What does altes Haus mean?
Was geht, altes Haus?
Does it mean “What’s up, pal”?
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4 – Person, Mensch
er ist ein fideles, gemütliches, gelehrtes Haus
wie gehts, altes Haus (alter Freund)
Yes, altes Haus is probably best described as pal or bro. Someone which needs to a good friend or a guy from your clique you see regularly. I would say a good English translation, which gives you the right feeling is
You (maybe) souldn't use it at work, but with your homies it is OK.