427 S Pearl St | Image 1
New
Virtual Tour
427 S Pearl St | Image 2
427 S Pearl St | Image 3
427 S Pearl St | Image 4
427 S Pearl St | Image 5
427 S Pearl St | Image 6
427 S Pearl St | Image 7

$329,000

For Sale

4 hours ago

427 S Pearl St, Albany, NY

House

MLS® 202615446

4 Bed

4 Bath

5760 sqft

--

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 5760 sqft
Garage 
Taxes $9,964
Days Active 0
Lot Size 
Approx. Age 1880
Avg. Price Per Sqft $57
MLS® Number 202615446

Property Address: 427 S Pearl St, Albany, NY, 12202-1915

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albany's last historic bar spaces paired with two income-producing apartments. The commercial space offers a fully renovated bar/lounge, complete with a stunning custom bar, dining area, kitchen, office, and one ADA-compliant bathroom and one standard bathroom, along with a mop/broom closet. With USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater (2025), this space is turnkey and ready for its next concept. Currently generating $1, 500/month with upside to ~$2, 000/month upon liquor license approval. Upstairs, two spacious 2-bedroom apartments feature updated layouts, large bathrooms, and strong rental history; both currently occupied (month-to-month) at $1, 300 and $1, 400/month. Major improvements include new roof (2018), full electrical service update (2023), new sewer line to street (2024), updated plumbing with PEX throughout, and newer hot water tanks--offering peace of mind for years to come. Tenants pay utilities, keeping operating expenses low and returns strong. Whether you're an investor seeking cash flow or an owner-user looking to operate a business while collecting residential income- this is a rare find in the City of Albany! Current Income: Bar: $1, 500/mo = $18, 000/year Apts: $2, 700/mo = $32, 400/year Total Gross = $50, 400/year Expenses: Taxes: $9, 963 Insurance: $2, 568 Water/Sewer: ~$675 Total Expenses ≈ $13, 206 NOI (Net Operating Income): $50, 400 - $13, 206 = $37, 194 CAP Rate (Current): *11.3%* 11%+ cap rate, built-in income, and serious upside...this is the deal investors wait for!!!!
MLS® Number202615446
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1880
BasementPartial, Unfinished
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Other:Second FloorNot available
Other:First FloorNot available
Other:First FloorNot available
Other:First FloorNot available
Other:Second FloorNot available
Other:First FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$329,000List Price
  • Commute

Commute

Starting Address
Destination Address
427 S Pearl St, Albany, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties