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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Albany, NY
Fix & Flip
Listed for sale today
$ 200,000
ROI
20.3
Cash Flow/m
27- 3 Bed
- 2 Bath
- 1314 sft
65 Lincoln Avenue, Albany, NY, 12206
Listed for sale 3 days ago
$ 100,000
ROI
32.1Cash Flow/m
344- 4 Bed
- 2 Bath
- 1876 sft
290 3rd Street, Albany, NY, 12206
Motivated Seller
Listed for sale 3 days ago
$ 150,000
ROI
24.6Cash Flow/m
200- 2 Bed
- 2 Bath
- 1584 sft
57 O Connell Street, Albany, NY, 12209
Listed for sale 4 days ago
$ 199,000
ROI
24.1Cash Flow/m
240- 3 Bed
- 1 Bath
- 1264 sft
7 Lawn Avenue, Albany, NY, 12204
Why Invest in Albany, New York?
Albany, NY offers strong investment potential in homes under $200k, particularly in multi-family and fixer-upper properties. State government presence drives consistent rental demand from professionals and students. Average rents support 7-9% yields with cap rates around 8-10%. Annual appreciation of 3-5% combined with 45% renter occupancy makes these affordable entry points attractive. Low entry costs allow quick cash flow scaling for portfolios.
9.2%
Avg. ROI
8.5%
Rental Yield
9.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Primarily multi-family homes, single-family fixers, and some condos appear in this price range. Many offer 3-6 bedrooms suitable for rentals. Investors target areas like Center Square and Pine Hills for value-add potential.
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