Under $200K Investment Properties for Sale in Albany, NY
Listed for sale 1 day ago
$ 179,000
ROI
24.3
Cash Flow/m
224- 4 Bed
- 2 Bath
- 787 sft
477 3rd Street, Albany, NY, 12206
Currently Rented
Fix & Flip
Listed for sale 5 days ago
$ 190,000
ROI
31.4Cash Flow/m
616- 4 Bed
- 2 Bath
- 1160 sft
27 McKinley Street, Albany, NY, 12206
$ 190,000
ROI
24.5Cash Flow/m
249- 3 Bed
- 1 Bath
- 1089 sft
11 Cuyler St, Albany, NY, 12202
$ 199,900
ROI
23.7Cash Flow/m
219- 3 Bed
- 1 Bath
- 1362 sft
3 McDonald Road, Albany, NY, 12209
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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