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149 Lancaster Street, Albany, NY, 12210

3beds
4baths
4,400sqft
$600,000
$136price/sqft
$5,089/moest. monthly cost
$203,560/yrincome needed

About This Home

Very rare opportunity to own a unique duplex in Albany's highly desirable Center Square neighborhood. Technically comprised of two separately deeded condominiums, 149 Lancaster Street is being offered as a duplex, providing flexibility for investors and owner-occupants alike. The property features spacious living areas, abundant natural light, and the historic character that makes Center Square so sought after. Unit 1 is a massive 1 bedroom/ 1.5 bathroom with an exceptional garden & outdoor space. Unit 2 is equally as grand but with 2 bedrooms/ 1.5 bathrooms and rooftop deck perfect for firework spectating. Both units to be delivered vacant. Located just steps from Washington Park, Lark Street, Albany Medical Center, restaurants, shops, and downtown Albany, this property offers exceptional walkability and strong rental demand. Continue operating as a duplex or explore the benefits of the existing condo structure. A rare chance to own a versatile income-producing property in one of Albany's premier neighborhoods

Getting Around

95
WalkingWalker's Paradise
65
TransitGood Transit
54
BikeBikeable

Schools

4/10
Albany High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1884

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Apartment,Finished,Full,Heated

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,400

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 4,400
  • Total interior livable area: 4,400 sqft

Property

Details

  • Parcel number: 010100 76.24652.1
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Exterior features: Other,Garden,Gas Grill

Lot

  • Lot size: 2,288 Acres

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

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$479$5,748
Property Taxes $850$10,200
Electricity $727$8,725
Total$5,089$61,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$174,480/yr
40% on housing$152,670/yr
45% on housing$135,706/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 12210$167
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12210$169
Albany County$223

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)

No zestimate history available

Price History

DateEventPrice
2026-06-08Listed for sale$600,000
2012-06-22Sold$222,500

For Sale by Agent

AgentJohn Alund
BrokerageLincoln House Realty

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