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Historic Four-Unit Quadplex
New
For Sale
$529,000

137 Lancaster Street, Albany, NY 12210

Residential Income, Call Listing Agent, NY

Property SizeContact for details
Days on Market2

Property Features for 137 Lancaster Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Interior features Granite Counters
Basement Finished, Walk-Out Access, Full
Elementary school Pine Hills Elementary School
Middle school Albany High School
High school Albany High School
Elementary school district Albany
Middle school district Albany
High school district Albany
Standard status Active

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 14139

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Electric (Heating), Baseboard
Water source Public

Building Details

Year built 1871
Number of units 4
Building materials Brick, Stone
Listing Agency: EXP Realty
Listed By: Wayne A. Hartard · License #10301215860
Added: Aug 31 Changed: Sep 1 Last Checked: Sep 1 at 1:06PM
MLS# 963182

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1871, this four-unit quadplex features one full-floor residence per unit and retains original architectural elements, including marble mantels. The brick and stone building has been updated with remodeled kitchens and bathrooms, granite countertops, newer flooring, newer windows, hot water tanks, and a rubber roof. Fresh interior paint and separate utilities add to the practical configuration.

The property is located at 137 Lancaster Street in Albany near Center Square, Hudson Park, and Washington Park. Nearby destinations identified for the property include the State Capitol, downtown government and legislative buildings, Albany Medical Center, Albany Law School, SUNY, restaurants, galleries, and local shops. Public water and public sewer serve the building.

Key Highlights

  • Four‑unit quadplex built in 1871
  • Fully occupied with separate utilities
  • Full‑floor units retain marble mantels and other original architectural details

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Carpet & Flooring Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Home Appliance Store Pet Grooming Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,176
Businesses Nearby

Demographics for 12210, NY

10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied property with remodeled kitchens, baths, and separate utilities.
Where is this quadplex located?
The property is located at 137 Lancaster Street Albany, NY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1871; Fully occupied with separate utilities; Full‑floor units retain marble mantels and other original architectural details
More about this property
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