing by Realty One Group Key

Property at 37 Nelson Ave, Rensselaer, NY 12144, 3 beds, 2 baths

$185,000

3 beds2 baths1,036 sq ft

37 Nelson Ave, Rensselaer, NY 12144

Listing by eXp Realty

Property at 1498 2nd St, Rensselaer, NY 12144, 4 beds, 1 bath

$175,000

4 beds1 bath1,166 sq ft

1498 2nd St, Rensselaer, NY 12144

Listing by Darby Real Estate of New York Inc

Property at 19 W Van Vechten St, Albany, NY 12209, 3 beds, 1.5 baths

$240,000

3 beds1.5 baths1,145 sq ft

19 W Van Vechten St, Albany, NY 12209

Listing by RE/MAX Solutions

Property at 175 Broad St, Albany, NY 12202, 3 beds, 1.5 baths

$165,000

3 beds1.5 baths1,080 sq ft

175 Broad St, Albany, NY 12202

Listing by Tibbitts & Co Realty

Property at 3 Osborne St, Albany, NY 12202, 2 beds, 1.5 baths

$175,000

2 beds1.5 baths1,848 sq ft

3 Osborne St, Albany, NY 12202

Listing by KW Platform

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

$300,000

5 beds2.5 baths1,697 sq ft

446 2nd Ave, Albany, NY 12209

Listing by Redway Realty LLC

Property at 326 Mountain St, Albany, NY 12209, 3 beds, 1.5 baths

$230,000

3 beds1.5 baths1,080 sq ft

326 Mountain St, Albany, NY 12209

Listing by Core Real Estate Team

Property at 24 Quail St, Albany, NY 12206, 8 beds, 2 baths

$224,999

8 beds2 baths3,402 sq ft

24 Quail St, Albany, NY 12206

Listing by The Greene Realty Group

Property at 113 Lark St, Albany, NY 12210, 3 beds, 3 baths

$239,000

3 beds3 baths2,412 sq ft

113 Lark St, Albany, NY 12210

Listing by Coldwell Banker Prime Properties

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

$299,000

6 beds3 baths1,920 sq ft

4 New Scotland Ave, Albany, NY 12208

Listing by NAI Platform LLC

Property at 137 4th Ave, Albany, NY 12202, 5 beds, 3 baths

$385,000

5 beds3 baths2,880 sq ft

137 4th Ave, Albany, NY 12202

Listing by eXp Realty

Property at 64 Alexander St, Albany, NY 12202

$25,000

— beds— baths— sq ft

64 Alexander St, Albany, NY 12202

Listing by Venture Fox Realty Group LLC

Property at 37 Bogart Ter, Albany, NY 12202

$53,400

— beds— baths— sq ft

37 Bogart Ter, Albany, NY 12202

Listing by Scorzafava Real Estate Group LLC

Property at 302 Colonie St, Albany, NY 12210

$80,000

— beds— baths— sq ft

302 Colonie St, Albany, NY 12210

Listing by Vera Cohen Realty, LLC

Property at 528 2nd St, Albany, NY 12206

$18,000

— beds— baths— sq ft

528 2nd St, Albany, NY 12206

Listing by Redway Realty LLC

Property at 464 3rd St, Albany, NY 12206

$20,500

— beds— baths— sq ft

464 3rd St, Albany, NY 12206

Listing by Bethea Realty

Property at 235-235.5 N Pearl St, Albany, NY 12207

$40,000

— beds— baths— sq ft

235-235.5 N Pearl St, Albany, NY 12207

Listing by New Scotland Realty

Property at 563 S Pearl St, Albany, NY 12202

$75,000

— beds— baths— sq ft

563 S Pearl St, Albany, NY 12202

Listing by Renovo Real Estate

Property at 74-84 Livingston Ave, Albany, NY 12207

$149,995

— beds— baths— sq ft

74-84 Livingston Ave, Albany, NY 12207

Listing by Coldwell Banker Prime Properties

Viewing page 2 of 2

Cheap Homes for Sale in 12240

There are currently 77 cheap homes for sale in 12240. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. This map is refreshed with the newest listings in 12240 every 15 minutes.

Find your dream home in 12240 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 12240 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 12240. If you're looking to sell your home in the 12240 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 12240 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 12240, NY

Cities

Nearby Zip Codes

Nearby Zip Codes with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in 12240, NY

How to buy a house in 12240, 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.