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Listed by Kyle Chadwick • Premier Homes Elite Realty LLC

$ 450,000

Est. payment | -/mo

5 Beds

4 Baths

2,511 SqFt

Save Virtual Tour

$ 450,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

2,511 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,511 sqft

Price per Sqft $179

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.

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

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Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

138 Lancaster Street Albany, NY 12210