Mixed-Use Bar and
For Sale
$329,000
427 S Pearl Street, Albany, NY 12202
MULTI_FAMILY - Albany, NY
Property Size5,760 SF
Lot Size0.04 Acres
Price / SF$57.12
Days on Market56
Property Features for 427 S Pearl Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Mixed
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 3
Parking features
Off Street
Interior features
Chair Rail
Basement
Unfinished, Partial
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Get on I-90 E in Albany from Sand Creek Rd 9 min (3.2 mi) Continue on I-90 E. Take I-787 S to Green St. Take exit 2 from I-787 S 6 min (5.4 mi) Drive to S Pearl St 1 min (0.4 mi) 427 S Pearl St Albany, NY 12202
Standard status
Active
APN
010100 76.73-3-35
Size
5,760 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5155
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1880
Number of units
3
Flooring type
Laminate, Tile - Ceramic
Building materials
Brick
Roof type
Rubber, Asphalt
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Victoria McLaughlin · License #10401358419
(518) 429-7484
Added: Jun 17
Changed: Jul 24
Last Checked: Aug 11 at 8:06PM
MLS# 202619848
Copyright © 2026 Global MLS, Inc. 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.
427 S Pearl Street presents a fully remodeled mixed-use building combining one historic bar/lounge space with two income-producing apartment units. The commercial interior includes a custom bar, dining area, kitchen, office, a mop/broom closet, and two restrooms (one ADA-compliant). Restaurant equipment conveys with the sale, and the space is described as turnkey, with USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater installed in 2025.
The upstairs features two spacious two-bedroom apartments with updated layouts and large bathrooms. Both units are currently occupied on month-to-month terms at $1,300 and $1,400 per month.
Reported major improvements include a new roof (2018), full electrical service update (2023), a new sewer line to the street (2024), updated plumbing with PEX throughout, and newer hot water tanks. Tenants pay utilities, and the property is listed under Mixed zoning.
The upstairs features two spacious two-bedroom apartments with updated layouts and large bathrooms. Both units are currently occupied on month-to-month terms at $1,300 and $1,400 per month.
Reported major improvements include a new roof (2018), full electrical service update (2023), a new sewer line to the street (2024), updated plumbing with PEX throughout, and newer hot water tanks. Tenants pay utilities, and the property is listed under Mixed zoning.
Key Highlights
- Fully remodeled mixed‑use building with a renovated historic bar/lounge plus two income‑producing 2‑bedroom apartments
- Commercial bar space includes a custom bar, dining area, kitchen, office, and 2 bathrooms (1 ADA‑compliant) and mop/broom closet
- Income: bar currently $1,500/month; apartments $1,300/month and $1,400/month (month‑to‑month, both occupied)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 12202, NY
10,257
Population
5,434
Households
1.9
Avg Household Size
34
Median Age
33%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
5,129
Density / Sq Mi
$49,684
Median Household Income
$34,656
Median Earnings
$1,012
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey remodeled building with a renovated bar/lounge and two occupied two-bedroom apartments.
Where is this triplex located?
The property is located at 427 S Pearl Street Albany, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Fully remodeled mixed‑use building with a renovated historic bar/lounge plus two income‑producing 2‑bedroom apartments; Commercial bar space includes a custom bar, dining area, kitchen, office, and 2 bathrooms (1 ADA‑compliant) and mop/broom closet; Income: bar currently $1,500/month; apartments $1,300/month and $1,400/month (month‑to‑month, both occupied)
