Albany Homes under $200,000

**Discover Albany, NY: A Family-Friendly Community with Affordable Homes**

Welcome to Albany, New York, a vibrant city that boasts a rich history, diverse culture, and a robust educational system. Nestled in Albany County, this charming city is not only the state capital but also a fantastic place for families to settle down. The Albany School District is highly regarded for its commitment to academic excellence and inclusive education, providing students with a well-rounded learning experience. With a variety of programs tailored to meet the needs of all learners, parents can rest assured that their children will receive quality education from dedicated educators.

For those looking to plant roots in this thriving community, Albany offers an array of homes priced under $200,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, you’ll find a selection of charming residences that fit your budget. From quaint bungalows to spacious townhouses, each property offers unique character and the opportunity to create a warm and welcoming home.

Living in Albany means enjoying the perfect balance of urban amenities and suburban tranquility. The city features beautiful parks, local shops, and a vibrant dining scene, making it easy to embrace the local lifestyle. Plus, with easy access to major highways and public transportation, commuting to nearby cities is a breeze.

Explore the possibilities that await you in Albany, NY, where affordable homes and a top-notch school district come together to create an ideal environment for families. Your dream home is just around the corner!

Newest Albany Homes under $200,000

$199,000

4 Beds ⋅ 2 Baths ⋅ 202628393 MLS

Great investment opportunity at 94 Ontario Street in Albany! This updated two-family property offers 2,024 square feet of living space, featuring 4 bedrooms and 2 full bathrooms, with each unit offering 2 bedrooms. Both units generate $1,100 per month, providing a combined rental income of $2,200 monthly or $26,400 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1880, this property offers updated living spaces, a full basement, and existing rental income. Whether you're an experienced investor looking to expand your portfolio or purchasing your first multifamily property, 94 Ontario Street offers a great opportunity to generate income and build equity. Schedule your showing today!

94 Ontario Street, Albany

$139,000

6 Beds ⋅ 2 Baths ⋅ 202628385 MLS

Opportunity awaits at 528 1st Street in Albany! This two-family property offers 2,640 square feet of living space, featuring a total of 6 bedrooms and 2 full bathrooms. Both units generate $750 per month, providing a combined rental income of $1,500 monthly or $18,000 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1890, this property presents an excellent opportunity for investors looking to expand their portfolio or add value through improvements. The property could benefit from cosmetic updates, giving the next owner the opportunity to make improvements and potentially increase rental income over time. Whether you're an experienced investor or looking to purchase your first multifamily property, 528 1st Street offers existing rental income and room for future growth. Schedule your showing today!

528 1st Street, Albany

$179,000

4 Beds ⋅ 2 Baths ⋅ 202628001 MLS

Welcome to 477 3rd St, Albany! A great opportunity for first-time homebuyers and investors alike! This spacious 4-bedroom, 2-bathroom home offers plenty of room, versatility, and potential in a convenient Albany location. With four bedrooms and two full bathrooms, the layout provides comfortable living space for a growing household, roommates, or tenants. Whether you're looking to purchase your first home and build equity or add another property to your investment portfolio, this property offers an excellent opportunity to make it your own. Bring your vision and take advantage of the potential this home has to offer. With the right updates and personal touches, 477 3rd St could be transformed into a fantastic place to call home or a strong income-producing investment. Don't miss this opportunity to own a 4-bedroom, 2-bathroom property in Albany at an attractive price point!

477 3rd Street, Albany

$89,000

3 Beds ⋅ 1 Baths ⋅ 202627270 MLS

Opportunity in Albany! Corner Property with Value-Add Potential. Bring your vision to this 3-bedroom, 1-bath single-family home situated on a corner lot. The property offers an opportunity for renovation and customization, whether for owner occupancy, rental use, or resale, subject to applicable requirements. Features include a full basement, fenced backyard, and newly constructed sidewalk. The property requires cleaning and renovation and is being sold strictly AS IS. Seller has never occupied the property and makes no representations regarding its condition. Cash offers preferred. Proof of funds required prior to scheduling an interior showing. All showings are by appointment only. All offers must be submitted through Auction.com and are subject to the auction platform's terms and conditions. Please visit Auction.com for offer submission instructions and additional details.

