REQUEST A TOUR
Listed by Kyle Chadwick • Premier Homes Elite Realty LLC
$ 435,000
Est. payment /mo
Active
138 Lancaster Street Albany, NY 12210
5 Beds
4 Baths
2,511 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,511 sqft
Price per Sqft $173
MLS Listing ID 202614240
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1861
Annual Tax Amount $10,720
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Quadruplex
Source Global MLS
Property Description
Discover an exceptional opportunity in one of Albany's most sought-after neighborhoods! This well-maintained 4-unit multi-family property sits in the heart of the vibrant Center Square district steps from Washington Park, trendy restaurants, boutique shops, and the energy of downtown Albany.
With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike.
Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns.
Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.
With its classic architecture, tree-lined streets, and walkable lifestyle, Center Square consistently attracts strong rental demand from professionals, students, and long-term tenants alike.
Currently configured as four separate living spaces, the property is legally zoned for three units. The upstairs unit has been thoughtfully divided into two distinct apartments, delivering immediate owner occupancy or additional income potential. One of these upstairs spaces is non-conforming, but the City of Albany's recent declaration of a housing crisis and its streamlined ADU (Accessory Dwelling Unit) approval process open a possible path for the new owner to legalize the second upstairs unit and maximize returns.
Whether you're expanding your portfolio or making Center Square your home while generating income, this property delivers location, income, and upside potential in one of Albany's most desirable historic districts.
Location
State NY
County Albany
Direction Clinton Ave to Lark St., Left on Lancaster, House on Right
Interior
Heating Hot Water, Natural Gas
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 76.24-6-70
Special Listing Condition Standard
Virtual Tour https://app.doaudiotours.com/unbranded?id=19023&lang=en-US
GET MORE INFORMATION
QUICK SEARCH