204 Lancaster Street
Albany, NY 12201
$575,000
Mixed-Use Opportunity in Historic Albany!
Welcome to 204 Lancaster Street, a well-located mixed-use building offering flexibility and versatility. This historic property features a ground-floor retail space with strong street presence, currently operated as a tailor shop, and suitable for a wide variety of commercial uses. Above the storefront are two residential apartments. Situated in a vibrant Albany neighborhood with steady foot and vehicle traffic, this property is ideal for investors or owner-occupants seeking a combination of commercial and residential use.
The property has seen significant recent capital improvements totaling over $25,000, including a new commercial central air conditioning system, a new rubber roof, and a brand new hot water tank -- providing buyers with peace of mind and minimal near-term capital expenditure requirements.
A unique opportunity to own a versatile, well-maintained building in one of Albany's established corridors. Tailor inventory can be purchased separately or included with the sale of the property.
| Listing Id: | 202612819 |
|---|---|
| List Price: | $575,000 |
| Property Type: | Multi-Family |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 2 |
| Bathrooms Full: | 2 |
| Bathrooms Half: | 3 |
| Living Area: | 4,123 |
| Tax Annual Amount: | $9,883 |
| Lot Size Square Feet: | 1,742.4 |
| Lot Size Acres: | 0.04 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12201 |
| Year Built: | 1930 |
| List Agent Full Name: | Philip Sabatino |
| Cooling: | Central Air |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Window Features: | Wood Frames |
| Heating?: | Yes |
| Bathrooms Total Integer: | 5 |
| Cooling?: | Yes |
| Basement: | true |
| Basement: | Partial |
| State Or Province: | NY |
| Special Listing Conditions: | Standard |
| View: | Downtown |
| Foundation Details: | Concrete Perimeter |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 19X99 |
| Electric: | 150 Amp Service |
| Fencing: | None |
| High School: | Albany |
| Roof: | Rubber |
| Lot Size Area: | 0.04 |
| Zoning: | Mixed |
| Documents Change Timestamp: | 2026-03-05T16:06:32Z |
| Directions: | Head down Lark Street, and the property will be on the left-hand side |
| Flooring: | Wood |
| Listing Contract Date: | 2026-03-03 |
| Parcel Number: | 010100 76.23-3-11 |
| List Agent Key: | 20211012215328936009000000 |
| Construction Materials: | Brick |
| Water Source: | Public |
| High School District: | Albany |
| Above Grade Finished Area: | 4,123.0 |
| Security Features: | 24 Hour Security, Carbon Monoxide Detector(s), Fire Alarm |
| Tenant Pays: | Electricity, Heat |
| Postal City: | Albany |
| Above Grade Finished Area Source: | Appraiser |
| Original List Price: | $649,000 |
| Possession: | At Closing |
| Below Grade Finished Area Source: | Appraiser |
| Bathrooms Total Decimal: | $3.50 |
| Property Detail Enhanced Accessible Yn2: | No |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Financial Details General Taxes: | $4,361.35 |
| Financial Details General Taxes Description: | Actual |
| Financial Details School Taxes: | $6,049.58 |
| Financial Details School Taxes Description: | Actual |
| Bath Levels Full Bath 1: | 2nd |
| Bath Levels Full Bath 2: | 3rd |
| Bath Levels Half Bath 1: | 1st |
| Bath Levels Half Bath 2: | 1st |
| Bath Levels Half Bath 3: | Basement |
| Income And Expenses Rental Income: | $2,300.00 |
| Income And Expenses Rental Income Description: | Actual |
| Income And Expenses Total Income: | $27,600.00 |
| Separate Utilities Number Of Separate Electric Meters: | 3 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 6 |
| Multi Family Unit 1 Detail Total Half Baths Mf Unit 1: | 2 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 2 |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 6 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 1 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 3 |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 4 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 1 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Unit 2 Detail Total Bedrooms4: | 1 |
| Unit 3 Detail Total Bedrooms5: | 1 |
| Levels: | Tri-Level |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Separate Utilities: | Electric, Gas |
| Attic Features: | Hatch |
| Architectural Style: | Traditional |
| Exterior Features: | None |
Listing Courtesy of: Hanna Commercial
Listing Agent: Philip Sabatino
518-376-2717
Mortgage Calculator
© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
