Map
Link Copied
Listed price in listed location currency (USD).
$450,000

540

MLS® 202614240

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2511 sqft
Garage 
Taxes $10,721
Days Active 9
Lot Size 
Approx. Age 1861
Avg. Price Per Sqft $179
MLS® Number 202614240

Property Address: 138 Lancaster St, Albany, NY, 12210-1920

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202614240
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1861
BasementApartment
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 1, 2026List Date
$450,000List Price
  • Commute

Commute

Starting Address
Destination Address
138 Lancaster St, Albany, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties