204 Lancaster Street, Albany, NY, 12210
About This Home
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.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Concrete Perimeter
- Roof: Rubber
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Triplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partial
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 5
- Full bathrooms: 2
- 1/2 bathrooms: 3
Features
- High Speed Internet,Tray Ceiling(s),Walk-In Closet(s),Built-in Features,Crown Molding
- Window features: Wood Frames
- Flooring: Wood
- Finished area below ground: 0
- Finished area above ground: 4,123
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 4,123
- Total interior livable area: 4,123 sqft
Property
Details
- Parcel number: 010100 76.23311
- Attached to another structure: Yes
- Zoning description: Mixed
- Special condition: Standard
Features
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: Downtown
Lot
- Lot size: 1,742 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,028 | $36,336 |
| Home Insurance * | $478 | $5,736 |
| Property Taxes | $848 | $10,176 |
| Electricity | $681 | $8,176 |
| Total | $5,035 | $60,420 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-05 | Listed for sale | $649,000 |
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