NY > Albany
Albany, NY 12208,538 Myrtle Avenue
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Albany, NY 12208,538 Myrtle Avenue
Albany, NY 12208,538 Myrtle Avenue
Albany, NY 12208,538 Myrtle Avenue
Albany, NY 12208,538 Myrtle Avenue
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Listed by Samantha M Curry • New Scotland Realty
$ 459,900
Est. payment /mo
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538 Myrtle Avenue Albany, NY 12208

5 Beds

5 Baths

2,216 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,216 sqft

Price per Sqft $207

MLS Listing ID 202526539

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1930

Annual Tax Amount $8,881

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi Family

Source Global MLS

Property Description

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 solid 8.71% cap rate with upside potential to 9.97%, making it an excellent choice for investors seeking both cash flow and growth.

Location

State NY

County Albany

Direction Turn left onto Partridge St. Turn left onto Myrtle Ave. Continue to 538 Myrtle Ave, which will be on the right.

Interior

Heating Radiant, Natural Gas

Flooring Carpet, Hardwood

Exterior

Exterior Feature None

Roof Type Asphalt

Building

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Albany

Others

Tax ID 010100 65.77-2-48

Special Listing Condition Standard

Inglenook Realty, Inc.

Inglenook Realty, Inc.

Broker | License ID: 109931319

+1(518) 882-6236

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538 Myrtle Avenue

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