PRIME DOWNTOWN ALBANY MIXED-USE INVESTMENT -- 41 RESIDENTIAL UNITS + 21 COMMERCIAL SPACES | $4,450,000
A rare opportunity to own a signature mixed-use asset in the heart of the Downtown Albany Historic District. This 101,730 SF building sits on a 0.53-acre lot at the corner of Pine St and N Pearl St, offering 41 luxury residential units and 21 commercial spaces under one roof -- steps from Albany's business core, courts, and government offices. 96 Walk Score.
Residential units are finished to a high standard: custom kitchens with stainless appliances and granite countertops, in-unit washer/dryer, hardwood floors, and state-of-the-art VRF mini-split heating and cooling systems. Bathrooms feature mahogany vanities, custom lighting, and select units with mosaic-tiled walk-in showers.
Building amenities include a rooftop patio, theater room, and fitness center -- driving strong resident retention and premium rents in a tight downtown rental market.
Built in 1880 and set within Albany's Historic District, the property combines architectural character with modern systems and finishes, appealing to residents and commercial tenants seeking a downtown address.
Ideal for investors seeking diversified income across residential and commercial tenancy in one of the Capital Region's most established urban cores.
Property Type(s):
Commercial
|
Last Updated
|
7/17/2026
|
Year Built
|
0
|
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
Central Air, Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Other, Partial, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
None |
| HEAT |
Heat Pump |
| INTERIOR |
Elevator |
| LOT |
0.53 acre(s) |
| LOT DIMENSIONS |
105.4x218.8 |
| SEWER |
Public Sewer |
| STYLE |
Other |
| TAXES |
98405 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of Empire Real Estate Firm LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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