Rensselaer Homes under $400,000

Welcome to Rensselaer, NY, a charming city nestled in Rensselaer County, where vibrant community spirit meets beautiful homes and excellent educational opportunities. One of the standout features of this area is its commitment to providing quality education through the Rensselaer City School District. Known for its dedicated teachers and supportive environment, this district emphasizes academic excellence and personal growth, ensuring that students receive a well-rounded education. With a variety of programs and extracurricular activities, families can rest assured that their children will thrive both in and out of the classroom.

For those considering making Rensselaer their home, the real estate market offers a delightful selection of homes priced under $400,000. This makes it an ideal place for first-time buyers, families, and anyone looking to invest in a welcoming community without breaking the bank. From charming single-family homes to cozy townhouses, the options are diverse, catering to various tastes and lifestyles.

Living in Rensselaer means enjoying not only the beauty of the Hudson River but also the convenience of nearby amenities, including parks, shopping, and dining. Plus, with easy access to major highways and public transportation, commuting to Albany and beyond is a breeze.

Experience the warmth of Rensselaer, where quality education and affordable housing come together to create an inviting atmosphere for families and individuals alike. Your dream home awaits in this delightful corner of New York!

Newest Rensselaer Homes under $400,000

$299,900

4 Beds ⋅ 3 Baths ⋅ 202627447 MLS

Solid brick three-family home offers updated units, strong rental potential, and flexible options for both owner-occupants and investors. One unit is currently leased, and the former owner-occupied unit is now vacant and ready for immediate occupancy. Ideal for owner-occupancy with rental income to offset your mortgage Off-street parking for tenants 3 Garage Bays for Additional rental income.

828 2nd Street, Rensselaer

$279,900

6 Beds ⋅ 3 Baths ⋅ 202627365 MLS

Whether you're looking to grow your investment portfolio or make a smart move into homeownership, this spacious Rensselaer triplex offers flexibility and income potential with projected annual gross rents of $27,600. Investors can take advantage of 3 generously sized apartments each with their own storage room and individually metered utilities. And owner-occupants have an especially appealing option with a 2nd-floor apartment that is available for immediate occupancy so you can just move in and let the cash flowing rental income offset your mortgage and monthly expenses while you build equity in a property of your own. Location adds even more appeal: downtown Albany is just a quick 10-minute commute, shopping and dining in North Greenbush are approximately 8 minutes away, and the Rensselaer Amtrak station--with service to NYC and beyond--is only about 5 minutes from your door. Don't miss this affordable opportunity to live, invest, or do both! 24 hour notice for showings and schedule is limited. Ask for available times.

1216 1st Street, Rensselaer

$265,000

4 Beds ⋅ 2 Baths ⋅ 202627281 MLS

Extensively renovated and restored since its purchase in 2019, this unique Rensselaer duplex offers two well-maintained apartments while retaining original character, including beautifully refinished hardwood floors. The first floor is currently configured as a 2BR/1BA with a dedicated laundry room, while the second floor is configured as a 1BR/1BA with its own dedicated laundry in the basement. Both units include private, lockable basement storage. Additional features include a large covered front porch, large backyard, and ample off-street parking. Set back from Washington Avenue along a private drive near Hampton Manor, the property offers a distinctive residential setting with a neighborhood feel. Public records reflect 4BR/2BA. The current 3-bedroom apartment configuration reflects ownership's chosen use of the property rather than the full configuration reflected in public records. The basement contains two pre-existing rooms currently utilized as dedicated tenant storage, as well as additional unfinished space with a previously functional water supply line. The basement also has supplemental heat with multiple thermostats/zones and a dedicated house meter. These existing features may provide flexibility for a future owner to evaluate alternative configurations and uses. Current rents have been intentionally maintained below market in recognition of exceptional long-term tenants. Priced accordingly, this is a strong opportunity for an investor seeking an improved property with existing tenancy and significant room for income growth. Seller is a licensed New York State real estate broker.

1015 Washington Avenue, Rensselaer

$225,000

3 Beds ⋅ 2 Baths ⋅ 202627280 MLS

Affordable, consistently rented duplex offering a 2BR/1BA first-floor apartment and 1BR/1BA second-floor apartment. The first-floor apartment features a mix of updated vinyl and classic wood flooring, along with large windows providing great natural light. The second-floor apartment offers one bedroom plus a versatile bonus room and enclosed back porch, and has been home to an exceptional long-term tenant. The full basement offers both interior and exterior access for easy maintenance and storage, with dedicated washer/dryer hookups for each apartment. Outside, the property offers a great backyard with plenty of usable outdoor space and ample on-street parking. Price reflects current below-market rents maintained for long-term tenants. Seller is a licensed New York State real estate broker. Can be packaged with 1015 Washington Ave Rensselaer.

