138 Lancaster St Albany, NY 12210
Center Square NeighborhoodEstimated payment $3,263/month
Highlights
- City View
- Traditional Architecture
- Bathroom on Main Level
- Albany High School Rated A-
- No HOA
- 4-minute walk to West Capitol Park
About This Home
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.
Listing Agent
Premier Homes Elite Realty LLC License #10491212067 Listed on: 04/01/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,721
Year Built
- Built in 1861
Home Design
- Quadruplex
- Traditional Architecture
- Tri-Level Property
- Brick Exterior Construction
Interior Spaces
- 2,511 Sq Ft Home
- City Views
- Apartment Living Space in Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathroom on Main Level
- 4 Full Bathrooms
Schools
- Albany High School
Additional Features
- 2,178 Sq Ft Lot
- Hot Water Heating System
Community Details
- No Home Owners Association
- Association fees include sewer
Listing and Financial Details
- The owner pays for gas, trash collection, water
- Legal Lot and Block 70.000 / 6
- Assessor Parcel Number 010100 76.24-6-70
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,357 | $313,000 | $62,600 | $250,400 |
| 2024 | $8,357 | $313,000 | $62,600 | $250,400 |
| 2023 | $10,196 | $244,000 | $48,800 | $195,200 |
| 2022 | $10,730 | $244,000 | $48,800 | $195,200 |
| 2021 | $10,709 | $244,000 | $48,800 | $195,200 |
| 2020 | $9,845 | $244,000 | $48,800 | $195,200 |
| 2019 | $9,606 | $244,000 | $48,800 | $195,200 |
| 2018 | $10,303 | $244,000 | $48,800 | $195,200 |
| 2017 | $4,688 | $244,000 | $48,800 | $195,200 |
| 2016 | $10,146 | $244,000 | $48,800 | $195,200 |
| 2015 | $9,564 | $253,500 | $50,700 | $202,800 |
| 2014 | -- | $253,500 | $50,700 | $202,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | Price Changed | $435,000 | -3.3% | $173 / Sq Ft | |
| 04/01/2026 04/01/26 | For Sale | $450,000 | 0.0% | $179 / Sq Ft | |
| 10/01/2024 10/01/24 | For Rent | $1,400 | 0.0% | -- | |
| 06/24/2024 06/24/24 | Sold | $367,000 | -0.8% | $146 / Sq Ft | View Prior Sale |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- | |
| 05/30/2024 05/30/24 | For Sale | $369,900 | -- | $147 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $345,000 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $202,500 | John F Maxwerll | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $120,000 | Thomas W Faist | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $275,250 | New Conventional | |
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $15,532 | New Conventional |
Source: Global MLS
MLS Number: 202614240
APN: 010100-076-024-0006-070-000-0000
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Information is deemed reliable but not guaranteed.
Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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