538 Myrtle Avenue, Albany, NY 12208

Albany
Local realty services provided by:HUNT Real Estate ERA
538 Myrtle Avenue,Albany, NY 12208
$425,000
Virtual Tour
  • 5 Beds
  • 5 Baths
  • 2,216 sq. ft.
  • Multi-family
  • Pending
Listed by: samantha m curry
Office: new scotland realty
MLS#:202526539
Source:Global MLS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$191.79

About this home

Rare opportunity to own a 5-unit property in the heart of Pine Hills! Each unit is a 1-bedroom/1-bath efficiency with all utilities included, making it highly attractive to tenants. Just 1 mile from Albany Med and 1 mile from Washington Park, the location offers consistent rental demand and walkability to key amenities. This property delivers a rare 9% cap rate with upside potential to 10%+, making it an excellent choice for investors seeking both cash flow and growth.

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Home facts

  • Year built:1930
  • Listing ID #:202526539
  • Added:190 day(s) ago
  • Updated:April 03, 2026 at 07:55 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Carpet, Hardwood
  • Basement Description:Full
  • Living area:2,216 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Roof:Asphalt
  • Year built:1930
  • Building area:2,216 sq. ft.
  • Lot area:0.09 Acres
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Stucco
  • Foundation Description:Concrete Perimeter

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$191.79
  • Tax amount:$8,881
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