63 Judson Street, Albany

$199,900

3 Beds ⋅ 1 Baths ⋅ 202627189 MLS

Adorable home with tons of character and charm, offering a great opportunity to make it your own. The enclosed front porch is the perfect spot to curl up with a good book or enjoy your morning coffee. Hardwood floors add warmth and character throughout the home, and the three bedrooms offer plenty of space. The home does need some TLC, but with a little vision and effort, it could truly shine. Conveniently located close to shops, restaurants, the library, schools, and hospitals.

3 McDonald Road, Albany

$124,900

2 Beds ⋅ 2 Baths ⋅ 202626967 MLS

**Bring your vision to 30 Cortland Place!** This Albany property is packed with value-add potential and offers a great opportunity for an investor, renovator, or buyer looking to create instant equity. The home is ready for updates, giving the next owner the chance to renovate, customize, and unlock its full potential. A major head start is already in place with a furnace and water heater both approximately one year old. Priced with the needed improvements in mind and backed by a motivated seller, this could be the project you've been waiting for. Bring your ideas, your contractor, and your offer!

30 Cortland Place, Albany

$175,000

4 Beds ⋅ 2 Baths ⋅ 202626891 MLS

This Albany duplex offers 1,848 sq ft with 4 bedrooms and 2 full baths. Each unit has real breathing space, which is a rare find at this price point. Investors, this one's for you: live in one unit and let the other help cover the mortgage, or add it to your portfolio as a straightforward rental. It's zoned multi-residence and sits on a 3,192 sq ft lot, with quick access to downtown, Washington Ave, and the major routes that make Capital Region commuting easy. Priced where the numbers start to make sense. At $175K, it won't sit long. Schedule your showing today.

549 3rd Street, Albany

$99,000

2 Beds ⋅ 2 Baths ⋅ 202626576 MLS

Investor opportunity, priced to move. This 2-bedroom, 2-bath home needs work throughout and is being sold as-is -- a straightforward value-add project for an investor who wants to build in equity. The property currently has a long-term, reliable tenant in place, providing immediate rental income while you plan improvements. At $99,000, it's an affordable entry point to add to your portfolio.

479 3rd Street, Albany

$199,000

3 Beds ⋅ 2 Baths ⋅ 202626302 MLS

A great opportunity in Albany! This 3-bedroom, 1.5-bath home offers flexibility for an owner-occupant or investment property. Enjoy a charming front sitting porch, small fenced yard, off-street parking, kitchen, dining area & living areas. Convenient location close to the theater, library, shopping, dining, neighborhood amenities, and on a bus-line. Bring your vision and unlock even more of this home's potential! Seller is offering the property in its current condition; the home has been well cared for. *Also offered as part of a 5 property portfolio. Please contact the agents for more details.*

482 Delaware Avenue, Albany

$179,000

2 Beds ⋅ 2 Baths ⋅ 202626293 MLS

Why rent when you can own? Nothing to do but move in. Well maintained 2BR, 1.5 BA, and 2 bonus room single family home on quiet street. Close to parks, shops, and restaurants. Also close to highways and bus routes. Newer appliances and boiler/hot water tank are 4 years old. Enjoy your morning coffee on your enclosed rear porch or back deck. Showings start Friday, 9/18

37 Raymo Street, Albany

$149,000

4 Beds ⋅ 3 Baths ⋅ 202626176 MLS

Opportunity knocks with this solid, 4 BR, 2.5 bath brick home on 1st St in Albany - Priced right and ready for its new owner to bring their personal touches and make it their own. Held by the same family for the past 26 years, the property features spacious rooms and a flexible layout, original moldings, hardwood floors, and built-ins. Laundry closet on 1st floor. The basement was once a garden apartment - perfect for future multifamily conversions or in-law suite with local permits. Fenced yard and covered back porch. The home is ready for a fresh coat of paint and minor fixes, but the major big-ticket items are already done, including a new roof and replacement windows (4 years old) and a brand new furnace (just 2 years old). Perfect for the 1st time home buyer or savvy investor. Schedule your showing today!

306 1st Street, Albany

$179,900

6 Beds ⋅ 2 Baths ⋅ 202625709 MLS

This two-family property offers excellent potential for investors or owner-occupants looking to generate rental income while building equity. Conveniently located near downtown Albany and close to State Offices and government, with easy access to shopping, restaurants, schools, public transportation, and major roadways. With two separate units and strong rental potential, this property is a solid addition to any investment portfolio. Bring your vision and take advantage of the opportunity to own income-producing real estate in the Capital District.

239 Colonie Street, Albany

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Albany Homes under $200,000

Newest Albany Homes under $200,000

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