Albany Homes under $200,000

Welcome to Albany, New York—a vibrant city steeped in rich history and culture, nestled in the heart of the Capital Region. As the state capital, Albany boasts a unique blend of modern amenities and historic charm, making it an attractive destination for both residents and visitors alike. With its stunning architecture, diverse neighborhoods, and a thriving arts scene, Albany is a city that truly has something for everyone.

For those seeking affordable housing options, Albany offers a remarkable selection of homes priced under $200,000. This makes it an ideal location for first-time homebuyers, young families, or anyone looking to invest in a property without breaking the bank. From cozy single-family homes to charming townhouses, the real estate market here is brimming with opportunities that cater to a variety of lifestyles.

Living in Albany means enjoying easy access to a wealth of amenities, including parks, shopping districts, and a vibrant dining scene. The city is home to numerous festivals and events throughout the year, ensuring there's always something happening. Additionally, Albany’s strategic location offers convenient transportation links to nearby cities, making commuting a breeze.

Whether you’re drawn to the historical landmarks, the bustling downtown area, or the serene parks that line the Hudson River, Albany promises a fulfilling lifestyle. With homes under $200,000, your dream of owning a piece of this captivating city is within reach. Explore the possibilities today and discover the charm of Albany, NY—where your new home awaits!

Newest Albany Homes under $200,000

$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.

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

$174,900

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

$180,000

2 Beds ⋅ 2 Baths ⋅ 202626293 MLS

Why rent when you can own? Nothing to do but move in. Well maintained 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 ***OPEN HOUSE*** Saturday 10/3 11a-1p

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

$189,900

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

$145,000

4 Beds ⋅ 2 Baths ⋅ 202625664 MLS

Beautiful property.

287 1st Street, Albany

$199,999

6 Beds ⋅ 2 Baths ⋅ 202625592 MLS

Attention Investors !! Looking to start or add to your business porfolio this is a must see. Pre-approval letter or proof of funding before any appointments are confirmed 48 hrs notice . .

312 Third Street, Albany

$179,900

3 Beds ⋅ 2 Baths ⋅ 202625379 MLS

Colonial Home! Many updates. New ROOF, SIDING, DRIVEWAY, Bathroom, windows. Original built in cabinetry. In-law possibilities. Convenient First Floor Bedroom, Full Bath, and Laundry Area. Very well maintained, off street parking, QUIET DEAD END STREET, close to highway, parks, and entertainment. Excellent Condition. Extra lot for parking sold with property 17 Regent. Family owned

19 Regent Street, Albany

$175,000

6 Beds ⋅ 2 Baths ⋅ 202625224 MLS

Large two family in convenient Albany location. 3 bdrms both units with large living room and dining area. Fenced rear yard. Close to night life and all amenities. Some TLC will be needed to bring this to its full potential. This property is eligible under First Look Initiative. Owner occupant offers will be responded to after 7 days on the market, however all offers can be submitted during First Look Period.

67 Lark Street, Albany

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