1809 4th Street, Rensselaer

$199,900

3 Beds ⋅ 2 Baths ⋅ 202627170 MLS

This home offers comfortable and affordable living with 3 spacious bedrooms, plus a first-floor office that could serve as a possible 4th bedroom (no closet), and 2 generously sized full bathrooms. The inviting layout features a cozy living room with hardwood floors, a formal dining room, a spacious kitchen, and a conveniently located first-floor laundry room. Enjoy the enclosed rear porch overlooking the private backyard, perfect for relaxing or entertaining. The generously sized primary bedroom suite features vaulted ceilings, a walk-in closet and plenty of room for storage. With low taxes of only $4025 and a fantastic location, this home offers exceptional value. Conveniently located near I-90, it provides an easy commute to Albany, Regeneron, and Empire State Plaza. A wonderful opportunity for buyers seeking space, convenience, and affordability!

55 Pine Street, Rensselaer

$295,000

3 Beds ⋅ 2 Baths ⋅ 202626820 MLS

Set at the end of a dead-end street, this charming 3 bedroom, 1.5 bath home offers a peaceful setting on a private, wooded lot. Inside, you'll find plenty of character, including hardwood floors, arched doorways, and a cozy wood-burning fireplace in the living room. The first floor also features a formal dining room, den, kitchen with new appliances, and a primary bedroom. Upstairs are two additional bedrooms, a half bath, and unfinished attic space with potential for a future bedroom or office space. A full basement and shed provides plenty of storage, while the covered front porch and back deck are perfect for enjoying the quiet, wooded surroundings. All this while still conveniently located with easy access to shopping, dining, and major highways.

111 Michigan Avenue, Rensselaer

$265,000

3 Beds ⋅ 2 Baths ⋅ 202626568 MLS

Updated home on quiet street is ready for it's new owners! This home was renovated a few years back from top to bottom with many updates including updated kitchen, bathrooms, lighting, vinyl plank flooring, vinyl siding, windows, sheetrock, paint, etc. New carpet was just installed in living room. Come see all this charming home has to offer. Photos do not show and refrigerator, but seller will be adding one.

65 Dale Street, Rensselaer

$274,900

3 Beds ⋅ 2 Baths ⋅ 202626498 MLS

Charming 3-bedroom 1.5 bath Rensselaer home features a large cozy freshly painted living room with crown molding, large eat in kitchen, good size bedrooms including a huge primary bedroom with hardwood floor, office, inviting entry, back enclosed breezeway, newer laminate flooring, fenced in yard, newer furnace and on demand water heater! Great convenient location!

1540 4th Street, Rensselaer

$179,999

3 Beds ⋅ 2 Baths ⋅ 202625766 MLS

Welcome to the charming home on a quiet street in Rensselaer. Step up to your spacious front porch to enjoy the neighborhood. Inside first level is ideal with full bathroom, laundry, oversized dining room, living room and eat in kitchen that goes out to your private, fenced backyard featuring a patio area and shed with electricity. 2nd level has another full bathroom and bedrooms and storage areas. Low taxes and public utilities, plenty of street parking at this location.

932 3rd Street, Rensselaer

$219,900

2 Beds ⋅ 2 Baths ⋅ 202624818 MLS

This is the ideal Air B & B situation with it just steps from the Rensselaer Train Station. This fantastic completely renovated brick two-family home offers convenience, comfort, and investment potential. Looking for that vacant 2 family investment that is all new inside? This is IT and YOU can choose your own tenants! The first-floor unit features a spacious one-bedroom layout with washer & dryer hookups, while the second floor boasts one bedrooms + office/ laundry room. w/ stackable washer & dryer Perfect for multi-generational living or rental income. Completely remodeled: new flooring, lighting, interior freshly painted, all new windows and doors & much more. Recent Updates Include: Modern kitchens and baths, stylish flooring throughout. Walk-out lower level with potential to add a studio apartment, off-street parking for two vehicles Whether you're looking to live in one unit and rent the other, or expand with a third unit, this property offers flexibility and location in one smart package. Estimated $1,250-$1,350 per flat for rents. Separate utilities.

8 Harrison Avenue, Rensselaer

$255,000

5 Beds ⋅ 2 Baths ⋅ 202624036 MLS

Great investment or owner-occupied opportunity in Rensselaer! This spacious 2-family offers a 2BR/1BA first-floor unit (1,255 sq. ft.) and 3BR/1BA second-floor unit (1,219 sq. ft.), generating $26,400 in current annual gross rental income. First-floor bath updated in 2023 with in-unit washer/dryer. Separate gas heat and electric, plus off-street parking for both units. Conveniently located near the bus line, Rensselaer Amtrak station, Regeneron and downtown Albany. Solid income in place with significant value-add and future income potential.

330 Broadway, Rensselaer

$325,000

6 Beds ⋅ 3 Baths ⋅ 202621433 MLS

Excellent investment opportunity in Rensselaer! This 3-unit property offers strong cash flow with all units occupied on annual leases. Featuring a total of 9 bedrooms and 3 full bathrooms, the property includes a basement apartment rented for $1,000/month and two upper units each generating $1,400/month, for a total gross monthly rental income of $3,800. Tenants pay their own separate utilities, helping keep operating expenses low and maximizing your return.

1453 1st Street, Rensselaer

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