Multi-family homes for sale in Albany, NY

82 Listings

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Median Sold Price

$295K

Avg. Sale Time

24 Days

Based on our May 2025 Market Report.

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Albany, NY Real Estate Market Overview

There are 82 multi-family homes for sale in Albany, NY. The following market insights reflect all property types in the Albany, NY real estate market. The number of homes in Albany, NY decreased by 8.1% between April 2025 and May 2025. In May 2025 median list price was $295,000 and the average listing age was 24 days. Albany, NY housing market in May 2025 saw over 58 listings sold above listed price, more than 13 sold at listed price and over 38 sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Albany, NY

Albany is located in Albany County, New York. There are roughly 97,677 residents, living in 41,005 households. The average temperature for Albany this time of the year is low of 56F and high of 78F. On average, Albany gets about 3.89 inches of precipitation in June. 34% residents are home owners, have a post secondary degree (46%) and are single, no kids (64%).

Data provided by Home Junction

Albany's housing market is diverse, offering a range of options from historic brownstones to contemporary condos. Single-family homes are prevalent, making up approximately 60% of the housing stock, with a mix of Victorian, Colonial, and modern architectural styles. The remaining 40% is comprised of multi-family units, including apartments and townhouses, which cater to the city's varied demographic. The homeownership rate in Albany is around 38%, with a significant portion of the population, 62%, opting to rent.

Albany is celebrated for its rich history and vibrant cultural scene. The community prides itself on a variety of annual events, such as the Tulip Festival, which showcases the city's Dutch heritage. The city's character is further defined by its blend of urban amenities and quaint neighborhoods, offering residents a unique living experience that balances metropolitan conveniences with a sense of small-town camaraderie.

The city is served by a robust educational system, including numerous public schools across all levels and a selection of private institutions, reflecting Albany's commitment to educational diversity. Healthcare services are comprehensive, with several hospitals providing a range of specialized care. The public library system is well-established, supporting lifelong learning and community engagement. Retail and dining options are abundant, reflecting the local culture with a mix of international cuisines and regional specialties.

Albany's transport infrastructure includes a network of buses that serve the city and surrounding areas, with varying schedules to accommodate commuters and residents. While specific ride-sharing services are available, the city also promotes walkability, particularly in the downtown area. Major highways such as I-87 and I-90 connect Albany to other cities, facilitating travel and commerce. Efforts to enhance transport efficiency and accessibility are ongoing, with improvements to public transit and roadways in development.

Explore popular home types in Albany, NY

Related homes in Albany, NY

Schools near Albany, NY

Elementary Schools

  • New Scotland Elementary School

    385 New Scotland Ave

    Public District PK-5

  • Westmere Elementary School

    6270 Johnston Rd

    Public District KG-5

  • Pine Hills Elementary School

    41 N Allen St

    Public District PK-5

Middle Schools

  • Menands School

    19 Wards Ln

    Public District KG-8

  • Kipp Tech Valley Charter School

    321 Northern Blvd

    Public Charter KG-8

  • Albany Community Charter School

    65 Krank St

    Public Charter KG-8

High Schools

  • Green Tech High Charter School

    99 Slingerland St

    Public Charter 6-12

  • Albany Leadership Charter High School for Girls

    19 Hackett Blvd

    Public Charter 9-12

  • Albany High School

    700 Washington Ave

    Public District 9-12

Data provided by Great Schools

Housing market reports in Albany County

Real estate in Albany neighborhoods

Top real estate cities in New York

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Last updated on: 6/19/2025, 11:56:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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