Multi Family homes for sale & real estate in 12255, NY

Multi Family Home for sale in 12255, 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.

Multi Family Home for sale in 12255, NY:

Incredible turn-key income opportunity in a prime Albany location! This classic two-family multi-unit property features two spacious, fully updated apartments with strong rental history and exceptional cash-flow potential. Ideally positioned along Washington Ave with direct access to local transit, UAlbany, St. Peter's Health, downtown state offices, and vibrant local dining. Perfect for an investor looking to expand their portfolio or an owner-occupant looking to let a tenant pay down the mortgage. Off-street options, low-maintenance exterior, and separate utilities make this an effortless addition to your real estate portfolio. Schedule your private showing today!

Multi Family Home for sale in 12255, NY:

ATTENTION INVESTORS, INCOME PRODUCING, WELL MAINTAINED 5-bedroom, 2 Bath with 2800+ Sq ft. Sec 8 tenants paying market rents Open House Sunday (12-2pm) 8/23/2026 Both units feature their own living room, dining room, and enclosed front porch, while the 2nd fl includes an alcove, spacious primary bedroom with a walk-in closet. The home has been freshly painted and features new flooring throughout. The first floor provides a potential 4th bedroom or bonus room while still maintaining separate living and dining spaces. A clean, dry basement with washer/dryer hookups adds convenience and more storage and the backyard is also fenced in. This is a great opportunity for an investor looking

Multi Family Home for sale in 12255, NY:

Attention investors, great value add potential in this central Albany location. Mixed use building with former salon on first floor and apartment on second floor/third floor. The salon has a half bathroom and the apartment is 4 beds, 1 full bath. There is a two car garage with alley access in the rear of the building. Basement provides ample storage space. Property is being sold as-is with most contents left in place. This is a blank canvas ready to be transformed.